Veeva Systems Inc. (NYSE:VEEV) Given Average Recommendation of “Moderate Buy” by Brokerages

Veeva Systems Inc. (NYSE:VEEV) has received a consensus rating of “Moderate Buy” from the twenty-six research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and eighteen have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $307.4167.

Several equities analysts recently commented on the company. Barclays reduced their target price on Veeva Systems from $325.00 to $305.00 and set an “overweight” rating for the company in a research report on Friday, November 21st. BMO Capital Markets started coverage on Veeva Systems in a report on Thursday, November 13th. They set a “market perform” rating and a $300.00 price objective for the company. TD Cowen raised shares of Veeva Systems from a “hold” rating to a “buy” rating and raised their target price for the company from $297.00 to $380.00 in a research note on Tuesday, October 7th. Canaccord Genuity Group reissued a “buy” rating on shares of Veeva Systems in a research note on Tuesday, November 25th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Veeva Systems in a report on Monday, December 22nd.

Insider Activity

In related news, insider Eleni Nitsa Zuppas sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the transaction, the insider directly owned 25,325 shares of the company’s stock, valued at approximately $7,765,151.50. This trade represents a 19.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thomas D. Schwenger sold 3,350 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total value of $1,005,134.00. Following the completion of the sale, the insider owned 23,773 shares of the company’s stock, valued at $7,132,850.92. The trade was a 12.35% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 24,665 shares of company stock worth $7,438,000. 10.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Veeva Systems

Several institutional investors and hedge funds have recently made changes to their positions in VEEV. Alphinity Investment Management Pty Ltd purchased a new position in Veeva Systems during the 3rd quarter valued at $422,241,000. Norges Bank bought a new stake in shares of Veeva Systems during the 2nd quarter valued at about $384,265,000. Durable Capital Partners LP purchased a new position in shares of Veeva Systems during the second quarter valued at about $281,351,000. AQR Capital Management LLC increased its position in shares of Veeva Systems by 111.7% during the second quarter. AQR Capital Management LLC now owns 1,838,046 shares of the technology company’s stock valued at $526,508,000 after buying an additional 969,905 shares during the period. Finally, Schroder Investment Management Group raised its stake in Veeva Systems by 1,039.4% in the second quarter. Schroder Investment Management Group now owns 1,014,974 shares of the technology company’s stock worth $292,292,000 after buying an additional 925,896 shares in the last quarter. Institutional investors own 88.20% of the company’s stock.

Veeva Systems Trading Up 0.5%

Shares of NYSE:VEEV opened at $224.36 on Monday. The company has a 50 day moving average of $259.07 and a 200 day moving average of $274.61. The stock has a market cap of $36.88 billion, a P/E ratio of 43.65, a P/E/G ratio of 1.66 and a beta of 1.05. Veeva Systems has a 12 month low of $201.54 and a 12 month high of $310.50.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Thursday, November 20th. The technology company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.95 by $0.09. The firm had revenue of $0.81 million during the quarter, compared to the consensus estimate of $792.37 million. Veeva Systems had a net margin of 27.93% and a return on equity of 13.68%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the firm earned $1.75 EPS. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS and its Q4 2026 guidance at 1.920-1.920 EPS. On average, equities analysts forecast that Veeva Systems will post 4.35 earnings per share for the current fiscal year.

Veeva Systems Company Profile

Veeva Systems (NYSE: VEEV) is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.

Veeva’s product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.