Veeva Systems Inc. $VEEV Shares Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC cut its holdings in Veeva Systems Inc. (NYSE:VEEV) by 13.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 19,114 shares of the technology company’s stock after selling 2,986 shares during the period. Calamos Wealth Management LLC’s holdings in Veeva Systems were worth $5,694,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. CreativeOne Wealth LLC bought a new position in Veeva Systems in the first quarter worth about $255,000. The Manufacturers Life Insurance Company raised its position in shares of Veeva Systems by 31.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 93,918 shares of the technology company’s stock worth $21,754,000 after purchasing an additional 22,370 shares during the period. Vident Advisory LLC lifted its holdings in shares of Veeva Systems by 48.8% in the 1st quarter. Vident Advisory LLC now owns 4,095 shares of the technology company’s stock worth $949,000 after purchasing an additional 1,343 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of Veeva Systems in the 1st quarter worth approximately $645,000. Finally, Royal Bank of Canada boosted its position in Veeva Systems by 20.7% during the 1st quarter. Royal Bank of Canada now owns 758,597 shares of the technology company’s stock valued at $175,713,000 after purchasing an additional 129,876 shares during the period. Institutional investors own 88.20% of the company’s stock.

Veeva Systems Price Performance

NYSE VEEV opened at $224.67 on Wednesday. Veeva Systems Inc. has a 12 month low of $201.54 and a 12 month high of $310.50. The firm has a market capitalization of $36.93 billion, a PE ratio of 43.71, a P/E/G ratio of 1.67 and a beta of 1.05. The company’s 50 day simple moving average is $256.54 and its 200 day simple moving average is $273.81.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Thursday, November 20th. The technology company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.09. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The firm had revenue of $0.81 million during the quarter, compared to analyst estimates of $792.37 million. During the same period last year, the company posted $1.75 EPS. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. 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. Sell-side analysts anticipate that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on VEEV shares. Robert W. Baird raised their target price on Veeva Systems from $314.00 to $319.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Canaccord Genuity Group reiterated a “buy” rating on shares of Veeva Systems in a research report on Tuesday, November 25th. TD Cowen upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating and upped their target price for the stock from $297.00 to $380.00 in a research report on Tuesday, October 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Veeva Systems in a research note on Monday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $330.00 price target on shares of Veeva Systems in a report on Monday, November 24th. Eighteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Veeva Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $307.42.

Insider Buying and Selling

In other Veeva Systems news, insider Thomas D. Schwenger sold 3,350 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $300.04, for a total value of $1,005,134.00. Following the sale, the insider directly owned 23,773 shares in the company, valued at approximately $7,132,850.92. The trade was a 12.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jonathan Faddis sold 14,595 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $300.00, for a total transaction of $4,378,500.00. Following the completion of the sale, the senior vice president directly owned 8,588 shares of the company’s stock, valued at $2,576,400. The trade was a 62.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,665 shares of company stock valued at $7,438,000 over the last three months. Company insiders own 10.30% of the company’s stock.

Veeva Systems 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.