Veeva Systems Inc. $VEEV Stock Holdings Lowered by Ethic Inc.

Ethic Inc. lessened its position in Veeva Systems Inc. (NYSE:VEEV) by 13.2% during the third quarter, Holdings Channel reports. The fund owned 15,997 shares of the technology company’s stock after selling 2,433 shares during the quarter. Ethic Inc.’s holdings in Veeva Systems were worth $4,766,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Co. of Toledo NA OH acquired a new stake in shares of Veeva Systems in the second quarter valued at approximately $29,000. Legacy Investment Solutions LLC acquired a new position in shares of Veeva Systems during the second quarter worth approximately $32,000. Maseco LLP bought a new position in Veeva Systems in the 2nd quarter worth approximately $35,000. Cary Street Partners Investment Advisory LLC increased its position in Veeva Systems by 58.3% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 133 shares of the technology company’s stock valued at $38,000 after acquiring an additional 49 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new stake in Veeva Systems during the 2nd quarter valued at $41,000. 88.20% of the stock is owned by institutional investors and hedge funds.

Veeva Systems Trading Down 0.2%

Shares of NYSE VEEV opened at $224.67 on Wednesday. Veeva Systems Inc. has a twelve month low of $201.54 and a twelve month high of $310.50. The firm has a 50-day moving average of $256.54 and a two-hundred day moving average of $273.81. The company has a market capitalization of $36.93 billion, a price-to-earnings ratio of 43.71, a PEG ratio of 1.67 and a beta of 1.05.

Veeva Systems (NYSE:VEEV) last released its earnings results on Thursday, November 20th. The technology company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.09. Veeva Systems had a net margin of 27.93% and a return on equity of 13.68%. The business had revenue of $0.81 million for the quarter, compared to the consensus estimate of $792.37 million. During the same period in the previous year, the firm earned $1.75 EPS. The business’s revenue for the quarter 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. As a group, research analysts predict that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Insider Activity

In other news, insider Thomas D. Schwenger sold 3,350 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total transaction of $1,005,134.00. Following the sale, the insider directly owned 23,773 shares of the company’s stock, valued at $7,132,850.92. The trade was a 12.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of the company’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total value of $1,839,720.00. Following the sale, the insider directly owned 25,325 shares of the company’s stock, valued at approximately $7,765,151.50. This represents a 19.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 24,665 shares of company stock worth $7,438,000. Insiders own 10.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. UBS Group decreased their price target on Veeva Systems from $310.00 to $280.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. JPMorgan Chase & Co. upgraded shares of Veeva Systems from a “neutral” rating to an “overweight” rating and increased their target price for the company from $290.00 to $330.00 in a research report on Monday, September 8th. Wall Street Zen cut shares of Veeva Systems from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Barclays dropped their price target on shares of Veeva Systems from $325.00 to $305.00 and set an “overweight” rating on the stock in a research report on Friday, November 21st. Finally, BTIG Research reiterated a “buy” rating and issued a $340.00 price objective on shares of Veeva Systems in a report on Friday, November 21st. Eighteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $307.42.

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.