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

Veeva Systems Inc. (NYSE:VEEV) has been assigned a consensus rating of “Moderate Buy” from the twenty-six ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and eighteen have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $308.0417.

A number of equities analysts have recently issued reports on VEEV shares. Wells Fargo & Company reduced their target price on shares of Veeva Systems from $341.00 to $333.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. UBS Group dropped their target price on Veeva Systems from $310.00 to $280.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. BTIG Research reiterated a “buy” rating and issued a $340.00 price target on shares of Veeva Systems in a report on Friday, November 21st. KeyCorp restated a “sector weight” rating on shares of Veeva Systems in a report on Friday, December 12th. Finally, Citigroup reduced their price objective on shares of Veeva Systems from $349.00 to $319.00 and set a “buy” rating on the stock in a research note on Monday, November 24th.

Insiders Place Their Bets

In related news, insider Thomas D. Schwenger sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total transaction of $231,430.00. Following the completion of the transaction, the insider owned 23,204 shares in the company, valued at approximately $5,370,101.72. The trade was a 4.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Linden Thomas Advisory Services LLC grew its position in Veeva Systems by 0.3% during the third quarter. Linden Thomas Advisory Services LLC now owns 12,444 shares of the technology company’s stock valued at $3,707,000 after buying an additional 35 shares during the period. Sigma Planning Corp boosted its position in shares of Veeva Systems by 1.2% in the 2nd quarter. Sigma Planning Corp now owns 3,328 shares of the technology company’s stock worth $958,000 after purchasing an additional 39 shares in the last quarter. Personal CFO Solutions LLC increased its holdings in shares of Veeva Systems by 3.5% during the third quarter. Personal CFO Solutions LLC now owns 1,163 shares of the technology company’s stock valued at $346,000 after acquiring an additional 39 shares in the last quarter. AFT Forsyth & Company Inc. raised its holdings in Veeva Systems by 4.2% in the third quarter. AFT Forsyth & Company Inc. now owns 984 shares of the technology company’s stock worth $293,000 after buying an additional 40 shares during the last quarter. Finally, Williams Jones Wealth Management LLC. lifted its position in Veeva Systems by 0.4% in the 3rd quarter. Williams Jones Wealth Management LLC. now owns 9,419 shares of the technology company’s stock valued at $2,806,000 after acquiring an additional 40 shares in the last quarter. 88.20% of the stock is owned by institutional investors and hedge funds.

Veeva Systems Trading Up 2.4%

NYSE VEEV opened at $225.11 on Friday. Veeva Systems has a 1-year low of $201.54 and a 1-year high of $310.50. The company has a 50 day moving average of $234.01 and a 200-day moving average of $267.44. The firm has a market cap of $37.00 billion, a price-to-earnings ratio of 43.80, a PEG ratio of 1.62 and a beta of 1.07.

Veeva Systems (NYSE:VEEV) last released its quarterly 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 return on equity of 13.68% and a net margin of 27.93%.The business had revenue of $0.81 million for the quarter, compared to analyst estimates of $792.37 million. During the same period in the prior year, the company earned $1.75 EPS. Veeva Systems’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. On average, analysts forecast that Veeva Systems will post 4.35 earnings per share for the current year.

Veeva Systems declared that its Board of Directors has initiated a share buyback program on Monday, January 5th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the technology company to buy up to 5.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.