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

Shares of Veeva Systems Inc. (NYSE:VEEV) have received an average recommendation of “Moderate Buy” from the twenty-six brokerages that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $308.0417.

VEEV has been the subject of several analyst reports. Citigroup cut their price target on shares of Veeva Systems from $349.00 to $319.00 and set a “buy” rating for the company in a research report on Monday, November 24th. UBS Group lowered their target price 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. Needham & Company LLC restated a “buy” rating and set a $355.00 price target on shares of Veeva Systems in a research report on Friday, November 21st. Wells Fargo & Company decreased their price target on Veeva Systems from $341.00 to $333.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Finally, Canaccord Genuity Group reiterated a “buy” rating on shares of Veeva Systems in a research report on Tuesday, November 25th.

Insiders Place Their Bets

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,000 shares of the business’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total value of $231,430.00. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.30% of the stock is owned by insiders.

Institutional Trading of Veeva Systems

Several large investors have recently modified their holdings of VEEV. GPS Wealth Strategies Group LLC raised its position in Veeva Systems by 196.4% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock valued at $25,000 after purchasing an additional 55 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in shares of Veeva Systems during the third quarter valued at approximately $28,000. OLD Second National Bank of Aurora bought a new position in shares of Veeva Systems during the third quarter valued at approximately $30,000. Legacy Investment Solutions LLC purchased a new stake in Veeva Systems in the second quarter worth $32,000. Finally, Board of the Pension Protection Fund bought a new stake in Veeva Systems in the fourth quarter valued at $27,000. 88.20% of the stock is owned by institutional investors.

Veeva Systems Price Performance

Shares of NYSE VEEV opened at $174.42 on Tuesday. The stock has a market capitalization of $28.67 billion, a P/E ratio of 33.93, a PEG ratio of 1.21 and a beta of 1.08. Veeva Systems has a one year low of $168.13 and a one year high of $310.50. The firm’s 50 day simple moving average is $214.85 and its two-hundred day simple moving average is $256.58.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Thursday, November 20th. The technology company reported $2.04 earnings per share 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 firm had revenue of $0.81 million during the quarter, compared to analyst estimates of $792.37 million. During the same period in the previous year, the business posted $1.75 EPS. The business’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. As a group, equities analysts expect that Veeva Systems will post 4.35 earnings per share for the current fiscal year.

Veeva Systems announced that its board has approved a share buyback plan on Monday, January 5th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the technology company to repurchase up to 5.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

About Veeva Systems

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.