BNP Paribas Has $4.31 Million Stock Holdings in Veeva Systems Inc. $VEEV

BNP Paribas increased its position in Veeva Systems Inc. (NYSE:VEEV) by 89.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,239 shares of the technology company’s stock after purchasing an additional 9,077 shares during the quarter. BNP Paribas’ holdings in Veeva Systems were worth $4,308,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Veeva Systems by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 15,429,231 shares of the technology company’s stock worth $4,596,522,000 after buying an additional 457,806 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Veeva Systems by 4.1% during the 3rd quarter. Alliancebernstein L.P. now owns 5,941,631 shares of the technology company’s stock valued at $1,770,071,000 after purchasing an additional 235,983 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Veeva Systems by 0.6% during the 4th quarter. Principal Financial Group Inc. now owns 3,870,293 shares of the technology company’s stock valued at $863,978,000 after purchasing an additional 23,416 shares in the last quarter. State Street Corp grew its position in shares of Veeva Systems by 2.2% during the 3rd quarter. State Street Corp now owns 3,503,730 shares of the technology company’s stock valued at $1,043,796,000 after purchasing an additional 76,397 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Veeva Systems by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,476,258 shares of the technology company’s stock valued at $1,035,622,000 after purchasing an additional 159,984 shares in the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Insider Buying and Selling at Veeva Systems

In other Veeva Systems news, Director Priscilla Hung sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $155.64, for a total transaction of $116,730.00. Following the completion of the transaction, the director owned 3,253 shares of the company’s stock, valued at approximately $506,296.92. This trade represents a 18.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 10.60% of the company’s stock.

Veeva Systems Price Performance

VEEV stock opened at $188.90 on Tuesday. Veeva Systems Inc. has a 1 year low of $148.05 and a 1 year high of $310.50. The company has a market cap of $30.85 billion, a P/E ratio of 34.92, a PEG ratio of 0.77 and a beta of 0.95. The firm has a 50-day moving average of $166.44 and a 200 day moving average of $198.31.

Veeva Systems (NYSE:VEEV) last announced its earnings results on Wednesday, March 4th. The technology company reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.12. Veeva Systems had a net margin of 28.44% and a return on equity of 13.80%. The business had revenue of $835.95 million during the quarter, compared to the consensus estimate of $810.95 million. During the same quarter last year, the firm earned $1.74 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Veeva Systems has set its FY 2027 guidance at 8.850- EPS and its Q1 2027 guidance at 2.130-2.14 EPS. On average, equities research analysts expect that Veeva Systems Inc. will post 6.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on VEEV. Royal Bank Of Canada cut their target price on shares of Veeva Systems from $330.00 to $275.00 and set an “outperform” rating for the company in a research report on Thursday, March 5th. Truist Financial reiterated a “buy” rating and issued a $262.00 target price (down from $275.00) on shares of Veeva Systems in a research report on Thursday, March 5th. Zacks Research lowered shares of Veeva Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Barclays cut their target price on shares of Veeva Systems from $305.00 to $250.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. Finally, Needham & Company LLC cut their target price on shares of Veeva Systems from $355.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $276.52.

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.