Veeva Systems Inc. $VEEV Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its stake in shares of Veeva Systems Inc. (NYSE:VEEV) by 29.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,851 shares of the technology company’s stock after buying an additional 5,175 shares during the period. Daiwa Securities Group Inc.’s holdings in Veeva Systems were worth $5,102,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Board of the Pension Protection Fund acquired a new position in Veeva Systems during the 4th quarter valued at about $27,000. Raiffeisen Bank International AG acquired a new position in shares of Veeva Systems in the 3rd quarter worth approximately $28,000. Newbridge Financial Services Group Inc. raised its holdings in shares of Veeva Systems by 322.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 131 shares of the technology company’s stock worth $29,000 after purchasing an additional 100 shares in the last quarter. Activest Wealth Management raised its holdings in shares of Veeva Systems by 3,175.0% in the 4th quarter. Activest Wealth Management now owns 131 shares of the technology company’s stock worth $29,000 after purchasing an additional 127 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. bought a new stake in shares of Veeva Systems in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on VEEV. Oppenheimer reiterated an “outperform” rating and issued a $225.00 target price on shares of Veeva Systems in a report on Thursday, June 4th. The Goldman Sachs Group dropped their target price on shares of Veeva Systems from $190.00 to $165.00 and set a “sell” rating on the stock in a report on Thursday, June 4th. TD Cowen reiterated a “buy” rating on shares of Veeva Systems in a report on Thursday. JPMorgan Chase & Co. dropped their target price on shares of Veeva Systems from $330.00 to $296.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Finally, Evercore reiterated an “outperform” rating and issued a $185.00 target price on shares of Veeva Systems in a report on Thursday. Eighteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $250.96.

Veeva Systems Price Performance

NYSE VEEV opened at $167.33 on Tuesday. The company’s 50 day simple moving average is $165.94 and its 200 day simple moving average is $194.42. The company has a market capitalization of $27.33 billion, a P/E ratio of 29.83, a PEG ratio of 0.76 and a beta of 0.95. Veeva Systems Inc. has a 12 month low of $148.05 and a 12 month high of $310.50.

Veeva Systems (NYSE:VEEV) last released its earnings results on Wednesday, June 3rd. The technology company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.10. The business had revenue of $882.95 million for the quarter, compared to the consensus estimate of $857.73 million. Veeva Systems had a net margin of 28.37% and a return on equity of 13.89%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period last year, the firm posted $1.97 earnings per share. Veeva Systems has set its FY 2027 guidance at 9.050-9.050 EPS and its Q2 2027 guidance at 2.210-2.220 EPS. On average, analysts anticipate that Veeva Systems Inc. will post 6.46 earnings per share for the current year.

Insider Buying and Selling at Veeva Systems

In other news, Director Priscilla Hung sold 750 shares of Veeva Systems stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $155.64, for a total value of $116,730.00. Following the transaction, the director directly owned 3,253 shares of the company’s stock, valued at $506,296.92. This trade represents a 18.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.60% of the stock is currently owned by company insiders.

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.