Veeva Systems Inc. $VEEV Shares Sold by American Capital Management Inc.

American Capital Management Inc. reduced its stake in shares of Veeva Systems Inc. (NYSE:VEEV) by 7.3% during the first quarter, Holdings Channel.com reports. The firm owned 206,218 shares of the technology company’s stock after selling 16,207 shares during the period. Veeva Systems accounts for about 1.9% of American Capital Management Inc.’s portfolio, making the stock its 22nd biggest position. American Capital Management Inc.’s holdings in Veeva Systems were worth $36,224,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of VEEV. The Manufacturers Life Insurance Company raised its position in shares of Veeva Systems by 0.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 60,242 shares of the technology company’s stock worth $10,582,000 after buying an additional 311 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Veeva Systems by 268.6% in the first quarter. Quantinno Capital Management LP now owns 115,682 shares of the technology company’s stock valued at $20,321,000 after acquiring an additional 84,302 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Veeva Systems by 24.2% in the first quarter. Lazard Asset Management LLC now owns 31,841 shares of the technology company’s stock valued at $5,593,000 after acquiring an additional 6,205 shares in the last quarter. Gateway Wealth Partners LLC acquired a new position in shares of Veeva Systems during the first quarter valued at approximately $323,000. Finally, OMERS ADMINISTRATION Corp increased its stake in shares of Veeva Systems by 30.2% during the first quarter. OMERS ADMINISTRATION Corp now owns 7,174 shares of the technology company’s stock valued at $1,260,000 after acquiring an additional 1,664 shares during the period. Institutional investors and hedge funds own 88.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VEEV. Royal Bank Of Canada reissued an “outperform” rating and set a $275.00 target price on shares of Veeva Systems in a report on Thursday, June 4th. Weiss Ratings upgraded Veeva Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Evercore reissued an “outperform” rating and issued a $185.00 price objective on shares of Veeva Systems in a research note on Thursday, June 4th. BTIG Research restated a “buy” rating and issued a $340.00 price objective on shares of Veeva Systems in a report on Thursday, June 4th. Finally, Mizuho decreased their target price on Veeva Systems from $295.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $247.08.

Veeva Systems Price Performance

NYSE VEEV opened at $194.23 on Tuesday. Veeva Systems Inc. has a 12 month low of $148.05 and a 12 month high of $310.50. The company has a market capitalization of $31.55 billion, a P/E ratio of 34.62, a PEG ratio of 0.80 and a beta of 0.94. The company’s 50 day simple moving average is $175.19 and its 200 day simple moving average is $181.01.

Veeva Systems (NYSE:VEEV) last issued its earnings results on Wednesday, June 3rd. The technology company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.10. The firm had revenue of $882.95 million during the quarter, compared to analysts’ expectations of $857.73 million. Veeva Systems had a net margin of 28.37% and a return on equity of 13.72%. The firm’s revenue for the quarter 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 6.65 earnings per share for the current year.

Insider Activity at Veeva Systems

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

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.