Veeva Systems (NYSE:VEEV) Rating Lowered to Hold at Wall Street Zen

Veeva Systems (NYSE:VEEV) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other analysts also recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Veeva Systems in a research note on Monday. Truist Financial lifted their price target on shares of Veeva Systems from $268.00 to $275.00 and gave the company a “hold” rating in a research report on Thursday, August 28th. William Blair reissued an “outperform” rating on shares of Veeva Systems in a research note on Friday, October 17th. Barclays reduced their price objective on shares of Veeva Systems from $325.00 to $305.00 and set an “overweight” rating on the stock in a report on Friday, November 21st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $330.00 target price on shares of Veeva Systems in a research report on Monday, November 24th. Nineteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $307.42.

Veeva Systems Stock Performance

Shares of VEEV stock opened at $242.06 on Friday. Veeva Systems has a fifty-two week low of $201.54 and a fifty-two week high of $310.50. The firm has a market capitalization of $39.79 billion, a PE ratio of 47.09, a P/E/G ratio of 1.80 and a beta of 1.05. The stock’s 50-day simple moving average is $280.03 and its 200-day simple moving average is $278.59.

Veeva Systems (NYSE:VEEV) last issued 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. The business had revenue of $0.81 million during the quarter, compared to the consensus estimate of $792.37 million. Veeva Systems had a net margin of 27.93% and a return on equity of 13.68%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.75 earnings per share. 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. Sell-side analysts forecast that Veeva Systems will post 4.35 earnings per share for the current year.

Insider Buying and Selling at Veeva Systems

In related news, insider Thomas D. Schwenger sold 3,350 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $300.04, for a total value of $1,005,134.00. Following the sale, the insider owned 23,773 shares of the company’s stock, valued at $7,132,850.92. This trade represents a 12.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jonathan Faddis sold 720 shares of Veeva Systems stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $298.12, for a total transaction of $214,646.40. Following the completion of the transaction, the senior vice president owned 7,868 shares of the company’s stock, valued at $2,345,608.16. This represents a 8.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,665 shares of company stock valued at $7,438,000 in the last quarter. Corporate insiders own 10.30% of the company’s stock.

Institutional Investors Weigh In On Veeva Systems

A number of hedge funds and other institutional investors have recently modified their holdings of VEEV. ASR Vermogensbeheer N.V. increased its position in Veeva Systems by 64.2% during the second quarter. ASR Vermogensbeheer N.V. now owns 5,167 shares of the technology company’s stock worth $1,488,000 after buying an additional 2,020 shares during the period. Stevens Capital Management LP acquired a new position in shares of Veeva Systems in the 2nd quarter valued at $306,000. QRG Capital Management Inc. raised its position in Veeva Systems by 15.7% in the 2nd quarter. QRG Capital Management Inc. now owns 12,771 shares of the technology company’s stock valued at $3,678,000 after purchasing an additional 1,735 shares during the last quarter. Merit Financial Group LLC boosted its stake in Veeva Systems by 12.5% during the 2nd quarter. Merit Financial Group LLC now owns 45,247 shares of the technology company’s stock worth $13,030,000 after purchasing an additional 5,042 shares during the period. Finally, Penserra Capital Management LLC grew its position in Veeva Systems by 409.4% during the 2nd quarter. Penserra Capital Management LLC now owns 3,693 shares of the technology company’s stock worth $1,062,000 after purchasing an additional 2,968 shares during the last quarter. 88.20% of the stock is currently owned by institutional investors and hedge funds.

About Veeva Systems

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.