Aigen Investment Management LP Buys 16,926 Shares of Veeva Systems Inc. $VEEV

Aigen Investment Management LP grew its stake in Veeva Systems Inc. (NYSE:VEEV) by 738.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 19,217 shares of the technology company’s stock after buying an additional 16,926 shares during the period. Veeva Systems accounts for about 1.0% of Aigen Investment Management LP’s holdings, making the stock its 10th largest position. Aigen Investment Management LP’s holdings in Veeva Systems were worth $4,290,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Personal CFO Solutions LLC grew its position in Veeva Systems by 3.5% in the 3rd quarter. Personal CFO Solutions LLC now owns 1,163 shares of the technology company’s stock worth $346,000 after purchasing an additional 39 shares during the last quarter. AFT Forsyth & Company Inc. lifted its holdings in shares of Veeva Systems by 4.2% during the 3rd quarter. AFT Forsyth & Company Inc. now owns 984 shares of the technology company’s stock worth $293,000 after acquiring an additional 40 shares during the period. Williams Jones Wealth Management LLC. lifted its holdings in shares of Veeva Systems by 0.4% during the 3rd quarter. Williams Jones Wealth Management LLC. now owns 9,419 shares of the technology company’s stock worth $2,806,000 after acquiring an additional 40 shares during the period. Rafferty Asset Management LLC lifted its holdings in shares of Veeva Systems by 0.7% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,881 shares of the technology company’s stock worth $1,982,000 after acquiring an additional 51 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Veeva Systems by 8.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 719 shares of the technology company’s stock worth $214,000 after acquiring an additional 54 shares during the period. 88.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Veeva Systems news, Director Priscilla Hung sold 750 shares of the business’s stock in a transaction dated 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 in the company, valued at $506,296.92. The trade was a 18.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

VEEV has been the subject of a number of analyst reports. Evercore reaffirmed an “outperform” rating and set a $185.00 price objective on shares of Veeva Systems in a report on Thursday, June 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $275.00 price objective on shares of Veeva Systems in a report on Thursday, June 4th. Raymond James Financial reaffirmed an “outperform” rating and set a $225.00 price objective on shares of Veeva Systems in a report on Thursday, June 4th. BMO Capital Markets reduced their price objective on shares of Veeva Systems from $220.00 to $175.00 and set a “market perform” rating for the company in a report on Thursday, June 4th. Finally, Canaccord Genuity Group reduced their price objective on shares of Veeva Systems from $235.00 to $220.00 and set a “hold” rating for the company in a report on Thursday, June 4th. Eighteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $250.96.

Veeva Systems Stock Down 1.3%

NYSE:VEEV opened at $159.44 on Friday. The firm has a market cap of $25.90 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 0.69 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. The company’s 50-day moving average price is $165.06 and its two-hundred day moving average price is $192.11.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Wednesday, June 3rd. The technology company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.10. The firm had revenue of $882.95 million for the quarter, compared to analyst estimates of $857.73 million. Veeva Systems had a net margin of 28.37% and a return on equity of 13.72%. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the previous year, the business earned $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, research analysts expect that Veeva Systems Inc. will post 6.65 EPS for the current fiscal year.

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.