Q3 EPS Estimates for Veeva Systems Lifted by Zacks Research

Veeva Systems Inc. (NYSE:VEEV) – Stock analysts at Zacks Research upped their Q3 2027 earnings estimates for shares of Veeva Systems in a research note issued to investors on Wednesday, September 17th. Zacks Research analyst Team now expects that the technology company will post earnings per share of $1.47 for the quarter, up from their prior estimate of $1.42. The consensus estimate for Veeva Systems’ current full-year earnings is $4.35 per share. Zacks Research also issued estimates for Veeva Systems’ Q4 2027 earnings at $1.44 EPS.

A number of other research firms also recently commented on VEEV. Citigroup raised their target price on shares of Veeva Systems from $329.00 to $349.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Mizuho boosted their target price on shares of Veeva Systems from $295.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Canaccord Genuity Group lifted their price objective on shares of Veeva Systems from $270.00 to $300.00 and gave the company a “hold” rating in a research note on Thursday, August 28th. KeyCorp boosted their target price on shares of Veeva Systems from $285.00 to $325.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Finally, Wells Fargo & Company boosted their target price on shares of Veeva Systems from $300.00 to $326.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Seventeen analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $301.48.

Veeva Systems Stock Performance

NYSE VEEV opened at $276.98 on Friday. The company has a market capitalization of $45.40 billion, a price-to-earnings ratio of 56.87, a price-to-earnings-growth ratio of 2.17 and a beta of 0.95. The company’s 50-day simple moving average is $280.65 and its two-hundred day simple moving average is $258.99. Veeva Systems has a one year low of $200.30 and a one year high of $296.72.

Insider Activity at Veeva Systems

In related news, Director Priscilla Hung sold 171 shares of Veeva Systems stock in a transaction on Monday, July 7th. The shares were sold at an average price of $284.40, for a total transaction of $48,632.40. Following the sale, the director directly owned 3,966 shares in the company, valued at $1,127,930.40. This trade represents a 4.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jonathan Faddis sold 720 shares of Veeva Systems stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $285.62, for a total transaction of $205,646.40. Following the completion of the transaction, the senior vice president directly owned 7,902 shares in the company, valued at $2,256,969.24. The trade was a 8.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,063 shares of company stock worth $302,955. 10.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Veeva Systems

Several institutional investors have recently made changes to their positions in VEEV. Abound Financial LLC purchased a new stake in shares of Veeva Systems during the 1st quarter worth $25,000. ORG Partners LLC acquired a new position in Veeva Systems in the 1st quarter valued at about $26,000. Trust Co. of Toledo NA OH acquired a new position in shares of Veeva Systems during the 2nd quarter valued at about $29,000. Golden State Wealth Management LLC increased its stake in shares of Veeva Systems by 152.9% during the 1st quarter. Golden State Wealth Management LLC now owns 129 shares of the technology company’s stock valued at $30,000 after acquiring an additional 78 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new position in shares of Veeva Systems during the 1st quarter valued at about $32,000. 88.20% of the stock is currently owned by hedge funds and other institutional investors.

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.