236 Shares in Veeva Systems Inc. $VEEV Purchased by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC purchased a new position in shares of Veeva Systems Inc. (NYSE:VEEV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 236 shares of the technology company’s stock, valued at approximately $68,000.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its position in Veeva Systems by 2.2% during the first quarter. Vanguard Group Inc. now owns 14,760,566 shares of the technology company’s stock worth $3,418,990,000 after acquiring an additional 315,421 shares during the period. Alliancebernstein L.P. increased its position in Veeva Systems by 10.7% during the first quarter. Alliancebernstein L.P. now owns 5,499,651 shares of the technology company’s stock worth $1,273,884,000 after acquiring an additional 532,269 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in Veeva Systems by 0.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,203,867 shares of the technology company’s stock valued at $1,205,372,000 after buying an additional 34,169 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Veeva Systems by 20.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,992,372 shares of the technology company’s stock valued at $924,754,000 after buying an additional 689,700 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Veeva Systems by 7.5% in the 1st quarter. JPMorgan Chase & Co. now owns 3,230,758 shares of the technology company’s stock valued at $748,341,000 after buying an additional 225,125 shares during the period. 88.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on VEEV. Canaccord Genuity Group raised their target price on shares of Veeva Systems from $270.00 to $300.00 and gave the company a “hold” rating in a report on Thursday, August 28th. Evercore ISI raised their target price on shares of Veeva Systems from $285.00 to $295.00 and gave the company an “in-line” rating in a report on Thursday, August 28th. 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 report on Thursday, August 28th. Mizuho raised their target price on shares of Veeva Systems from $295.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Stifel Nicolaus raised their target price on shares of Veeva Systems from $295.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Sixteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $307.58.

Insider Transactions at Veeva Systems

In other news, insider Eleni Nitsa Zuppas sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total value of $1,839,720.00. Following the transaction, the insider owned 25,325 shares in the company, valued at approximately $7,765,151.50. The trade was a 19.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jonathan Faddis sold 14,595 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $300.00, for a total transaction of $4,378,500.00. Following the completion of the transaction, the senior vice president owned 8,588 shares in the company, valued at $2,576,400. This trade represents a 62.96% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,665 shares of company stock worth $7,438,000. Company insiders own 10.30% of the company’s stock.

Veeva Systems Price Performance

NYSE:VEEV opened at $287.04 on Friday. The firm’s 50 day simple moving average is $282.91 and its 200 day simple moving average is $265.06. Veeva Systems Inc. has a one year low of $201.54 and a one year high of $310.50. The company has a market cap of $47.05 billion, a PE ratio of 58.94, a P/E/G ratio of 2.22 and a beta of 0.98.

Veeva Systems (NYSE:VEEV) last posted its earnings results on Wednesday, August 27th. The technology company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.64). Veeva Systems had a return on equity of 13.72% and a net margin of 27.29%.The business had revenue of $789.08 million for the quarter, compared to analyst estimates of $768.49 million. During the same quarter in the prior year, the business earned $1.62 earnings per share. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. Veeva Systems has set its Q3 2026 guidance at 1.940-1.950 EPS. FY 2026 guidance at 7.780-7.780 EPS. Equities research analysts expect that Veeva Systems Inc. will post 4.35 EPS for the current year.

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.