Veeva Systems Inc. $VEEV Shares Purchased by Advisors Capital Management LLC

Advisors Capital Management LLC raised its holdings in Veeva Systems Inc. (NYSE:VEEV) by 6.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,520 shares of the technology company’s stock after acquiring an additional 216 shares during the quarter. Advisors Capital Management LLC’s holdings in Veeva Systems were worth $1,014,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in VEEV. Trust Co. of Toledo NA OH acquired a new stake in shares of Veeva Systems in the 2nd quarter worth approximately $29,000. Legacy Investment Solutions LLC acquired a new stake in Veeva Systems in the second quarter valued at $32,000. Maseco LLP purchased a new position in shares of Veeva Systems in the second quarter valued at $35,000. Ameritas Advisory Services LLC acquired a new position in shares of Veeva Systems during the 2nd quarter worth $68,000. Finally, ORG Partners LLC boosted its position in shares of Veeva Systems by 176.3% in the 2nd quarter. ORG Partners LLC now owns 315 shares of the technology company’s stock worth $89,000 after buying an additional 201 shares in the last quarter. 88.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on VEEV shares. Oppenheimer restated an “outperform” rating and set a $325.00 target price on shares of Veeva Systems in a report on Thursday, August 28th. Piper Sandler lifted their price objective on Veeva Systems from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Raymond James Financial reiterated an “outperform” rating and set a $340.00 target price (up previously from $310.00) on shares of Veeva Systems in a report on Thursday, August 28th. Canaccord Genuity Group upped their price objective on Veeva Systems from $270.00 to $300.00 and gave the company a “hold” rating in a research report on Thursday, August 28th. Finally, Wall Street Zen lowered Veeva Systems from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Seventeen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $307.28.

Insider Activity

In other Veeva Systems news, insider Thomas D. Schwenger sold 3,350 shares of the company’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total transaction of $1,005,134.00. Following the completion of the sale, the insider directly owned 23,773 shares in the company, valued at $7,132,850.92. This represents a 12.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $306.62, for a total value of $1,839,720.00. Following the completion of the transaction, the insider owned 25,325 shares in the company, valued at approximately $7,765,151.50. This trade represents a 19.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 24,665 shares of company stock valued at $7,438,000 in the last ninety days. Company insiders own 10.30% of the company’s stock.

Veeva Systems Trading Up 0.5%

Shares of NYSE:VEEV opened at $293.24 on Friday. The firm has a market cap of $48.06 billion, a price-to-earnings ratio of 60.21, a PEG ratio of 2.22 and a beta of 0.98. The stock’s 50-day moving average price is $288.89 and its two-hundred day moving average price is $277.67. Veeva Systems Inc. has a 12-month low of $201.54 and a 12-month high of $310.50.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Wednesday, August 27th. The technology company reported $1.26 earnings per share 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 company had revenue of $789.08 million for the quarter, compared to analysts’ expectations of $768.49 million. During the same quarter in the previous year, the company earned $1.62 earnings per share. The company’s 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. As a group, research analysts forecast that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal 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.