17 Capital Partners LLC Grows Stake in Veeva Systems Inc. $VEEV

17 Capital Partners LLC grew its stake in shares of Veeva Systems Inc. (NYSE:VEEV) by 103.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,673 shares of the technology company’s stock after acquiring an additional 1,870 shares during the quarter. 17 Capital Partners LLC’s holdings in Veeva Systems were worth $1,058,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mizuho Securities Co. Ltd. bought a new stake in Veeva Systems during the 2nd quarter valued at about $144,000. Westfield Capital Management Co. LP purchased a new stake in shares of Veeva Systems during the second quarter valued at approximately $65,247,000. Ensign Peak Advisors Inc increased its position in shares of Veeva Systems by 21.6% during the second quarter. Ensign Peak Advisors Inc now owns 117,325 shares of the technology company’s stock valued at $33,787,000 after acquiring an additional 20,818 shares in the last quarter. FineMark National Bank & Trust increased its position in shares of Veeva Systems by 21.3% during the second quarter. FineMark National Bank & Trust now owns 2,674 shares of the technology company’s stock valued at $770,000 after acquiring an additional 470 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Veeva Systems by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 14,971,425 shares of the technology company’s stock worth $4,311,471,000 after acquiring an additional 210,859 shares during the last quarter. Institutional investors own 88.20% of the company’s stock.

Insider Buying and Selling at Veeva Systems

In other news, SVP Jonathan Faddis sold 720 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $298.12, for a total transaction of $214,646.40. Following the completion of the sale, the senior vice president owned 7,868 shares of the company’s stock, valued at $2,345,608.16. The trade was a 8.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of the company’s stock in a transaction on 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 sale, the insider owned 25,325 shares of the company’s stock, valued at $7,765,151.50. This trade represents a 19.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 24,665 shares of company stock valued at $7,438,000. Insiders own 10.30% of the company’s stock.

Veeva Systems Stock Performance

VEEV stock opened at $273.21 on Thursday. The company has a market cap of $44.78 billion, a price-to-earnings ratio of 56.10, a P/E/G ratio of 2.22 and a beta of 0.98. The business’s 50-day moving average is $288.57 and its two-hundred day moving average is $278.53. Veeva Systems Inc. has a fifty-two week low of $201.54 and a fifty-two week high of $310.50.

Veeva Systems (NYSE:VEEV) last released its quarterly 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 net margin of 27.29% and a return on equity of 13.72%. The business had revenue of $789.08 million for the quarter, compared to analysts’ expectations of $768.49 million. During the same period in the previous year, the company earned $1.62 EPS. Veeva Systems’s revenue for the quarter was up 16.7% compared to the same quarter last year. Veeva Systems has set its Q3 2026 guidance at 1.940-1.950 EPS. FY 2026 guidance at 7.780-7.780 EPS. Equities analysts predict that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Wall Street Analyst Weigh In

VEEV has been the topic of several recent analyst reports. Morgan Stanley increased their target price on Veeva Systems from $210.00 to $222.00 and gave the company an “underweight” rating in a research note on Thursday, August 28th. Mizuho increased their price objective on Veeva Systems from $295.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Canaccord Genuity Group lifted their price objective on Veeva Systems from $270.00 to $300.00 and gave the stock a “hold” rating in a report on Thursday, August 28th. BMO Capital Markets began coverage on Veeva Systems in a research report on Thursday, November 13th. They issued a “market perform” rating and a $300.00 target price for the company. Finally, Citigroup raised their price target 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. Seventeen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Veeva Systems currently has an average rating of “Moderate Buy” and a consensus price target of $307.28.

Veeva Systems Profile

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.