Catalyst Funds Management Pty Ltd Has $2.81 Million Position in Veeva Systems Inc. $VEEV

Catalyst Funds Management Pty Ltd cut its holdings in Veeva Systems Inc. (NYSE:VEEV) by 6.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,740 shares of the technology company’s stock after selling 660 shares during the period. Veeva Systems makes up approximately 0.8% of Catalyst Funds Management Pty Ltd’s portfolio, making the stock its 21st biggest position. Catalyst Funds Management Pty Ltd’s holdings in Veeva Systems were worth $2,805,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Trust Co. of Toledo NA OH bought a new stake in Veeva Systems in the second quarter worth approximately $29,000. Legacy Investment Solutions LLC acquired a new stake in shares of Veeva Systems during the 2nd quarter worth approximately $32,000. Maseco LLP bought a new stake in shares of Veeva Systems in the 2nd quarter valued at $35,000. Ameritas Advisory Services LLC acquired a new position in shares of Veeva Systems during the 2nd quarter valued at $68,000. Finally, ORG Partners LLC lifted its position in shares of Veeva Systems by 176.3% during the 2nd quarter. ORG Partners LLC now owns 315 shares of the technology company’s stock valued at $89,000 after acquiring an additional 201 shares during the period. Institutional investors own 88.20% of the company’s stock.

Insider Transactions at Veeva Systems

In related news, SVP Jonathan Faddis sold 720 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $298.12, for a total transaction of $214,646.40. Following the transaction, the senior vice president directly owned 7,868 shares in the company, valued at approximately $2,345,608.16. The trade was a 8.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of the stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the completion of the sale, the insider owned 25,325 shares of the company’s stock, valued at approximately $7,765,151.50. This trade represents a 19.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,665 shares of company stock worth $7,438,000 in the last quarter. 10.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on VEEV shares. Weiss Ratings restated a “hold (c+)” rating on shares of Veeva Systems in a report on Wednesday, October 8th. Stifel Nicolaus boosted their target price on Veeva Systems from $295.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. raised Veeva Systems from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $290.00 to $330.00 in a research note on Monday, September 8th. TD Cowen raised Veeva Systems from a “hold” rating to a “buy” rating and raised their price objective for the company from $297.00 to $380.00 in a research note on Tuesday, October 7th. Finally, Truist Financial boosted their price objective on Veeva Systems from $268.00 to $275.00 and gave the company a “hold” rating in a report on Thursday, August 28th. Seventeen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $307.28.

Veeva Systems Stock Performance

Shares of VEEV opened at $273.21 on Thursday. The firm has a market capitalization of $44.78 billion, a P/E ratio of 56.10, a P/E/G ratio of 2.22 and a beta of 0.98. Veeva Systems Inc. has a 52 week low of $201.54 and a 52 week high of $310.50. The stock has a 50 day moving average price of $288.57 and a two-hundred day moving average price of $278.53.

Veeva Systems (NYSE:VEEV) last posted its earnings results on Wednesday, August 27th. The technology company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.64). Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The company had revenue of $789.08 million during the quarter, compared to the consensus estimate of $768.49 million. During the same quarter in the prior year, the business earned $1.62 EPS. The firm’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. On average, equities analysts forecast that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

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.