Dnca Finance Has $9.50 Million Position in Veeva Systems Inc. $VEEV

Dnca Finance cut its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 22.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,975 shares of the technology company’s stock after selling 9,425 shares during the quarter. Dnca Finance’s holdings in Veeva Systems were worth $9,496,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH acquired a new stake in shares of Veeva Systems during the 2nd quarter worth approximately $29,000. Legacy Investment Solutions LLC bought a new position in Veeva Systems in the second quarter worth $32,000. Maseco LLP bought a new position in Veeva Systems in the second quarter worth $35,000. Cary Street Partners Investment Advisory LLC boosted its stake in Veeva Systems by 58.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 133 shares of the technology company’s stock worth $38,000 after buying an additional 49 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in Veeva Systems in the 2nd quarter valued at $41,000. 88.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VEEV has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $355.00 price objective on shares of Veeva Systems in a report on Friday, November 21st. Wells Fargo & Company cut their price target on shares of Veeva Systems from $341.00 to $333.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Raymond James Financial reiterated an “outperform” rating and issued a $340.00 price objective (up from $310.00) on shares of Veeva Systems in a research note on Thursday, August 28th. UBS Group dropped their target price on Veeva Systems from $310.00 to $280.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Finally, Truist Financial boosted their price target on Veeva Systems from $268.00 to $275.00 and gave the company a “hold” rating in a research note on Thursday, August 28th. Nineteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $307.42.

Veeva Systems Price Performance

Shares of VEEV opened at $242.06 on Friday. The company has a market capitalization of $39.79 billion, a P/E ratio of 47.09, a PEG ratio of 1.80 and a beta of 1.05. Veeva Systems Inc. has a one year low of $201.54 and a one year high of $310.50. The business’s 50 day simple moving average is $280.03 and its 200-day simple moving average is $278.86.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Thursday, November 20th. The technology company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.09. The firm had revenue of $0.81 million during the quarter, compared to analysts’ expectations of $792.37 million. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The business’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm posted $1.75 EPS. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS and its Q4 2026 guidance at 1.920-1.920 EPS. On average, sell-side analysts anticipate that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Insider Buying and Selling

In other Veeva Systems news, insider Thomas D. Schwenger sold 3,350 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $300.04, for a total transaction of $1,005,134.00. Following the sale, the insider owned 23,773 shares of the company’s stock, valued at $7,132,850.92. This represents a 12.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of the business’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the completion of the transaction, the insider directly owned 25,325 shares of the company’s stock, valued at approximately $7,765,151.50. This represents a 19.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,665 shares of company stock worth $7,438,000 in the last 90 days. Corporate insiders own 10.30% of the company’s stock.

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.