Bank Hapoalim BM Has $4.10 Million Position in Veeva Systems Inc. $VEEV

Bank Hapoalim BM cut its position in Veeva Systems Inc. (NYSE:VEEV) by 34.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,773 shares of the technology company’s stock after selling 7,130 shares during the period. Bank Hapoalim BM’s holdings in Veeva Systems were worth $4,103,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VEEV. Trust Co. of Toledo NA OH bought a new position in Veeva Systems during the second quarter worth about $29,000. OLD Second National Bank of Aurora bought a new position in shares of Veeva Systems during the 3rd quarter valued at about $30,000. Legacy Investment Solutions LLC bought a new position in shares of Veeva Systems during the 2nd quarter valued at about $32,000. Maseco LLP bought a new stake in Veeva Systems during the 2nd quarter worth approximately $35,000. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in Veeva Systems by 58.3% during the 2nd 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 during the period. 88.20% of the stock is owned by institutional investors.

Insider Activity at Veeva Systems

In related news, insider Thomas D. Schwenger sold 1,000 shares of the stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total value of $231,430.00. Following the sale, the insider directly owned 23,204 shares of the company’s stock, valued at approximately $5,370,101.72. This represents a 4.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.30% of the stock is owned by corporate insiders.

Veeva Systems Stock Performance

VEEV stock opened at $222.25 on Friday. The company has a fifty day moving average of $240.03 and a 200-day moving average of $268.98. The stock has a market capitalization of $36.53 billion, a PE ratio of 43.24, a price-to-earnings-growth ratio of 1.64 and a beta of 1.07. Veeva Systems Inc. has a one year low of $201.54 and a one year high of $310.50.

Veeva Systems (NYSE:VEEV) last released its earnings results on Thursday, November 20th. The technology company reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.09. The company had revenue of $0.81 million during the quarter, compared to the consensus estimate of $792.37 million. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.Veeva Systems’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.75 earnings per share. 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. Equities analysts forecast that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Veeva Systems declared that its Board of Directors has approved a share repurchase plan on Monday, January 5th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the technology company to reacquire up to 5.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VEEV. Robert W. Baird increased their price objective on shares of Veeva Systems from $314.00 to $319.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. BMO Capital Markets initiated coverage on Veeva Systems in a report on Thursday, November 13th. They set a “market perform” rating and a $300.00 target price for the company. TD Cowen raised Veeva Systems from a “hold” rating to a “buy” rating and lifted their price target for the company from $297.00 to $380.00 in a research note on Tuesday, October 7th. Wall Street Zen lowered Veeva Systems from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Finally, BTIG Research reissued a “buy” rating and issued a $340.00 target price on shares of Veeva Systems in a research report on Friday, November 21st. Eighteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $308.04.

Veeva Systems Profile

Veeva Systems (NYSE: VEEV) is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.

Veeva’s product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.