Wealth Enhancement Advisory Services LLC Acquires 11,842 Shares of Veeva Systems Inc. $VEEV

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Veeva Systems Inc. (NYSE:VEEV) by 44.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,454 shares of the technology company’s stock after buying an additional 11,842 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Veeva Systems were worth $11,775,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in Veeva Systems during the second quarter valued at about $384,265,000. Durable Capital Partners LP bought a new position in shares of Veeva Systems during the 2nd quarter worth approximately $281,351,000. AQR Capital Management LLC boosted its position in shares of Veeva Systems by 111.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,838,046 shares of the technology company’s stock worth $526,508,000 after purchasing an additional 969,905 shares in the last quarter. Schroder Investment Management Group grew its stake in Veeva Systems by 1,039.4% during the 2nd quarter. Schroder Investment Management Group now owns 1,014,974 shares of the technology company’s stock worth $292,292,000 after buying an additional 925,896 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its position in Veeva Systems by 423.8% during the 2nd quarter. Los Angeles Capital Management LLC now owns 841,303 shares of the technology company’s stock valued at $242,278,000 after buying an additional 680,702 shares in the last quarter. 88.20% of the stock is owned by institutional investors.

Veeva Systems Stock Performance

Veeva Systems stock opened at $221.87 on Friday. The company has a market cap of $36.47 billion, a P/E ratio of 43.16, a price-to-earnings-growth ratio of 1.66 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. The business has a fifty day moving average of $232.59 and a two-hundred day moving average of $267.03.

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

Veeva Systems announced that its board has initiated a stock buyback plan on Monday, January 5th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 5.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity at Veeva Systems

In other news, insider Thomas D. Schwenger sold 1,000 shares of the stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $231.43, for a total transaction of $231,430.00. Following the completion of the transaction, the insider directly owned 23,204 shares in the company, valued at approximately $5,370,101.72. This represents a 4.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 10.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. KeyCorp reissued a “sector weight” rating on shares of Veeva Systems in a report on Friday, December 12th. UBS Group decreased their price objective on shares of Veeva Systems from $310.00 to $280.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Citigroup decreased their price target on shares of Veeva Systems from $349.00 to $319.00 and set a “buy” rating for the company in a report on Monday, November 24th. Jefferies Financial Group restated a “buy” rating and set a $330.00 price objective on shares of Veeva Systems in a research note on Monday, November 24th. Finally, TD Cowen raised shares of Veeva Systems from a “hold” rating to a “buy” rating and increased their price target for the stock from $297.00 to $380.00 in a report on Tuesday, October 7th. Eighteen analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $308.04.

About Veeva Systems

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.