Compass Wealth Management LLC Makes New $18.69 Million Investment in Veeva Systems Inc. $VEEV

Compass Wealth Management LLC purchased a new position in Veeva Systems Inc. (NYSE:VEEV) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 62,751 shares of the technology company’s stock, valued at approximately $18,694,000. Veeva Systems comprises approximately 2.8% of Compass Wealth Management LLC’s holdings, making the stock its 11th largest position.

A number of other large investors have also recently made changes to their positions in the stock. Trust Co. of Toledo NA OH acquired a new position in shares of Veeva Systems in the 2nd quarter valued at $29,000. OLD Second National Bank of Aurora purchased a new stake in Veeva Systems during the 3rd quarter valued at about $30,000. Legacy Investment Solutions LLC acquired a new position in shares of Veeva Systems in the second quarter valued at about $32,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of Veeva Systems by 58.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 133 shares of the technology company’s stock worth $38,000 after purchasing an additional 49 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Veeva Systems during the second quarter worth about $41,000. 88.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 transaction, the insider owned 23,204 shares in the company, valued at $5,370,101.72. This trade represents a 4.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 10.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on VEEV. The Goldman Sachs Group initiated coverage on shares of Veeva Systems in a research report on Tuesday, January 13th. They set a “sell” rating and a $215.00 price target for the company. BTIG Research reissued a “buy” rating and set a $340.00 target price on shares of Veeva Systems in a report on Friday, November 21st. Needham & Company LLC restated a “buy” rating and set a $355.00 target price on shares of Veeva Systems in a research report on Friday, November 21st. Jefferies Financial Group reaffirmed a “buy” rating and set a $330.00 price target on shares of Veeva Systems in a research report on Monday, November 24th. Finally, Wells Fargo & Company decreased their price objective on Veeva Systems from $341.00 to $333.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Eighteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Veeva Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $308.04.

Veeva Systems Stock Up 0.8%

VEEV stock opened at $223.72 on Tuesday. Veeva Systems Inc. has a 52-week low of $201.54 and a 52-week high of $310.50. The firm has a market cap of $36.78 billion, a P/E ratio of 43.53, a PEG ratio of 1.64 and a beta of 1.07. The company’s 50-day simple moving average is $231.51 and its 200-day simple moving average is $266.40.

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, topping analysts’ consensus estimates of $1.95 by $0.09. The company 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%.Veeva Systems’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior 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, analysts anticipate that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

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

Veeva Systems Company 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.