Veeva Systems Inc. $VEEV Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. grew its stake in shares of Veeva Systems Inc. (NYSE:VEEV) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,941,631 shares of the technology company’s stock after acquiring an additional 235,983 shares during the period. Veeva Systems comprises about 0.6% of Alliancebernstein L.P.’s holdings, making the stock its 29th biggest position. Alliancebernstein L.P. owned about 3.62% of Veeva Systems worth $1,770,071,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Jensen Investment Management Inc. grew its holdings in Veeva Systems by 1,924.5% in the third quarter. Jensen Investment Management Inc. now owns 413,213 shares of the technology company’s stock valued at $123,100,000 after purchasing an additional 392,802 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Veeva Systems by 11.2% in the third quarter. Principal Financial Group Inc. now owns 3,846,877 shares of the technology company’s stock valued at $1,146,040,000 after buying an additional 388,864 shares in the last quarter. Alphinity Investment Management Pty Ltd acquired a new position in shares of Veeva Systems during the 3rd quarter worth $422,241,000. Compass Wealth Management LLC acquired a new position in shares of Veeva Systems during the 3rd quarter worth $18,694,000. Finally, ABN AMRO Bank N.V. purchased a new stake in shares of Veeva Systems in the 3rd quarter worth about $246,625,000. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Veeva Systems Price Performance

NYSE:VEEV opened at $178.68 on Friday. The firm has a market cap of $29.37 billion, a PE ratio of 33.03, a P/E/G ratio of 1.23 and a beta of 1.09. The firm has a 50 day simple moving average of $199.82 and a 200-day simple moving average of $243.69. Veeva Systems Inc. has a 1-year low of $168.13 and a 1-year high of $310.50.

Veeva Systems (NYSE:VEEV) last announced its earnings results on Wednesday, March 4th. The technology company reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. The firm had revenue of $835.95 million for the quarter, compared to analyst estimates of $810.95 million. Veeva Systems had a net margin of 28.44% and a return on equity of 14.11%. Veeva Systems’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.74 earnings per share. Veeva Systems has set its FY 2027 guidance at 8.850- EPS and its Q1 2027 guidance at 2.130-2.14 EPS. As a group, sell-side analysts expect that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Veeva Systems announced that its Board of Directors has initiated a share repurchase program on Monday, January 5th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the technology company to purchase up to 5.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on VEEV shares. Morgan Stanley raised their target price on shares of Veeva Systems from $205.00 to $215.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Oppenheimer reduced their target price on Veeva Systems from $325.00 to $275.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. JPMorgan Chase & Co. lowered their target price on Veeva Systems from $330.00 to $296.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Piper Sandler dropped their price target on Veeva Systems from $355.00 to $285.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Finally, Canaccord Genuity Group cut their price target on Veeva Systems from $280.00 to $235.00 and set a “hold” rating for the company in a report on Thursday, March 5th. Seventeen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $283.70.

Key Stories Impacting Veeva Systems

Here are the key news stories impacting Veeva Systems this week:

• Positive Sentiment: Veeva agreed to acquire AI brand‑engagement platform Ostro for about $100M to expand AI‑powered engagement tools for life‑sciences customers — a direct revenue/product expansion play that supports Veeva’s AI roadmap and could boost growth over time. Veeva Acquires Ostro to Expand AI-Powered Engagement in Life Sciences
• Positive Sentiment: Some research benches still view Veeva as a long‑term growth name — Zacks highlights VEEV as a top growth stock for long‑term investors, reinforcing investor confidence in the company’s secular life‑sciences software exposure. Why Veeva Systems (VEEV) is a Top Growth Stock for the Long-Term
• Positive Sentiment: Wall Street Zen upgraded Veeva’s rating to Buy, adding another supportive analyst view that could help stabilize sentiment after recent target resets. Veeva Systems (NYSE:VEEV) Rating Increased to Buy at Wall Street Zen
• Neutral Sentiment: Analysts’ consensus remains a “Moderate Buy,” reflecting mixed but generally constructive analyst sentiment rather than a clear sell signal. Veeva Systems Inc. (NYSE:VEEV) Receives Consensus Rating of “Moderate Buy” from Analysts
• Negative Sentiment: Truist trimmed its price target to $262 (from $275) despite reiterating a Buy after Veeva’s strong Q4 — the cut reduces implied upside and can weigh on near‑term sentiment even as execution remains solid. Truist Trims PT on Veeva (VEEV) Following Strong Q4 Results
• Negative Sentiment: Fair‑value and model resets are appearing: one note trimmed its fair value from about $302.60 to $270.93, reflecting more measured assumptions on growth and margins — this recalibration contributes to downward pressure on targets. Reframing The Veeva Systems (VEEV) Narrative As Mixed Analyst Views Meet Strong Execution
• Negative Sentiment: Outlets (e.g., The Motley Fool) flag rising competition and potential execution risks — combined with recent broader software‑sector weakness this year, these concerns increase the risk of multiple compression. Is Veeva Systems a Multimillionaire-Maker Stock?

Insider Activity

In other news, insider Thomas D. Schwenger sold 1,000 shares of Veeva Systems stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $231.43, for a total value of $231,430.00. Following the completion of the sale, the insider owned 23,204 shares of the company’s stock, valued at $5,370,101.72. The trade was a 4.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.30% of the stock is owned by company insiders.

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.