Chicago Capital LLC Trims Position in Veeva Systems Inc. $VEEV

Chicago Capital LLC trimmed its holdings in Veeva Systems Inc. (NYSE:VEEV) by 1.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 281,249 shares of the technology company’s stock after selling 3,089 shares during the period. Veeva Systems accounts for approximately 1.6% of Chicago Capital LLC’s portfolio, making the stock its 20th largest position. Chicago Capital LLC owned about 0.17% of Veeva Systems worth $62,783,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VEEV. GPS Wealth Strategies Group LLC raised its holdings in shares of Veeva Systems by 196.4% in the third quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock valued at $25,000 after buying an additional 55 shares during the last quarter. Board of the Pension Protection Fund purchased a new stake in shares of Veeva Systems in the fourth quarter valued at about $27,000. Raiffeisen Bank International AG purchased a new stake in shares of Veeva Systems in the third quarter valued at about $28,000. Newbridge Financial Services Group Inc. raised its holdings in shares of Veeva Systems by 322.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 131 shares of the technology company’s stock valued at $29,000 after buying an additional 100 shares during the last quarter. Finally, OLD Second National Bank of Aurora purchased a new stake in shares of Veeva Systems in the third quarter valued at about $30,000. 88.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Priscilla Hung sold 750 shares of the business’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $153.50, for a total transaction of $115,125.00. Following the sale, the director owned 4,003 shares of the company’s stock, valued at approximately $614,460.50. The trade was a 15.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 10.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Veeva Systems from $333.00 to $317.00 and set an “overweight” rating for the company in a report on Thursday, March 5th. The Goldman Sachs Group assumed coverage on shares of Veeva Systems in a research note on Tuesday, January 13th. They set a “sell” rating and a $215.00 price target on the stock. Weiss Ratings lowered shares of Veeva Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Piper Sandler dropped their price target on shares of Veeva Systems from $355.00 to $285.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. Finally, Zacks Research upgraded shares of Veeva Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $278.70.

Veeva Systems Trading Up 0.2%

VEEV stock opened at $168.05 on Friday. The company has a market cap of $27.45 billion, a P/E ratio of 31.06, a P/E/G ratio of 1.10 and a beta of 1.10. Veeva Systems Inc. has a 52 week low of $148.05 and a 52 week high of $310.50. The company’s 50-day moving average price is $177.89 and its 200 day moving average price is $225.80.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Wednesday, March 4th. The technology company reported $2.06 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 the consensus estimate of $810.95 million. Veeva Systems had a net margin of 28.44% and a return on equity of 13.80%. The firm’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, equities research analysts expect that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Veeva Systems announced that its Board of Directors has initiated a stock repurchase plan on Monday, January 5th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the technology company to buy up to 5.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Veeva Systems News Summary

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

• Positive Sentiment: Q1 beat and raised guidance — Veeva reported quarterly revenue ~3.1% above estimates and raised full‑year EPS guidance, highlighting strength in its life‑sciences cloud, data and consulting businesses; that surprise and guidance lift are the primary drivers behind the recent rally. Veeva Systems (VEEV) Is Up 10.9% After Beating Estimates And Raising EPS Guidance – What’s Changed
• Positive Sentiment: Zacks upgrade to Strong Buy — Zacks moved VEEV from Hold to Strong‑Buy (Rank #1), which can attract short‑term buyers and momentum flows, amplifying the post‑earnings move. Zacks.com
• Neutral Sentiment: Analyst/market skepticism — Several pieces note that while analysts remain broadly bullish, that consensus may already be priced in; these articles argue investors should weigh valuation versus growth and question how much incremental upside remains. Useful for positioning and timing decisions. Is It Worth Investing in Veeva (VEEV) Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Additional media coverage / framing — Coverage summarizing the Zacks upgrade and the earnings outcome may keep the stock elevated near term, but outlets also point out muted initial investor reaction — a signal to watch volume and follow‑through. All You Need to Know About Veeva (VEEV) Rating Upgrade to Strong Buy
• Neutral Sentiment: Broader market narratives (Michael Burry / SaaS themes) — Articles referencing investor interest in beaten‑down SaaS names or notable managers can shift sentiment if VeeV is mentioned, but these items are speculative unless tied to confirmed fund buys/sells. Michael Burry just snapped up these 3 stocks

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.