Veeva Systems (NYSE:VEEV) Upgraded at Zacks Research

Zacks Research upgraded shares of Veeva Systems (NYSE:VEEV) from a hold rating to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

VEEV has been the subject of several other research reports. UBS Group boosted their price objective on shares of Veeva Systems from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. The Goldman Sachs Group assumed coverage on shares of Veeva Systems in a research report on Tuesday, January 13th. They set a “sell” rating and a $215.00 price objective for the company. Citigroup downgraded shares of Veeva Systems from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $291.00 to $176.00 in a research report on Friday, April 10th. Stifel Nicolaus boosted their price objective on shares of Veeva Systems from $212.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Veeva Systems from $330.00 to $296.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $278.70.

Veeva Systems Trading Up 0.2%

Shares of NYSE:VEEV opened at $168.05 on Wednesday. The company has a market capitalization of $27.45 billion, a PE ratio of 31.06, a P/E/G ratio of 1.10 and a beta of 1.10. Veeva Systems has a twelve month low of $148.05 and a twelve month high of $310.50. The firm has a 50 day simple moving average of $177.89 and a 200-day simple moving average of $225.80.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings data on Wednesday, March 4th. The technology company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.12. The business had revenue of $835.95 million during 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 company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.74 EPS. 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, equities research analysts predict that Veeva Systems will post 4.35 EPS for the current fiscal year.

Veeva Systems announced that its board has approved a stock 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 stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Veeva Systems news, Director Priscilla Hung sold 750 shares of the company’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $153.50, for a total transaction of $115,125.00. Following the completion of the transaction, the director owned 4,003 shares in the company, valued at approximately $614,460.50. This represents a 15.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 10.30% of the company’s stock.

Hedge Funds Weigh In On Veeva Systems

A number of large investors have recently bought and sold shares of the company. GPS Wealth Strategies Group LLC grew its stake in shares of Veeva Systems by 196.4% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock worth $25,000 after purchasing an additional 55 shares during the period. Raiffeisen Bank International AG acquired a new position in shares of Veeva Systems during the 3rd quarter worth $28,000. OLD Second National Bank of Aurora acquired a new stake in Veeva Systems in the 3rd quarter valued at about $30,000. SHP Wealth Management acquired a new stake in Veeva Systems in the 4th quarter valued at about $26,000. Finally, Board of the Pension Protection Fund acquired a new stake in Veeva Systems in the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Veeva Systems News Roundup

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

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.