AEGON ASSET MANAGEMENT UK Plc Reduces Position in Veeva Systems Inc. $VEEV

AEGON ASSET MANAGEMENT UK Plc trimmed its holdings in Veeva Systems Inc. (NYSE:VEEV) by 37.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 74,943 shares of the technology company’s stock after selling 44,906 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in Veeva Systems were worth $22,334,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Veeva Systems by 1.4% in the second quarter. Vanguard Group Inc. now owns 14,971,425 shares of the technology company’s stock worth $4,311,471,000 after purchasing an additional 210,859 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Veeva Systems by 3.7% in the second quarter. Alliancebernstein L.P. now owns 5,705,648 shares of the technology company’s stock worth $1,643,113,000 after purchasing an additional 205,997 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Veeva Systems by 2.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,316,274 shares of the technology company’s stock worth $955,030,000 after buying an additional 85,516 shares during the period. Geode Capital Management LLC lifted its holdings in Veeva Systems by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 3,092,539 shares of the technology company’s stock valued at $888,108,000 after buying an additional 114,003 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in 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 valued at $526,508,000 after buying an additional 969,905 shares during the period. 88.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VEEV has been the subject of several research analyst reports. Truist Financial raised shares of Veeva Systems from a “hold” rating to a “buy” rating in a research note on Thursday, January 8th. William Blair restated an “outperform” rating on shares of Veeva Systems in a report on Friday, October 17th. The Goldman Sachs Group began coverage on Veeva Systems in a research report on Tuesday, January 13th. They set a “sell” rating and a $215.00 target price for the company. Wall Street Zen downgraded Veeva Systems from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, Canaccord Genuity Group restated a “buy” rating on shares of Veeva Systems in a report on Tuesday, November 25th. Eighteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Veeva Systems presently has a consensus rating of “Moderate Buy” and an average target price of $308.04.

Veeva Systems Stock Down 1.5%

Shares of Veeva Systems stock opened at $221.87 on Monday. The company has a market cap of $36.47 billion, a P/E ratio of 43.16, a PEG ratio of 1.64 and a beta of 1.07. The firm’s 50 day moving average price is $232.59 and its 200-day moving average price is $266.81. Veeva Systems Inc. has a 52-week low of $201.54 and a 52-week high of $310.50.

Veeva Systems (NYSE:VEEV) last posted its earnings results on Thursday, November 20th. The technology company reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.09. Veeva Systems had a net margin of 27.93% and a return on equity of 13.68%. The company had revenue of $0.81 million during the quarter, compared to analysts’ expectations of $792.37 million. During the same quarter in the prior year, the company posted $1.75 earnings per share. Veeva Systems’s revenue for the quarter was up 16.0% compared to the same quarter last year. 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. As a group, equities research analysts forecast that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Veeva Systems declared that its Board of Directors has approved a stock buyback plan on Monday, January 5th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 5.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,000 shares of the stock in a transaction dated 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 directly owned 23,204 shares in the company, valued at approximately $5,370,101.72. This trade represents a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 10.30% of the company’s stock.

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.