Veeva Systems Inc. $VEEV Shares Sold by ABN Amro Investment Solutions

ABN Amro Investment Solutions decreased its holdings in Veeva Systems Inc. (NYSE:VEEV) by 4.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,802 shares of the technology company’s stock after selling 3,001 shares during the quarter. ABN Amro Investment Solutions’ holdings in Veeva Systems were worth $17,816,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Jensen Investment Management Inc. raised its stake in shares of Veeva Systems by 1,924.5% in the 3rd 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 in the last quarter. Principal Financial Group Inc. grew its stake in shares of Veeva Systems by 11.2% in the 3rd quarter. Principal Financial Group Inc. now owns 3,846,877 shares of the technology company’s stock worth $1,146,040,000 after purchasing an additional 388,864 shares during the last quarter. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Veeva Systems during the third quarter valued at $422,241,000. Compass Wealth Management LLC purchased a new position in Veeva Systems during the 3rd quarter worth approximately $18,694,000. Finally, ABN AMRO Bank N.V. purchased a new position in Veeva Systems during the third quarter valued at approximately $246,625,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on VEEV shares. Weiss Ratings lowered Veeva Systems from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. BTIG Research reaffirmed a “buy” rating and set a $340.00 price objective on shares of Veeva Systems in a report on Friday, November 21st. Barclays lowered their price target on shares of Veeva Systems from $325.00 to $305.00 and set an “overweight” rating for the company in a report on Friday, November 21st. BMO Capital Markets began coverage on Veeva Systems in a research note on Thursday, November 13th. They set a “market perform” rating and a $300.00 price objective for the company. Finally, Citigroup decreased their price objective on Veeva Systems from $349.00 to $319.00 and set a “buy” rating for the company in a research report on Monday, November 24th. Eighteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Veeva Systems currently has an average rating of “Moderate Buy” and a consensus price target of $308.04.

Insiders Place Their Bets

In other news, insider Thomas D. Schwenger sold 1,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider owned 23,204 shares in the company, valued at $5,370,101.72. The trade was a 4.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 10.30% of the company’s stock.

Veeva Systems Stock Performance

Veeva Systems stock opened at $174.42 on Friday. Veeva Systems Inc. has a 52 week low of $168.13 and a 52 week high of $310.50. The stock has a market capitalization of $28.67 billion, a P/E ratio of 33.93, a price-to-earnings-growth ratio of 1.20 and a beta of 1.08. The stock has a fifty day moving average of $216.14 and a 200-day moving average of $257.56.

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

Veeva Systems announced that its board has authorized a share buyback plan on Monday, January 5th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the technology company to reacquire up to 5.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.