Veeva Systems Inc. (NYSE:VEEV) Given Average Rating of “Moderate Buy” by Analysts

Shares of Veeva Systems Inc. (NYSE:VEEV) have been given an average rating of “Moderate Buy” by the twenty-six ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $308.0417.

VEEV has been the subject of several analyst reports. Citigroup cut their price objective on shares of Veeva Systems from $349.00 to $319.00 and set a “buy” rating for the company in a report on Monday, November 24th. Jefferies Financial Group restated a “buy” rating and set a $330.00 target price on shares of Veeva Systems in a research report on Monday, November 24th. Weiss Ratings lowered Veeva Systems from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. 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 on the stock. Finally, Needham & Company LLC reissued a “buy” rating and set a $355.00 price objective on shares of Veeva Systems in a report on Friday, November 21st.

Veeva Systems Price Performance

NYSE:VEEV opened at $174.42 on Tuesday. The company has a market capitalization of $28.67 billion, a P/E ratio of 33.93, a P/E/G ratio of 1.21 and a beta of 1.08. The business has a fifty day simple moving average of $214.85 and a two-hundred day simple moving average of $256.58. Veeva Systems has a 1 year low of $168.13 and a 1 year high of $310.50.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Thursday, November 20th. The technology company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.09. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The company had revenue of $0.81 million during the quarter, compared to the consensus estimate of $792.37 million. During the same quarter in the prior year, the company earned $1.75 EPS. The firm’s quarterly revenue 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, analysts anticipate that Veeva Systems will post 4.35 earnings per share for the current year.

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

Insider Activity

In related news, insider Thomas D. Schwenger sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total transaction of $231,430.00. Following the sale, the insider owned 23,204 shares of the company’s stock, valued at approximately $5,370,101.72. This represents a 4.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 10.30% of the company’s stock.

Institutional Investors Weigh In On Veeva Systems

Hedge funds have recently bought and sold shares of the stock. GPS Wealth Strategies Group LLC raised its position 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 valued at $25,000 after buying an additional 55 shares in the last quarter. Board of the Pension Protection Fund bought a new position in Veeva Systems in the fourth quarter valued at $27,000. Raiffeisen Bank International AG purchased a new stake in Veeva Systems during the third quarter valued at about $28,000. Newbridge Financial Services Group Inc. lifted its stake in Veeva Systems by 322.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 131 shares of the technology company’s stock worth $29,000 after purchasing an additional 100 shares during the last quarter. Finally, Activest Wealth Management lifted its stake in Veeva Systems by 3,175.0% during the fourth quarter. Activest Wealth Management now owns 131 shares of the technology company’s stock worth $29,000 after purchasing an additional 127 shares during the last quarter. 88.20% of the stock is currently owned by institutional investors.

Veeva Systems Company 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.