JPMorgan Chase & Co. Has Lowered Expectations for Veeva Systems (NYSE:VEEV) Stock Price

Veeva Systems (NYSE:VEEV) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from $330.00 to $296.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 64.03% from the stock’s current price.

VEEV has been the subject of a number of other research reports. Wall Street Zen cut shares of Veeva Systems from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Canaccord Genuity Group reissued a “buy” rating on shares of Veeva Systems in a research report on Tuesday, November 25th. Robert W. Baird boosted their price target on shares of Veeva Systems from $314.00 to $319.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. UBS Group cut their price objective on Veeva Systems from $280.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, KeyCorp reiterated a “sector weight” rating on shares of Veeva Systems in a report on Friday, December 12th. Eighteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $302.58.

Veeva Systems Stock Down 1.2%

VEEV opened at $180.45 on Friday. Veeva Systems has a 52 week low of $168.13 and a 52 week high of $310.50. The business has a fifty day simple moving average of $211.00 and a 200-day simple moving average of $253.90. The firm has a market cap of $29.66 billion, a P/E ratio of 35.11, a P/E/G ratio of 1.25 and a beta of 1.08.

Veeva Systems (NYSE:VEEV) last posted its earnings results on Thursday, November 20th. The technology company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.09. The firm had revenue of $0.81 million for the quarter, compared to analyst estimates of $792.37 million. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.Veeva Systems’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.75 EPS. Sell-side analysts expect 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 repurchase program on Monday, January 5th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the technology company to reacquire up to 5.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,000 shares of the stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total value of $231,430.00. Following the transaction, the insider directly owned 23,204 shares in the company, valued at $5,370,101.72. This represents a 4.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VEEV. Sivia Capital Partners LLC grew its holdings in shares of Veeva Systems by 225.9% during the second quarter. Sivia Capital Partners LLC now owns 3,122 shares of the technology company’s stock worth $899,000 after purchasing an additional 2,164 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of Veeva Systems in the 2nd quarter valued at about $32,000. Mutual of America Capital Management LLC grew its stake in Veeva Systems by 15.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 4,131 shares of the technology company’s stock worth $1,190,000 after buying an additional 554 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in Veeva Systems during the 2nd quarter worth approximately $361,000. Finally, Brookstone Capital Management increased its position in Veeva Systems by 9.0% during the second quarter. Brookstone Capital Management now owns 1,293 shares of the technology company’s stock worth $372,000 after buying an additional 107 shares during the period. Institutional investors and hedge funds own 88.20% of the company’s stock.

Key Headlines Impacting Veeva Systems

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

• Positive Sentiment: RBC Capital reiterated its Buy stance on VEEV, signaling continued institutional confidence in Veeva’s growth profile and commercial software exposure. RBC Sticks to Buy
• Positive Sentiment: Morgan Stanley upgraded VEEV (upgrade reported), adding upward analyst support that can attract buyers who follow institutional ratings. Morgan Stanley Upgrade
• Positive Sentiment: Veeva closed higher in the most recent session, showing short-term buying interest after recent weakness. Veeva Closes Higher
• Neutral Sentiment: JPMorgan trimmed its price target from $330 to $296 but kept an Overweight rating — a signal that the bank still sees upside even while moderating expectations. JPMorgan PT Cut
• Neutral Sentiment: UBS lowered its target from $280 to $200 and moved to a Neutral rating — reducing near-term upside from that shop and likely tempering enthusiasm from UBS-following investors. UBS PT Cut
• Neutral Sentiment: Analyst/opinion pieces weigh two reasons to like VEEV (platform strength, recurring revenue) against one concern — signaling a balanced view for investors considering re-entry after recent losses. 2 Reasons to Like VEEV
• Negative Sentiment: Asset managers cite a broader sector rotation out of technology and software, which has pressured Veeva alongside peers — a macro/flow-driven headwind that can keep volatility elevated. Sector Rotation

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.