Caerus Investment Advisors LLC Invests $994,000 in Veeva Systems Inc. $VEEV

Caerus Investment Advisors LLC bought a new stake in Veeva Systems Inc. (NYSE:VEEV) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,335 shares of the technology company’s stock, valued at approximately $994,000.

Other large investors have also added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC boosted its position in Veeva Systems by 196.4% in 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 during the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Veeva Systems during the third quarter worth about $28,000. OLD Second National Bank of Aurora purchased a new stake in shares of Veeva Systems during the third quarter worth about $30,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Veeva Systems by 58.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 133 shares of the technology company’s stock worth $38,000 after acquiring an additional 49 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Veeva Systems in the second quarter worth about $41,000. 88.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VEEV has been the subject of a number of recent analyst reports. Oppenheimer lowered their price objective on Veeva Systems from $325.00 to $275.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. BTIG Research reiterated a “buy” rating and set a $340.00 target price on shares of Veeva Systems in a research note on Friday, November 21st. Canaccord Genuity Group decreased their price target on shares of Veeva Systems from $280.00 to $235.00 and set a “hold” rating for the company in a research report on Thursday, March 5th. Stifel Nicolaus lifted their price target on shares of Veeva Systems from $212.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Finally, Morgan Stanley upped their price target on shares of Veeva Systems from $205.00 to $215.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Seventeen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Veeva Systems currently has a consensus rating of “Moderate Buy” and an average price target of $283.70.

Insider Buying and Selling

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,000 shares of the business’s stock in a transaction 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 completion of the sale, the insider owned 23,204 shares in the company, valued at $5,370,101.72. The trade was a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.30% of the stock is currently owned by corporate insiders.

Veeva Systems Stock Up 0.7%

Shares of Veeva Systems stock opened at $186.51 on Wednesday. The firm has a market cap of $30.66 billion, a P/E ratio of 34.47, a P/E/G ratio of 1.23 and a beta of 1.09. Veeva Systems Inc. has a fifty-two week low of $168.13 and a fifty-two week high of $310.50. The business has a 50-day moving average price of $198.07 and a 200 day moving average price of $242.14.

Veeva Systems (NYSE:VEEV) last released its earnings results on Wednesday, March 4th. The technology company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. The company had revenue of $835.95 million for the quarter, compared to the consensus estimate of $810.95 million. Veeva Systems had a return on equity of 14.11% and a net margin of 28.44%.Veeva Systems’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business posted $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 anticipate that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Veeva Systems announced that its board 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 buy up to 5.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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.