Maryland State Retirement & Pension System Boosts Position in Veeva Systems Inc. $VEEV

Maryland State Retirement & Pension System boosted its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 4.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,174 shares of the technology company’s stock after acquiring an additional 279 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Veeva Systems were worth $2,066,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Abound Financial LLC purchased a new stake in Veeva Systems during the first quarter valued at $25,000. ORG Partners LLC purchased a new stake in Veeva Systems during the first quarter valued at $26,000. Maseco LLP purchased a new stake in Veeva Systems during the second quarter valued at $35,000. Golden State Wealth Management LLC increased its position in Veeva Systems by 152.9% during the first quarter. Golden State Wealth Management LLC now owns 129 shares of the technology company’s stock valued at $30,000 after acquiring an additional 78 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Veeva Systems during the first quarter valued at about $32,000. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Veeva Systems Stock Down 3.8%

NYSE VEEV opened at $287.04 on Friday. The firm has a market cap of $47.05 billion, a price-to-earnings ratio of 58.94, a price-to-earnings-growth ratio of 2.31 and a beta of 0.98. The business has a 50-day moving average price of $282.91 and a 200-day moving average price of $264.86. Veeva Systems Inc. has a twelve month low of $201.54 and a twelve month high of $310.50.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Wednesday, August 27th. The technology company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.64). The business had revenue of $789.08 million during the quarter, compared to the consensus estimate of $768.49 million. Veeva Systems had a return on equity of 13.72% and a net margin of 27.29%.The business’s revenue was up 16.7% on a year-over-year basis. During the same period last year, the company earned $1.62 EPS. Veeva Systems has set its Q3 2026 guidance at 1.940-1.950 EPS. FY 2026 guidance at 7.780-7.780 EPS. Research analysts expect that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wall Street Zen raised Veeva Systems from a “hold” rating to a “buy” rating in a report on Saturday. Evercore ISI boosted their price target on Veeva Systems from $285.00 to $295.00 and gave the company an “in-line” rating in a report on Thursday, August 28th. Stifel Nicolaus boosted their price target on Veeva Systems from $295.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Veeva Systems in a report on Wednesday. Finally, Raymond James Financial reissued an “outperform” rating and set a $340.00 price target (up previously from $310.00) on shares of Veeva Systems in a report on Thursday, August 28th. Sixteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $307.58.

Insider Buying and Selling

In related news, SVP Jonathan Faddis sold 720 shares of the business’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $298.12, for a total value of $214,646.40. Following the sale, the senior vice president directly owned 7,868 shares in the company, valued at approximately $2,345,608.16. The trade was a 8.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of the business’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $306.62, for a total value of $1,839,720.00. Following the completion of the sale, the insider owned 25,325 shares in the company, valued at $7,765,151.50. This represents a 19.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,665 shares of company stock worth $7,438,000. Corporate insiders own 10.30% of the company’s stock.

About Veeva Systems

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.