Blue Trust Inc. Purchases 98 Shares of Veeva Systems Inc. $VEEV

Blue Trust Inc. lifted its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 39.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 344 shares of the technology company’s stock after acquiring an additional 98 shares during the period. Blue Trust Inc.’s holdings in Veeva Systems were worth $99,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Sowell Financial Services LLC bought a new stake in Veeva Systems in the 1st quarter worth approximately $274,000. Crossmark Global Holdings Inc. purchased a new position in shares of Veeva Systems during the 1st quarter valued at $299,000. Janney Montgomery Scott LLC purchased a new stake in Veeva Systems in the 1st quarter worth $5,876,000. GAMMA Investing LLC lifted its stake in Veeva Systems by 13.8% in the 1st quarter. GAMMA Investing LLC now owns 1,823 shares of the technology company’s stock worth $422,000 after purchasing an additional 221 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in Veeva Systems by 35.0% in the 1st quarter. Private Trust Co. NA now owns 247 shares of the technology company’s stock worth $57,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 88.20% of the company’s stock.

Veeva Systems Price Performance

Shares of Veeva Systems stock opened at $292.71 on Friday. The firm has a fifty day moving average price of $283.41 and a 200 day moving average price of $266.34. Veeva Systems Inc. has a 1 year low of $201.54 and a 1 year high of $310.50. The stock has a market cap of $47.98 billion, a PE ratio of 60.10, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98.

Veeva Systems (NYSE:VEEV) last issued its earnings results on Wednesday, August 27th. The technology company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.64). The business had revenue of $789.08 million for the quarter, compared to analysts’ expectations of $768.49 million. Veeva Systems had a return on equity of 13.72% and a net margin of 27.29%.The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period last year, the business 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. As a group, equities analysts expect that Veeva Systems Inc. will post 4.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. BTIG Research boosted their target price on shares of Veeva Systems from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Truist Financial upped their price target on shares of Veeva Systems from $268.00 to $275.00 and gave the company a “hold” rating in a report on Thursday, August 28th. Raymond James Financial reiterated an “outperform” rating and set a $340.00 price target (up from $310.00) on shares of Veeva Systems in a report on Thursday, August 28th. JPMorgan Chase & Co. upgraded shares of Veeva Systems from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $290.00 to $330.00 in a research note on Monday, September 8th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Veeva Systems in a research note on Wednesday, October 8th. Sixteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $307.58.

Insider Activity at Veeva Systems

In related news, SVP Jonathan Faddis sold 720 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $298.12, for a total transaction of $214,646.40. Following the sale, the senior vice president owned 7,868 shares in the company, valued at approximately $2,345,608.16. This trade represents a 8.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas D. Schwenger sold 3,350 shares of Veeva Systems stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $300.04, for a total transaction of $1,005,134.00. Following the completion of the sale, the insider owned 23,773 shares in the company, valued at approximately $7,132,850.92. This trade represents a 12.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,665 shares of company stock worth $7,438,000. 10.30% of the stock is owned by company insiders.

Veeva Systems Company Profile

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.