Veeva Systems Inc. $VEEV Shares Sold by S Bank Fund Management Ltd

S Bank Fund Management Ltd cut its position in Veeva Systems Inc. (NYSE:VEEV) by 20.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,112 shares of the technology company’s stock after selling 280 shares during the quarter. S Bank Fund Management Ltd’s holdings in Veeva Systems were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of VEEV. Abound Financial LLC acquired a new stake in shares of Veeva Systems in the first quarter valued at $25,000. ORG Partners LLC acquired a new stake in shares of Veeva Systems in the first quarter valued at $26,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Veeva Systems in the second quarter valued at $29,000. Golden State Wealth Management LLC grew its stake in shares of Veeva Systems by 152.9% in the first quarter. Golden State Wealth Management LLC now owns 129 shares of the technology company’s stock valued at $30,000 after buying an additional 78 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Veeva Systems in the first quarter valued at $32,000. 88.20% of the stock is owned by institutional investors and hedge funds.

Veeva Systems Price Performance

Shares of NYSE VEEV opened at $292.71 on Friday. The company has a market capitalization of $47.98 billion, a price-to-earnings ratio of 60.10, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. The business has a 50-day moving average of $283.41 and a two-hundred day moving average of $266.34. Veeva Systems Inc. has a 1 year low of $201.54 and a 1 year high of $310.50.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Wednesday, August 27th. The technology company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the firm earned $1.62 earnings per share. 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 research analysts expect that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Thomas D. Schwenger sold 3,350 shares of Veeva Systems stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total transaction of $1,005,134.00. Following the sale, the insider owned 23,773 shares in the company, valued at approximately $7,132,850.92. The trade was a 12.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jonathan Faddis sold 720 shares of Veeva Systems 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 owned 7,868 shares in the company, valued at $2,345,608.16. This trade represents a 8.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,665 shares of company stock valued at $7,438,000 in the last ninety days. Insiders own 10.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on VEEV. KeyCorp lifted their target price on Veeva Systems from $285.00 to $325.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Oppenheimer reiterated an “outperform” rating and issued a $325.00 target price on shares of Veeva Systems in a report on Thursday, August 28th. Evercore ISI lifted their target price on Veeva Systems from $285.00 to $295.00 and gave the company an “in-line” rating in a report on Thursday, August 28th. TD Cowen upgraded Veeva Systems from a “hold” rating to a “buy” rating and lifted their target price for the company from $297.00 to $380.00 in a report on Tuesday, October 7th. Finally, Morgan Stanley lifted their target price on Veeva Systems from $210.00 to $222.00 and gave the company an “underweight” rating in a report on Thursday, August 28th. Sixteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $307.58.

Veeva Systems 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.