Veeva Systems (NYSE:VEEV) Receives Outperform Rating from William Blair

William Blair reaffirmed their outperform rating on shares of Veeva Systems (NYSE:VEEV) in a report published on Friday morning,RTT News reports.

A number of other equities research analysts also recently weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Veeva Systems from $295.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Morgan Stanley upped their target price on shares of Veeva Systems from $210.00 to $222.00 and gave the stock an “underweight” rating in a report on Thursday, August 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $355.00 price objective on shares of Veeva Systems in a report on Friday. Mizuho raised their price objective on shares of Veeva Systems from $295.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, Wells Fargo & Company lifted their target price on shares of Veeva Systems from $300.00 to $326.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $307.58.

Veeva Systems Trading Down 3.0%

NYSE VEEV opened at $283.96 on Friday. The firm’s fifty day moving average price is $283.44 and its two-hundred day moving average price is $266.73. Veeva Systems has a 1 year low of $201.54 and a 1 year high of $310.50. The firm has a market capitalization of $46.54 billion, a P/E ratio of 58.31, a price-to-earnings-growth ratio of 2.26 and a beta of 0.98.

Veeva Systems (NYSE:VEEV) last posted its quarterly 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 firm had revenue of $789.08 million for 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% compared to the same quarter last year. During the same period last year, the company posted $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. On average, research analysts anticipate that Veeva Systems will post 4.35 EPS for the current fiscal year.

Insider Buying and Selling at Veeva Systems

In other news, insider Eleni Nitsa Zuppas sold 6,000 shares of the stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total value of $1,839,720.00. Following the sale, the insider owned 25,325 shares of the company’s stock, valued at approximately $7,765,151.50. This represents a 19.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jonathan Faddis sold 14,595 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $300.00, for a total transaction of $4,378,500.00. Following the completion of the transaction, the senior vice president directly owned 8,588 shares in the company, valued at $2,576,400. This represents a 62.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,665 shares of company stock worth $7,438,000 over the last 90 days. 10.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VEEV. Abound Financial LLC purchased a new position in Veeva Systems during the 1st quarter valued at about $25,000. ORG Partners LLC purchased a new position in Veeva Systems during the 1st quarter valued at about $26,000. Trust Co. of Toledo NA OH purchased a new position in Veeva Systems during the 2nd quarter valued at about $29,000. Golden State Wealth Management LLC increased its position in Veeva Systems by 152.9% during the 1st quarter. Golden State Wealth Management LLC now owns 129 shares of the technology company’s stock valued at $30,000 after purchasing an additional 78 shares during the period. Finally, Wayfinding Financial LLC purchased a new position in Veeva Systems during the 1st quarter valued at about $32,000. Hedge funds and other institutional investors own 88.20% 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.