Lyell Wealth Management LP Boosts Stake in Veeva Systems Inc. $VEEV

Lyell Wealth Management LP lifted its position in Veeva Systems Inc. (NYSE:VEEV) by 1.0% in the second quarter, Holdings Channel reports. The firm owned 54,208 shares of the technology company’s stock after acquiring an additional 563 shares during the period. Veeva Systems accounts for approximately 1.2% of Lyell Wealth Management LP’s holdings, making the stock its 23rd biggest position. Lyell Wealth Management LP’s holdings in Veeva Systems were worth $15,611,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Crux Wealth Advisors boosted its holdings in shares of Veeva Systems by 29.9% in the second quarter. Crux Wealth Advisors now owns 1,623 shares of the technology company’s stock valued at $467,000 after acquiring an additional 374 shares during the period. Chicago Partners Investment Group LLC purchased a new stake in Veeva Systems in the 2nd quarter valued at $361,000. Wendell David Associates Inc. raised its position in Veeva Systems by 8.5% in the 2nd quarter. Wendell David Associates Inc. now owns 19,391 shares of the technology company’s stock valued at $5,584,000 after purchasing an additional 1,522 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in Veeva Systems by 15.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 4,131 shares of the technology company’s stock worth $1,190,000 after purchasing an additional 554 shares during the period. Finally, Cannon Global Investment Management LLC purchased a new position in Veeva Systems during the 2nd quarter worth $518,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

Analysts Set New Price Targets

VEEV has been the subject of a number of research reports. Oppenheimer reaffirmed an “outperform” rating and issued a $325.00 target price on shares of Veeva Systems in a report on Thursday, August 28th. Piper Sandler upped their price objective on Veeva Systems from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. KeyCorp lifted their target price on Veeva Systems from $285.00 to $325.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Stifel Nicolaus upped their price target on Veeva Systems from $295.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Finally, JPMorgan Chase & Co. raised Veeva Systems from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $290.00 to $330.00 in a report on Monday, September 8th. Seventeen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $307.58.

Insider Transactions at Veeva Systems

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

Veeva Systems Price Performance

Veeva Systems stock opened at $283.96 on Monday. Veeva Systems Inc. has a 1-year low of $201.54 and a 1-year high of $310.50. The company has a market cap of $46.54 billion, a PE ratio of 58.31, a price-to-earnings-growth ratio of 2.19 and a beta of 0.98. The stock’s 50 day moving average price is $283.44 and its 200 day moving average price is $267.33.

Veeva Systems (NYSE:VEEV) last issued its earnings results on Wednesday, August 27th. The technology company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.64). The company 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%.Veeva Systems’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm 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, equities research analysts anticipate that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

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.