Capital Investment Services of America Inc. Has $23.24 Million Holdings in Veeva Systems Inc. $VEEV

Capital Investment Services of America Inc. boosted its stake in Veeva Systems Inc. (NYSE:VEEV) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,686 shares of the technology company’s stock after buying an additional 949 shares during the quarter. Veeva Systems makes up about 2.1% of Capital Investment Services of America Inc.’s investment portfolio, making the stock its 24th largest position. Capital Investment Services of America Inc.’s holdings in Veeva Systems were worth $23,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. Abound Financial LLC acquired a new stake in shares of Veeva Systems in the 1st quarter valued at $25,000. Trust Co. of Toledo NA OH bought a new position in Veeva Systems during the 2nd quarter valued at about $29,000. Golden State Wealth Management LLC boosted its position in 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. Wayfinding Financial LLC bought a new stake in Veeva Systems during the first quarter worth about $32,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Veeva Systems during the second quarter worth approximately $32,000. 88.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VEEV. Morgan Stanley increased their price target on Veeva Systems from $210.00 to $222.00 and gave the stock an “underweight” rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. raised Veeva Systems from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $290.00 to $330.00 in a research note on Monday, September 8th. Stifel Nicolaus raised their target price on Veeva Systems from $295.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. BTIG Research reiterated a “buy” rating and set a $340.00 price target on shares of Veeva Systems in a research report on Friday, October 17th. Finally, UBS Group raised their price objective on shares of Veeva Systems from $285.00 to $310.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Seventeen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $307.58.

Insider Buying and Selling at Veeva Systems

In other news, SVP Jonathan Faddis sold 14,595 shares of the business’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 approximately $2,576,400. The trade was a 62.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas D. Schwenger sold 3,350 shares of Veeva Systems stock in a transaction that occurred on 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 transaction, the insider directly owned 23,773 shares in the company, valued at $7,132,850.92. The trade was 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 valued at $7,438,000. 10.30% of the stock is currently owned by company insiders.

Veeva Systems Price Performance

Shares of NYSE:VEEV opened at $289.50 on Thursday. The stock has a market cap of $47.45 billion, a price-to-earnings ratio of 59.45, a P/E/G ratio of 2.24 and a beta of 0.98. The company has a 50 day moving average of $284.11 and a 200-day moving average of $268.13. Veeva Systems Inc. has a one year low of $201.54 and a one year high of $310.50.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $768.49 million. Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. Veeva Systems’s revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business 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. Equities research analysts anticipate that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

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.