GLOBALT Investments LLC GA Lowers Stake in Veeva Systems Inc. $VEEV

GLOBALT Investments LLC GA reduced its stake in shares of Veeva Systems Inc. (NYSE:VEEV) by 2.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,480 shares of the technology company’s stock after selling 142 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Veeva Systems were worth $1,578,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VEEV. Abound Financial LLC purchased a new stake in shares of Veeva Systems during the first quarter valued at $25,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Veeva Systems during the second quarter valued at $29,000. Golden State Wealth Management LLC boosted its stake in shares of Veeva Systems by 152.9% during the first 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. Wayfinding Financial LLC purchased a new stake in shares of Veeva Systems during the first quarter valued at $32,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Veeva Systems during the second quarter valued at $32,000. 88.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Veeva Systems news, insider Eleni Nitsa Zuppas sold 6,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 25,325 shares in the company, valued at approximately $7,765,151.50. The trade was a 19.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas D. Schwenger sold 3,350 shares of the company’s 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 transaction, 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 ninety days, insiders sold 24,665 shares of company stock worth $7,438,000. 10.30% of the stock is owned by corporate insiders.

Veeva Systems Stock Performance

Shares of Veeva Systems stock opened at $293.11 on Friday. The company has a market capitalization of $48.04 billion, a PE ratio of 60.19, a P/E/G ratio of 2.25 and a beta of 0.98. The company has a 50-day simple moving average of $284.70 and a two-hundred day simple moving average of $269.24. 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 earnings results on Wednesday, August 27th. The technology company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.64). The firm had revenue of $789.08 million during 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 for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior 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 analysts predict that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on VEEV. Stifel Nicolaus lifted their price objective on Veeva Systems from $295.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Citigroup lifted their price objective on Veeva Systems from $329.00 to $349.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Mizuho lifted their price objective on Veeva Systems from $295.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Piper Sandler lifted their price objective on Veeva Systems from $325.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Finally, JPMorgan Chase & Co. upgraded Veeva Systems from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $290.00 to $330.00 in a report on Monday, September 8th. Seventeen 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’s stock. According to MarketBeat.com, Veeva Systems presently has an average rating of “Moderate Buy” and a consensus target price of $307.58.

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.