Veeva Systems Inc. $VEEV Shares Sold by Howard Capital Management Inc.

Howard Capital Management Inc. lessened its position in Veeva Systems Inc. (NYSE:VEEV) by 9.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 914 shares of the technology company’s stock after selling 99 shares during the period. Howard Capital Management Inc.’s holdings in Veeva Systems were worth $263,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Facet Wealth Inc. boosted its position in Veeva Systems by 3.3% during the second quarter. Facet Wealth Inc. now owns 1,342 shares of the technology company’s stock worth $381,000 after acquiring an additional 43 shares during the last quarter. TFB Advisors LLC boosted its position in Veeva Systems by 1.2% during the first quarter. TFB Advisors LLC now owns 3,586 shares of the technology company’s stock worth $831,000 after acquiring an additional 44 shares during the last quarter. Triangle Securities Wealth Management boosted its position in Veeva Systems by 0.8% during the second quarter. Triangle Securities Wealth Management now owns 5,782 shares of the technology company’s stock worth $1,665,000 after acquiring an additional 45 shares during the last quarter. Marks Group Wealth Management Inc boosted its position in Veeva Systems by 3.3% during the first quarter. Marks Group Wealth Management Inc now owns 1,427 shares of the technology company’s stock worth $331,000 after acquiring an additional 46 shares during the last quarter. Finally, Harbour Investments Inc. boosted its position in Veeva Systems by 7.6% during the first quarter. Harbour Investments Inc. now owns 789 shares of the technology company’s stock worth $183,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Wall Street Analyst Weigh In

VEEV has been the topic of a number of analyst reports. KeyCorp raised their target price on shares of Veeva Systems from $285.00 to $325.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Wall Street Zen upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Raymond James Financial restated an “outperform” rating and set a $340.00 target price (up previously from $310.00) on shares of Veeva Systems in a research report on Thursday, August 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Veeva Systems in a report on Wednesday, October 8th. Finally, BTIG Research reiterated a “buy” rating and issued a $340.00 price target on shares of Veeva Systems in a report on Friday, October 17th. Seventeen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Veeva Systems has a consensus rating of “Moderate Buy” and an average price target of $307.58.

Veeva Systems Trading Down 0.4%

NYSE:VEEV opened at $285.40 on Friday. The firm has a market capitalization of $46.78 billion, a price-to-earnings ratio of 58.60, a PEG ratio of 2.22 and a beta of 0.98. The firm’s fifty day simple moving average is $285.22 and its 200 day simple moving average is $271.73. Veeva Systems Inc. has a twelve month low of $201.54 and a twelve month high of $310.50.

Veeva Systems (NYSE:VEEV) last released 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). Veeva Systems had a return on equity of 13.72% and a net margin of 27.29%.The firm had revenue of $789.08 million for the quarter, compared to analysts’ expectations of $768.49 million. During the same period last year, the firm earned $1.62 EPS. The business’s quarterly revenue was up 16.7% on a year-over-year basis. 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, analysts predict that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Jonathan Faddis sold 720 shares of Veeva Systems stock in a transaction on Monday, October 6th. The shares were sold at an average price of $298.12, for a total transaction of $214,646.40. Following the sale, the senior vice president owned 7,868 shares of the company’s stock, valued at $2,345,608.16. The trade was a 8.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of Veeva Systems stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the sale, the insider directly owned 25,325 shares in the company, valued at $7,765,151.50. This trade represents a 19.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 24,665 shares of company stock valued at $7,438,000 in the last quarter. Company insiders own 10.30% 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.