Snider Financial Group Lowers Stake in Veeva Systems Inc. $VEEV

Snider Financial Group lessened its stake in Veeva Systems Inc. (NYSE:VEEV) by 2.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 14,879 shares of the technology company’s stock after selling 406 shares during the period. Veeva Systems comprises approximately 1.2% of Snider Financial Group’s portfolio, making the stock its 23rd largest position. Snider Financial Group’s holdings in Veeva Systems were worth $4,285,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Abound Financial LLC purchased a new position in shares of Veeva Systems during the first quarter worth $25,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Veeva Systems in the 2nd quarter valued at $29,000. Wayfinding Financial LLC acquired a new position in Veeva Systems during the 1st quarter worth about $32,000. Legacy Investment Solutions LLC purchased a new position in Veeva Systems during the 2nd quarter valued at about $32,000. Finally, Maseco LLP purchased a new position in Veeva Systems during the 2nd quarter valued at about $35,000. 88.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Veeva Systems

In other news, SVP Jonathan Faddis sold 720 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was 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 approximately $2,345,608.16. This trade represents a 8.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The stock was 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. The trade was a 19.15% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 24,665 shares of company stock valued at $7,438,000. Corporate insiders own 10.30% of the company’s stock.

Veeva Systems Trading Up 2.2%

Veeva Systems stock opened at $291.20 on Monday. The company has a fifty day simple moving average of $285.22 and a 200-day simple moving average of $272.91. The stock has a market cap of $47.73 billion, a P/E ratio of 59.80, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. Veeva Systems Inc. has a 12-month low of $201.54 and a 12-month high of $310.50.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Wednesday, August 27th. The technology company reported $1.26 earnings per share 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 analyst estimates of $768.49 million. Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. As a group, sell-side analysts forecast that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on VEEV. JPMorgan Chase & Co. raised shares of Veeva Systems from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $290.00 to $330.00 in a research note on Monday, September 8th. Mizuho boosted their price target on shares of Veeva Systems from $295.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Stifel Nicolaus increased their price objective on Veeva Systems from $295.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Veeva Systems in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded Veeva Systems from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. 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 presently has a consensus rating of “Moderate Buy” and an average price target 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.