3,666 Shares in Veeva Systems Inc. $VEEV Bought by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC acquired a new stake in Veeva Systems Inc. (NYSE:VEEV) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,666 shares of the technology company’s stock, valued at approximately $1,056,000.

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

Insider Buying and Selling at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 3,350 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were 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 approximately $7,132,850.92. This trade represents a 12.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the completion of the sale, the insider owned 25,325 shares in the company, valued at $7,765,151.50. The trade was a 19.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 24,665 shares of company stock worth $7,438,000. 10.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on VEEV shares. Citigroup upped their target price on shares of Veeva Systems from $329.00 to $349.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Canaccord Genuity Group upped their target price on shares of Veeva Systems from $270.00 to $300.00 and gave the company a “hold” rating in a research note on Thursday, August 28th. BTIG Research restated a “buy” rating and issued a $340.00 target price on shares of Veeva Systems in a research note on Friday, October 17th. Morgan Stanley upped their target price on shares of Veeva Systems from $210.00 to $222.00 and gave the company an “underweight” rating in a research note on Thursday, August 28th. Finally, Mizuho raised their target price on shares of Veeva Systems from $295.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Seventeen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $307.58.

Veeva Systems Stock Up 0.5%

Shares of NYSE:VEEV opened at $292.69 on Tuesday. The company’s 50-day moving average price is $285.36 and its 200 day moving average price is $273.45. The company has a market cap of $47.97 billion, a PE ratio of 60.10, a P/E/G ratio of 2.22 and a beta of 0.98. Veeva Systems Inc. has a fifty-two week low of $201.54 and a fifty-two week high of $310.50.

Veeva Systems (NYSE:VEEV) last announced its quarterly 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). Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The firm had revenue of $789.08 million during the quarter, compared to analyst estimates of $768.49 million. During the same quarter in the previous year, the business posted $1.62 EPS. Veeva Systems’s revenue for the quarter was up 16.7% compared to the same quarter last year. 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, equities analysts anticipate that Veeva Systems Inc. will post 4.35 EPS for the current year.

Veeva Systems Company 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.