Veeva Systems Inc. $VEEV Shares Acquired by True Wealth Design LLC

True Wealth Design LLC raised its position in Veeva Systems Inc. (NYSE:VEEV) by 108.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 443 shares of the technology company’s stock after buying an additional 230 shares during the quarter. True Wealth Design LLC’s holdings in Veeva Systems were worth $128,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Crossmark Global Holdings Inc. acquired a new stake in Veeva Systems in the first quarter valued at about $299,000. DekaBank Deutsche Girozentrale boosted its stake in shares of Veeva Systems by 32.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 68,414 shares of the technology company’s stock valued at $15,956,000 after buying an additional 16,672 shares in the last quarter. Rehmann Capital Advisory Group acquired a new position in Veeva Systems during the first quarter worth $262,000. Nisa Investment Advisors LLC raised its position in Veeva Systems by 25.4% in the first quarter. Nisa Investment Advisors LLC now owns 24,238 shares of the technology company’s stock worth $5,614,000 after acquiring an additional 4,914 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Veeva Systems by 4.2% during the 1st quarter. Cerity Partners LLC now owns 78,416 shares of the technology company’s stock worth $18,164,000 after purchasing an additional 3,194 shares in the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Insider Activity

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 stock was 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 of the company’s stock, valued at approximately $7,765,151.50. The trade was a 19.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas D. Schwenger sold 3,350 shares of the business’s 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 sale, the insider owned 23,773 shares of the company’s stock, valued at approximately $7,132,850.92. This represents a 12.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 24,665 shares of company stock valued at $7,438,000 in the last ninety days. Company insiders own 10.30% of the company’s stock.

Analyst Upgrades and Downgrades

VEEV has been the subject of several recent analyst reports. Citigroup raised their price objective 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. Needham & Company LLC reaffirmed a “buy” rating and set a $355.00 price objective on shares of Veeva Systems in a report on Friday, October 17th. Wall Street Zen downgraded Veeva Systems from a “buy” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. upgraded Veeva Systems from a “neutral” rating to an “overweight” rating and raised their price target for the company from $290.00 to $330.00 in a research report on Monday, September 8th. Finally, Evercore ISI boosted their price objective on shares of Veeva Systems from $285.00 to $295.00 and gave the stock an “in-line” rating in a research report on Thursday, August 28th. 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $307.58.

Veeva Systems Price Performance

Veeva Systems stock opened at $295.23 on Friday. The firm’s 50-day moving average is $286.40 and its two-hundred day moving average is $274.85. The stock has a market capitalization of $48.39 billion, a P/E ratio of 60.62, a P/E/G 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 announced its quarterly earnings data 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). The firm had revenue of $789.08 million for the quarter, compared to analysts’ expectations of $768.49 million. Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.62 EPS. 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, analysts forecast that Veeva Systems Inc. will post 4.35 EPS for the current year.

Veeva Systems 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.