Veeva Systems Inc. $VEEV Shares Bought by Creative Planning

Creative Planning lifted its stake in Veeva Systems Inc. (NYSE:VEEV) by 15.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 41,284 shares of the technology company’s stock after acquiring an additional 5,415 shares during the quarter. Creative Planning’s holdings in Veeva Systems were worth $11,889,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of VEEV. Empower Advisory Group LLC boosted its holdings in Veeva Systems by 4.1% in the 2nd quarter. Empower Advisory Group LLC now owns 275,650 shares of the technology company’s stock worth $79,382,000 after acquiring an additional 10,816 shares during the period. CFO4Life Group LLC purchased a new stake in shares of Veeva Systems during the second quarter valued at approximately $685,000. Advisors Capital Management LLC lifted its position in shares of Veeva Systems by 6.5% during the second quarter. Advisors Capital Management LLC now owns 3,520 shares of the technology company’s stock worth $1,014,000 after purchasing an additional 216 shares in the last quarter. Donoghue Forlines LLC purchased a new position in shares of Veeva Systems in the second quarter valued at $2,698,000. Finally, Fiera Capital Corp boosted its stake in shares of Veeva Systems by 2.7% in the second quarter. Fiera Capital Corp now owns 357,999 shares of the technology company’s stock valued at $103,097,000 after purchasing an additional 9,263 shares during the period. Institutional investors and hedge funds own 88.20% of the company’s stock.

Veeva Systems Stock Performance

VEEV opened at $273.82 on Wednesday. The company has a market capitalization of $44.88 billion, a P/E ratio of 56.23, a PEG ratio of 2.22 and a beta of 0.98. The company has a 50-day moving average of $288.61 and a 200-day moving average of $278.56. Veeva Systems Inc. has a 1-year low of $201.54 and a 1-year high of $310.50.

Veeva Systems (NYSE:VEEV) last issued 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). The company had revenue of $789.08 million for 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% on a year-over-year basis. During the same period in the previous year, the business 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, sell-side analysts expect that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Insider Transactions at Veeva Systems

In other Veeva Systems news, insider Eleni Nitsa Zuppas sold 6,000 shares of Veeva Systems stock in a transaction on 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 owned 25,325 shares of the company’s stock, valued at $7,765,151.50. The trade was a 19.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Thomas D. Schwenger sold 3,350 shares of the business’s stock in a transaction on 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 sale, the insider owned 23,773 shares of the company’s stock, valued at approximately $7,132,850.92. The trade was a 12.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 24,665 shares of company stock worth $7,438,000. 10.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on VEEV shares. Barclays boosted their price objective on shares of Veeva Systems from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. TD Cowen upgraded Veeva Systems from a “hold” rating to a “buy” rating and boosted their price target for the stock from $297.00 to $380.00 in a research note on Tuesday, October 7th. BMO Capital Markets began coverage on Veeva Systems in a report on Thursday, November 13th. They issued a “market perform” rating and a $300.00 price target for the company. Canaccord Genuity Group raised their price objective on Veeva Systems from $270.00 to $300.00 and gave the company a “hold” rating in a research note on Thursday, August 28th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $340.00 target price on shares of Veeva Systems in a research report on Friday, October 17th. Seventeen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $307.28.

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.