Voya Investment Management LLC Acquires 26,488 Shares of Veeva Systems Inc. $VEEV

Voya Investment Management LLC lifted its stake in Veeva Systems Inc. (NYSE:VEEV) by 18.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 171,193 shares of the technology company’s stock after buying an additional 26,488 shares during the period. Voya Investment Management LLC owned about 0.10% of Veeva Systems worth $51,000,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Veeva Systems in the second quarter valued at $384,265,000. Durable Capital Partners LP acquired a new position in shares of Veeva Systems in the second quarter valued at approximately $281,351,000. AQR Capital Management LLC grew its holdings in shares of Veeva Systems by 111.7% during the second quarter. AQR Capital Management LLC now owns 1,838,046 shares of the technology company’s stock worth $526,508,000 after buying an additional 969,905 shares in the last quarter. Schroder Investment Management Group lifted its position in Veeva Systems by 1,039.4% during the 2nd quarter. Schroder Investment Management Group now owns 1,014,974 shares of the technology company’s stock worth $292,292,000 after buying an additional 925,896 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Veeva Systems by 20.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,992,372 shares of the technology company’s stock valued at $924,754,000 after buying an additional 689,700 shares during the last quarter. 88.20% of the stock is owned by institutional investors.

Veeva Systems Price Performance

NYSE:VEEV opened at $222.11 on Friday. The company has a market capitalization of $36.51 billion, a P/E ratio of 43.21, a P/E/G ratio of 1.62 and a beta of 1.05. The business has a fifty day simple moving average of $265.47 and a two-hundred day simple moving average of $276.91. Veeva Systems Inc. has a 1 year low of $201.54 and a 1 year high of $310.50.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Thursday, November 20th. The technology company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.95 by $0.09. Veeva Systems had a net margin of 27.93% and a return on equity of 13.68%. The company had revenue of $0.81 million during the quarter, compared to the consensus estimate of $792.37 million. During the same period last year, the firm earned $1.75 EPS. Veeva Systems’s revenue for the quarter was up 16.0% on a year-over-year basis. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS and its Q4 2026 guidance at 1.920-1.920 EPS. As a group, analysts anticipate that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on VEEV shares. JPMorgan Chase & Co. upgraded Veeva Systems from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $290.00 to $330.00 in a research note on Monday, September 8th. Raymond James Financial reiterated an “outperform” rating and issued a $340.00 price target (up from $310.00) on shares of Veeva Systems in a research note on Thursday, August 28th. KeyCorp reaffirmed a “sector weight” rating on shares of Veeva Systems in a research note on Friday, December 12th. Piper Sandler raised their target price on Veeva Systems from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Finally, William Blair reaffirmed an “outperform” rating on shares of Veeva Systems in a research note on Friday, October 17th. Eighteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $307.42.

Insider Transactions at Veeva Systems

In other news, insider Eleni Nitsa Zuppas sold 6,000 shares of the firm’s stock in a transaction 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 sale, the insider owned 25,325 shares in the company, valued at approximately $7,765,151.50. This trade represents a 19.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jonathan Faddis sold 14,595 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $300.00, for a total transaction of $4,378,500.00. Following the completion of the transaction, the senior vice president owned 8,588 shares of the company’s stock, valued at $2,576,400. This trade represents a 62.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 24,665 shares of company stock valued at $7,438,000. 10.30% of the stock is owned by corporate insiders.

Veeva Systems Company Profile

Veeva Systems (NYSE: VEEV) is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.

Veeva’s product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.