Gallagher Capital Advisors LLC Makes New $940,000 Investment in Veeva Systems Inc. $VEEV

Gallagher Capital Advisors LLC acquired a new position in shares of Veeva Systems Inc. (NYSE:VEEV) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,350 shares of the technology company’s stock, valued at approximately $940,000.

A number of other large investors have also recently made changes to their positions in VEEV. Wealthfront Advisers LLC increased its position in shares of Veeva Systems by 20.6% in the 1st quarter. Wealthfront Advisers LLC now owns 5,830 shares of the technology company’s stock valued at $1,024,000 after acquiring an additional 995 shares during the period. Bank of New York Mellon Corp raised its stake in Veeva Systems by 7.3% in the 1st quarter. Bank of New York Mellon Corp now owns 613,202 shares of the technology company’s stock worth $107,715,000 after acquiring an additional 41,862 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in Veeva Systems by 8.4% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,327 shares of the technology company’s stock worth $233,000 after acquiring an additional 103 shares during the period. Nwam LLC lifted its position in Veeva Systems by 26.6% during the 1st quarter. Nwam LLC now owns 14,084 shares of the technology company’s stock worth $2,474,000 after acquiring an additional 2,958 shares during the period. Finally, Calamos Advisors LLC purchased a new stake in Veeva Systems during the 1st quarter valued at about $3,325,000. 88.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Veeva Systems news, Director Priscilla Hung sold 750 shares of Veeva Systems stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $155.64, for a total value of $116,730.00. Following the completion of the transaction, the director owned 3,253 shares of the company’s stock, valued at approximately $506,296.92. The trade was a 18.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 10.60% of the company’s stock.

Veeva Systems Trading Up 0.3%

Shares of NYSE:VEEV opened at $193.71 on Thursday. Veeva Systems Inc. has a 12-month low of $148.05 and a 12-month high of $310.50. The company has a market capitalization of $31.47 billion, a PE ratio of 34.53, a PEG ratio of 0.83 and a beta of 0.94. The business has a 50 day moving average of $170.48 and a two-hundred day moving average of $182.95.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Wednesday, June 3rd. The technology company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.14 by $0.10. The business had revenue of $882.95 million for the quarter, compared to analyst estimates of $857.73 million. Veeva Systems had a return on equity of 13.72% and a net margin of 28.37%.The business’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.97 EPS. Veeva Systems has set its FY 2027 guidance at 9.050-9.050 EPS and its Q2 2027 guidance at 2.210-2.220 EPS. Equities research analysts predict that Veeva Systems Inc. will post 6.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on VEEV shares. The Goldman Sachs Group cut their price objective on Veeva Systems from $190.00 to $165.00 and set a “sell” rating on the stock in a report on Thursday, June 4th. Stifel Nicolaus dropped their target price on Veeva Systems from $245.00 to $230.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Wall Street Zen upgraded Veeva Systems from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. BNP Paribas Exane reiterated an “outperform” rating and issued a $285.00 price target on shares of Veeva Systems in a report on Thursday, June 4th. Finally, UBS Group reduced their price target on shares of Veeva Systems from $220.00 to $190.00 and set a “neutral” rating for the company in a research report on Thursday, June 4th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Veeva Systems has a consensus rating of “Moderate Buy” and a consensus price target of $247.74.

Veeva Systems 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.