2,599 Shares in Veeva Systems Inc. $VEEV Acquired by Evanson Financial LLC

Evanson Financial LLC bought a new position in Veeva Systems Inc. (NYSE:VEEV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,599 shares of the technology company’s stock, valued at approximately $461,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. increased its position in Veeva Systems by 11.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 892,070 shares of the technology company’s stock valued at $199,137,000 after buying an additional 90,703 shares in the last quarter. Empire Life Investments Inc. boosted its holdings in Veeva Systems by 21.1% in the fourth quarter. Empire Life Investments Inc. now owns 37,054 shares of the technology company’s stock worth $8,272,000 after acquiring an additional 6,453 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Veeva Systems by 217.2% in the fourth quarter. Farther Finance Advisors LLC now owns 10,470 shares of the technology company’s stock valued at $2,337,000 after acquiring an additional 7,169 shares during the period. Pictet Asset Management Holding SA grew its stake in Veeva Systems by 14.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,110,075 shares of the technology company’s stock valued at $247,817,000 after acquiring an additional 137,965 shares during the period. Finally, KBC Group NV increased its holdings in shares of Veeva Systems by 180.2% during the fourth quarter. KBC Group NV now owns 201,140 shares of the technology company’s stock valued at $44,900,000 after acquiring an additional 129,346 shares in the last quarter. 88.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on VEEV shares. Wall Street Zen lowered Veeva Systems from a “buy” rating to a “hold” rating in a research report on Monday, August 3rd. BMO Capital Markets reduced their price target on shares of Veeva Systems from $220.00 to $175.00 and set a “market perform” rating for the company in a research report on Thursday, June 4th. Evercore restated an “outperform” rating and set a $185.00 price target on shares of Veeva Systems in a research note on Thursday, June 4th. Guggenheim began coverage on shares of Veeva Systems in a research note on Thursday, July 23rd. They issued a “buy” rating and a $232.00 price objective on the stock. Finally, BTIG Research reiterated a “buy” rating and set a $340.00 price objective on shares of Veeva Systems in a report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $247.08.

Veeva Systems Stock Up 5.6%

Shares of Veeva Systems stock opened at $229.93 on Friday. Veeva Systems Inc. has a 52 week low of $148.05 and a 52 week high of $310.50. The business has a 50 day moving average price of $183.83 and a 200-day moving average price of $180.11. The company has a market cap of $37.35 billion, a PE ratio of 40.99, a price-to-earnings-growth ratio of 0.94 and a beta of 0.92.

Veeva Systems (NYSE:VEEV) last announced its earnings results on Wednesday, June 3rd. The technology company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.10. Veeva Systems had a return on equity of 13.72% and a net margin of 28.37%.The company had revenue of $882.95 million for the quarter, compared to analysts’ expectations of $857.73 million. During the same quarter in the previous year, the firm earned $1.97 earnings per share. Veeva Systems’s quarterly revenue was up 16.3% on a year-over-year basis. 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. As a group, research analysts anticipate that Veeva Systems Inc. will post 6.65 EPS for the current year.

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.