Capricorn Fund Managers Ltd Makes New $878,000 Investment in Veeva Systems Inc. $VEEV

Capricorn Fund Managers Ltd purchased a new stake in shares of Veeva Systems Inc. (NYSE:VEEV) during the 1st quarter, Holdings Channel.com reports. The fund purchased 5,000 shares of the technology company’s stock, valued at approximately $878,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. SJS Investment Consulting Inc. lifted its stake in shares of Veeva Systems by 29.7% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,388 shares of the technology company’s stock valued at $244,000 after buying an additional 318 shares in the last quarter. Inspire Investing LLC boosted its holdings in Veeva Systems by 7.2% in the 1st quarter. Inspire Investing LLC now owns 18,143 shares of the technology company’s stock worth $3,187,000 after buying an additional 1,224 shares during the period. Simmons Bank increased its stake in Veeva Systems by 13.1% in the 1st quarter. Simmons Bank now owns 15,022 shares of the technology company’s stock worth $2,639,000 after buying an additional 1,743 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ increased its stake in Veeva Systems by 57.4% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 75,916 shares of the technology company’s stock worth $13,335,000 after buying an additional 27,678 shares in the last quarter. Finally, waypoint wealth counsel bought a new stake in Veeva Systems during the first quarter valued at about $281,000. 88.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VEEV. William Blair restated an “outperform” rating on shares of Veeva Systems in a research report on Tuesday, March 10th. TD Cowen reiterated a “buy” rating on shares of Veeva Systems in a research report on Thursday, June 4th. Piper Sandler decreased their target price on Veeva Systems from $285.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, June 4th. Zacks Research cut Veeva Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Raymond James Financial restated an “outperform” rating and issued a $225.00 price target on shares of Veeva Systems in a research note on Thursday, June 4th. Eighteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $250.96.

Veeva Systems Stock Up 0.8%

VEEV opened at $177.69 on Wednesday. The firm has a 50-day simple moving average of $164.13 and a two-hundred day simple moving average of $185.30. Veeva Systems Inc. has a 52 week low of $148.05 and a 52 week high of $310.50. The company has a market capitalization of $28.86 billion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95.

Veeva Systems (NYSE:VEEV) last issued its earnings results on Wednesday, June 3rd. The technology company reported $2.24 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $882.95 million for the quarter, compared to analysts’ expectations of $857.73 million. During the same period in the previous year, the firm posted $1.97 earnings per share. The business’s revenue was up 16.3% compared to the same quarter last year. 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, sell-side analysts expect that Veeva Systems Inc. will post 6.65 earnings per share for the current year.

Insiders Place Their Bets

In other Veeva Systems news, Director Priscilla Hung sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $155.64, for a total transaction of $116,730.00. Following the completion of the transaction, the director owned 3,253 shares in the company, valued at $506,296.92. This trade represents a 18.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.60% of the stock is owned by corporate insiders.

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.