2,905 Shares in Veeva Systems Inc. $VEEV Bought by Bryce Point Capital LLC

Bryce Point Capital LLC bought a new position in Veeva Systems Inc. (NYSE:VEEV) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,905 shares of the technology company’s stock, valued at approximately $837,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VEEV. Abound Financial LLC bought a new position in Veeva Systems in the first quarter worth $25,000. Trust Co. of Toledo NA OH bought a new position in shares of Veeva Systems during the second quarter valued at $29,000. Wayfinding Financial LLC bought a new position in shares of Veeva Systems during the first quarter valued at $32,000. Legacy Investment Solutions LLC bought a new position in shares of Veeva Systems during the second quarter valued at $32,000. Finally, Maseco LLP bought a new position in shares of Veeva Systems during the second quarter valued at $35,000. 88.20% of the stock is owned by institutional investors.

Veeva Systems Stock Performance

Shares of NYSE:VEEV opened at $292.69 on Tuesday. Veeva Systems Inc. has a twelve month low of $201.54 and a twelve month high of $310.50. The firm has a market cap of $47.97 billion, a PE ratio of 60.10, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. The business has a fifty day moving average of $285.36 and a 200-day moving average of $273.45.

Veeva Systems (NYSE:VEEV) last announced its earnings results on Wednesday, August 27th. The technology company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.64). The business had revenue of $789.08 million during the quarter, compared to analyst estimates of $768.49 million. Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 earnings per share. Veeva Systems has set its Q3 2026 guidance at 1.940-1.950 EPS. FY 2026 guidance at 7.780-7.780 EPS. On average, analysts anticipate that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on VEEV. Stifel Nicolaus lifted their price objective on Veeva Systems from $295.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Barclays lifted their price objective on Veeva Systems from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Truist Financial lifted their price objective on Veeva Systems from $268.00 to $275.00 and gave the company a “hold” rating in a report on Thursday, August 28th. KeyCorp lifted their price objective on Veeva Systems from $285.00 to $325.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Finally, Mizuho raised their target price on Veeva Systems from $295.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Seventeen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Veeva Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $307.58.

Insider Buying and Selling

In related news, SVP Jonathan Faddis sold 720 shares of Veeva Systems stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $298.12, for a total value of $214,646.40. Following the completion of the sale, the senior vice president directly owned 7,868 shares in the company, valued at $2,345,608.16. This trade represents a 8.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas D. Schwenger sold 3,350 shares of Veeva Systems stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total value of $1,005,134.00. Following the completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,665 shares of company stock worth $7,438,000 over the last three months. 10.30% of the stock is currently owned by company insiders.

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.