8,276 Shares in Veeva Systems Inc. $VEEV Acquired by Horizon Investment Services LLC

Horizon Investment Services LLC purchased a new stake in Veeva Systems Inc. (NYSE:VEEV) during the second quarter, HoldingsChannel.com reports. The fund purchased 8,276 shares of the technology company’s stock, valued at approximately $2,383,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Trust Co. of Toledo NA OH acquired a new position in Veeva Systems in the 2nd quarter worth $29,000. Legacy Investment Solutions LLC acquired a new stake in shares of Veeva Systems in the 2nd quarter valued at about $32,000. Maseco LLP bought a new stake in shares of Veeva Systems in the second quarter valued at about $35,000. Key Financial Inc boosted its position in shares of Veeva Systems by 161.0% during the first quarter. Key Financial Inc now owns 154 shares of the technology company’s stock worth $36,000 after buying an additional 95 shares during the period. Finally, Private Trust Co. NA grew its holdings in shares of Veeva Systems by 35.0% during the first quarter. Private Trust Co. NA now owns 247 shares of the technology company’s stock worth $57,000 after buying an additional 64 shares in the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Insider Transactions at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 3,350 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $300.04, for a total transaction of $1,005,134.00. Following the sale, the insider directly owned 23,773 shares in the company, valued at $7,132,850.92. This represents a 12.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jonathan Faddis sold 14,595 shares of Veeva Systems stock in a transaction that occurred on Thursday, October 2nd. The shares were 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 directly owned 8,588 shares in the company, valued at $2,576,400. This trade represents a 62.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 24,665 shares of company stock valued at $7,438,000. 10.30% of the stock is currently owned by company insiders.

Veeva Systems Price Performance

Shares of VEEV opened at $291.12 on Friday. The company’s 50-day moving average is $285.87 and its 200-day moving average is $274.26. The firm has a market capitalization of $47.72 billion, a PE ratio of 59.78, a PEG ratio of 2.22 and a beta of 0.98. Veeva Systems Inc. has a fifty-two week low of $201.54 and a fifty-two week high of $310.50.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. TD Cowen raised shares of Veeva Systems from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $297.00 to $380.00 in a research report on Tuesday, October 7th. UBS Group lifted their price target on shares of Veeva Systems from $285.00 to $310.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Stifel Nicolaus boosted their price target on shares of Veeva Systems from $295.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Mizuho raised their price objective on Veeva Systems from $295.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, JPMorgan Chase & Co. upgraded Veeva Systems from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $290.00 to $330.00 in a report on Monday, September 8th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $307.58.

About Veeva Systems

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.