Veeva Systems Inc. $VEEV Stock Position Raised by FineMark National Bank & Trust

FineMark National Bank & Trust increased its stake in Veeva Systems Inc. (NYSE:VEEV) by 21.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,674 shares of the technology company’s stock after acquiring an additional 470 shares during the quarter. FineMark National Bank & Trust’s holdings in Veeva Systems were worth $770,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Trust Co. of Toledo NA OH acquired a new position in shares of Veeva Systems in the 2nd quarter valued at $29,000. Legacy Investment Solutions LLC acquired a new position in shares of Veeva Systems in the second quarter worth about $32,000. Maseco LLP purchased a new position in shares of Veeva Systems in the second quarter worth approximately $35,000. Ameritas Advisory Services LLC purchased a new position in shares of Veeva Systems in the second quarter worth approximately $68,000. Finally, ORG Partners LLC raised its holdings in shares of Veeva Systems by 176.3% during the second quarter. ORG Partners LLC now owns 315 shares of the technology company’s stock valued at $89,000 after acquiring an additional 201 shares during the period. 88.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VEEV shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Veeva Systems in a research note on Wednesday, October 8th. BMO Capital Markets began coverage on Veeva Systems in a report on Thursday, November 13th. They issued a “market perform” rating and a $300.00 target price for the company. BTIG Research reiterated a “buy” rating and set a $340.00 price target on shares of Veeva Systems in a report on Friday, October 17th. Canaccord Genuity Group increased their price objective on Veeva Systems from $270.00 to $300.00 and gave the stock a “hold” rating in a research note on Thursday, August 28th. Finally, William Blair reaffirmed an “outperform” rating on shares of Veeva Systems in a research note on Friday, October 17th. Seventeen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Veeva Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $307.28.

Insiders Place Their Bets

In related news, insider Eleni Nitsa Zuppas sold 6,000 shares of Veeva Systems stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total value of $1,839,720.00. Following the completion of the sale, the insider owned 25,325 shares of the company’s stock, valued at approximately $7,765,151.50. The trade was a 19.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jonathan Faddis sold 720 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $298.12, for a total transaction of $214,646.40. Following the transaction, the senior vice president directly owned 7,868 shares in the company, valued at $2,345,608.16. The trade was a 8.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 24,665 shares of company stock valued at $7,438,000 over the last ninety days. Corporate insiders own 10.30% of the company’s stock.

Veeva Systems Price Performance

VEEV opened at $273.21 on Thursday. The company has a market capitalization of $44.78 billion, a PE ratio of 56.10, a price-to-earnings-growth 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. The business has a 50-day moving average of $288.57 and a 200-day moving average of $278.53.

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 the consensus estimate of $1.90 by ($0.64). Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The firm had revenue of $789.08 million during the quarter, compared to the consensus estimate of $768.49 million. During the same period in the previous year, the firm posted $1.62 EPS. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. 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, equities research analysts expect that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Veeva Systems Company 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.