Hsbc Holdings PLC Increases Holdings in Veeva Systems Inc. $VEEV

Hsbc Holdings PLC raised its stake in Veeva Systems Inc. (NYSE:VEEV) by 31.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 261,175 shares of the technology company’s stock after acquiring an additional 62,603 shares during the period. Hsbc Holdings PLC’s holdings in Veeva Systems were worth $74,945,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. LPL Financial LLC grew its position in Veeva Systems by 6.8% during the 1st quarter. LPL Financial LLC now owns 140,286 shares of the technology company’s stock valued at $32,494,000 after purchasing an additional 8,945 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Veeva Systems in the first quarter worth approximately $535,000. Arkadios Wealth Advisors grew its holdings in shares of Veeva Systems by 6.2% during the first quarter. Arkadios Wealth Advisors now owns 3,305 shares of the technology company’s stock valued at $766,000 after buying an additional 193 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Veeva Systems during the first quarter valued at approximately $273,000. Finally, Harbour Investments Inc. increased its position in shares of Veeva Systems by 7.6% during the first quarter. Harbour Investments Inc. now owns 789 shares of the technology company’s stock valued at $183,000 after acquiring an additional 56 shares in the last quarter. 88.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Veeva Systems news, insider Thomas D. Schwenger sold 3,350 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $300.04, for a total value of $1,005,134.00. Following the sale, the insider owned 23,773 shares in the company, valued at $7,132,850.92. The trade was a 12.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of the stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the transaction, the insider directly owned 25,325 shares of the company’s stock, valued at $7,765,151.50. This trade represents a 19.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 24,665 shares of company stock worth $7,438,000. 10.30% of the stock is owned by insiders.

Veeva Systems Trading Down 0.2%

NYSE:VEEV opened at $240.30 on Friday. The stock has a 50-day moving average price of $284.10 and a 200 day moving average price of $278.85. The stock has a market capitalization of $39.39 billion, a P/E ratio of 49.34, a P/E/G ratio of 2.22 and a beta of 0.98. Veeva Systems Inc. has a 12-month low of $201.54 and a 12-month high of $310.50.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Thursday, November 20th. The technology company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.09. Veeva Systems had a return on equity of 13.72% and a net margin of 27.29%.The business had revenue of $811.24 million during the quarter, compared to the consensus estimate of $792.37 million. During the same period in the prior year, the company posted $1.75 EPS. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS. Q4 2026 guidance at 1.920-1.920 EPS. On average, research analysts predict that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VEEV has been the topic of a number of research analyst reports. Truist Financial upped their price target on Veeva Systems from $268.00 to $275.00 and gave the company a “hold” rating in a report on Thursday, August 28th. Citigroup lowered their target price on Veeva Systems from $349.00 to $319.00 and set a “buy” rating on the stock in a research report on Monday, November 24th. Jefferies Financial Group restated a “buy” rating and issued a $330.00 price target on shares of Veeva Systems in a research report on Monday, November 24th. UBS Group decreased their price objective on Veeva Systems from $310.00 to $280.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Finally, BMO Capital Markets started coverage on shares of Veeva Systems in a report on Thursday, November 13th. They issued a “market perform” rating and a $300.00 target price for the company. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Veeva Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $305.88.

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.