Veeva Systems Inc. $VEEV Shares Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. boosted its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 9.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,578 shares of the technology company’s stock after purchasing an additional 298 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Veeva Systems were worth $1,030,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on VEEV shares. BMO Capital Markets assumed coverage on shares of Veeva Systems in a research report on Thursday, November 13th. They set a “market perform” rating and a $300.00 price target for the company. JPMorgan Chase & Co. raised Veeva Systems from a “neutral” rating to an “overweight” rating and increased their target price for the company from $290.00 to $330.00 in a report on Monday, September 8th. TD Cowen upgraded Veeva Systems from a “hold” rating to a “buy” rating and raised their target price for the company from $297.00 to $380.00 in a research report on Tuesday, October 7th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $330.00 price target on shares of Veeva Systems in a research note on Monday, November 24th. Finally, Citigroup reduced their price objective on Veeva Systems from $349.00 to $319.00 and set a “buy” rating for the company in a research note on Monday, November 24th. Twenty research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $305.88.

Veeva Systems Price Performance

VEEV stock opened at $240.30 on Friday. Veeva Systems Inc. has a 1 year low of $201.54 and a 1 year high of $310.50. The firm has a market capitalization of $39.39 billion, a PE ratio of 49.34, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. The business has a 50 day simple moving average of $284.10 and a 200-day simple moving average of $278.85.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Thursday, November 20th. The technology company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.09. The firm had revenue of $811.24 million during the quarter, compared to analysts’ expectations of $792.37 million. Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. Veeva Systems’s revenue was up 16.0% compared to the same quarter last year. During the same period last year, the business earned $1.75 earnings per share. 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, equities research analysts expect that Veeva Systems Inc. will post 4.35 EPS for the current year.

Insider Transactions at Veeva Systems

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

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.