Veeva Systems Inc. $VEEV Holdings Trimmed by SG Americas Securities LLC

SG Americas Securities LLC lowered its holdings in Veeva Systems Inc. (NYSE:VEEV) by 72.7% in the third quarter, Holdings Channel.com reports. The firm owned 9,120 shares of the technology company’s stock after selling 24,271 shares during the period. SG Americas Securities LLC’s holdings in Veeva Systems were worth $2,717,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of VEEV. Parallel Advisors LLC boosted its position in Veeva Systems by 4.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,236 shares of the technology company’s stock worth $356,000 after acquiring an additional 56 shares during the period. Financiere des Professionnels Fonds d investissement inc. lifted its position in shares of Veeva Systems by 90.2% in the second quarter. Financiere des Professionnels Fonds d investissement inc. now owns 20,293 shares of the technology company’s stock worth $5,844,000 after purchasing an additional 9,623 shares in the last quarter. Aaron Wealth Advisors LLC purchased a new stake in shares of Veeva Systems in the second quarter worth approximately $250,000. Pallas Capital Advisors LLC boosted its holdings in shares of Veeva Systems by 311.8% during the second quarter. Pallas Capital Advisors LLC now owns 10,818 shares of the technology company’s stock worth $3,115,000 after purchasing an additional 8,191 shares during the period. Finally, Sapient Capital LLC grew its position in Veeva Systems by 2.6% during the second quarter. Sapient Capital LLC now owns 3,244 shares of the technology company’s stock valued at $934,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on VEEV. BMO Capital Markets initiated coverage on shares of Veeva Systems in a research note on Thursday, November 13th. They issued a “market perform” rating and a $300.00 price objective on the stock. The Goldman Sachs Group initiated coverage on shares of Veeva Systems in a report on Tuesday. They set a “sell” rating and a $215.00 price target on the stock. KeyCorp reiterated a “sector weight” rating on shares of Veeva Systems in a report on Friday, December 12th. UBS Group reduced their price objective on Veeva Systems from $310.00 to $280.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Finally, TD Cowen raised Veeva Systems from a “hold” rating to a “buy” rating and upped their target price for the stock from $297.00 to $380.00 in a research report on Tuesday, October 7th. Eighteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $308.04.

Veeva Systems Trading Down 2.0%

Shares of NYSE:VEEV opened at $228.47 on Wednesday. The stock has a market capitalization of $37.56 billion, a PE ratio of 44.45, a P/E/G ratio of 1.72 and a beta of 1.07. Veeva Systems Inc. has a 1 year low of $201.54 and a 1 year high of $310.50. The firm has a fifty day moving average price of $244.46 and a 200 day moving average price of $270.25.

Veeva Systems (NYSE:VEEV) last posted its earnings results on Thursday, November 20th. The technology company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.09. The company had revenue of $0.81 million for the quarter, compared to analyst estimates of $792.37 million. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The business’s revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $1.75 earnings per share. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS and its Q4 2026 guidance at 1.920-1.920 EPS. On average, sell-side analysts forecast that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Veeva Systems declared that its Board of Directors has approved a stock repurchase plan on Monday, January 5th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 5.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Veeva Systems Company Profile

Veeva Systems (NYSE: VEEV) is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.

Veeva’s product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.