Allianz Asset Management GmbH Boosts Holdings in Veeva Systems Inc. $VEEV

Allianz Asset Management GmbH boosted its stake in shares of Veeva Systems Inc. (NYSE:VEEV) by 69.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 663,174 shares of the technology company’s stock after purchasing an additional 270,740 shares during the period. Allianz Asset Management GmbH owned approximately 0.40% of Veeva Systems worth $197,566,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of VEEV. Norges Bank acquired a new stake in Veeva Systems during the second quarter worth about $384,265,000. Durable Capital Partners LP acquired a new stake in shares of Veeva Systems during the 2nd quarter worth approximately $281,351,000. AQR Capital Management LLC increased its holdings in shares of Veeva Systems by 111.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,838,046 shares of the technology company’s stock valued at $526,508,000 after purchasing an additional 969,905 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of Veeva Systems by 1,039.4% in the 2nd quarter. Schroder Investment Management Group now owns 1,014,974 shares of the technology company’s stock valued at $292,292,000 after purchasing an additional 925,896 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in Veeva Systems by 423.8% during the second quarter. Los Angeles Capital Management LLC now owns 841,303 shares of the technology company’s stock worth $242,278,000 after buying an additional 680,702 shares in the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Insider Buying and Selling at Veeva Systems

In related news, insider Thomas D. Schwenger sold 1,000 shares of the business’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total transaction of $231,430.00. Following the transaction, the insider directly owned 23,204 shares in the company, valued at approximately $5,370,101.72. The trade was a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 10.30% of the company’s stock.

Veeva Systems Price Performance

NYSE VEEV opened at $203.14 on Tuesday. The stock’s 50 day simple moving average is $226.59 and its 200-day simple moving average is $263.97. The company has a market cap of $33.39 billion, a PE ratio of 39.52, a price-to-earnings-growth ratio of 1.51 and a beta of 1.08. Veeva Systems Inc. has a 1-year low of $200.24 and a 1-year high of $310.50.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Thursday, November 20th. The technology company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.95 by $0.09. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The firm had revenue of $0.81 million during the quarter, compared to the consensus estimate of $792.37 million. During the same period in the prior year, the company earned $1.75 EPS. The firm’s revenue 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 and its Q4 2026 guidance at 1.920-1.920 EPS. On average, equities research analysts anticipate that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Veeva Systems announced that its board has initiated a share repurchase plan on Monday, January 5th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the technology company to purchase up to 5.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have weighed in on VEEV. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Veeva Systems in a report on Tuesday, November 25th. Needham & Company LLC restated a “buy” rating and issued a $355.00 price target on shares of Veeva Systems in a research note on Friday, November 21st. KeyCorp reiterated a “sector weight” rating on shares of Veeva Systems in a research report on Friday, December 12th. Barclays cut their price objective on Veeva Systems from $325.00 to $305.00 and set an “overweight” rating for the company in a research report on Friday, November 21st. Finally, TD Cowen upgraded Veeva Systems from a “hold” rating to a “buy” rating and increased their target price for the company from $297.00 to $380.00 in a research report on Tuesday, October 7th. Eighteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $308.04.

Veeva Systems 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.