ABN AMRO Bank N.V. Makes New Investment in Veeva Systems Inc. $VEEV

ABN AMRO Bank N.V. acquired a new stake in shares of Veeva Systems Inc. (NYSE:VEEV) during the third quarter, Holdings Channel.com reports. The firm acquired 830,644 shares of the technology company’s stock, valued at approximately $246,625,000. Veeva Systems comprises about 2.4% of ABN AMRO Bank N.V.’s portfolio, making the stock its 12th biggest position.

Several other institutional investors have also recently made changes to their positions in VEEV. GPS Wealth Strategies Group LLC grew its holdings in Veeva Systems by 196.4% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock valued at $25,000 after purchasing an additional 55 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of Veeva Systems during the second quarter valued at approximately $29,000. OLD Second National Bank of Aurora bought a new position in shares of Veeva Systems during the third quarter valued at approximately $30,000. Legacy Investment Solutions LLC bought a new position in shares of Veeva Systems during the second quarter valued at approximately $32,000. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in shares of Veeva Systems by 58.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 133 shares of the technology company’s stock worth $38,000 after buying an additional 49 shares during the period. Institutional investors own 88.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on VEEV shares. UBS Group dropped their price objective on Veeva Systems from $310.00 to $280.00 and set a “neutral” rating for the company in a report on Friday, November 21st. KeyCorp reissued a “sector weight” rating on shares of Veeva Systems in a research note on Friday, December 12th. Citigroup reduced their price target on shares of Veeva Systems from $349.00 to $319.00 and set a “buy” rating on the stock in a research note on Monday, November 24th. Wall Street Zen cut shares of Veeva Systems from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, Truist Financial upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating in a research note on Thursday, January 8th. Eighteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $308.04.

Veeva Systems Price Performance

Shares of Veeva Systems stock opened at $190.86 on Thursday. The stock has a market cap of $31.37 billion, a price-to-earnings ratio of 37.13, a PEG ratio of 1.32 and a beta of 1.08. The firm’s 50-day moving average is $224.60 and its two-hundred day moving average is $262.82. Veeva Systems Inc. has a 1 year low of $184.54 and a 1 year high of $310.50.

Veeva Systems (NYSE:VEEV) last announced 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 net margin of 27.93% and a return on equity of 13.68%. The firm had revenue of $0.81 million during the quarter, compared to analysts’ expectations of $792.37 million. During the same quarter in the prior year, the company earned $1.75 EPS. The company’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 analysts expect that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Veeva Systems declared that its Board of Directors has approved a share buyback program on Monday, January 5th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the technology company to purchase up to 5.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,000 shares of the stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $231.43, for a total transaction of $231,430.00. Following the sale, the insider owned 23,204 shares of the company’s stock, valued at approximately $5,370,101.72. This trade represents a 4.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 10.30% of the company’s stock.

About Veeva Systems

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.