Candriam S.C.A. Acquires 3,464 Shares of Veeva Systems Inc. $VEEV

Candriam S.C.A. lifted its holdings in Veeva Systems Inc. (NYSE:VEEV) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 258,784 shares of the technology company’s stock after purchasing an additional 3,464 shares during the quarter. Candriam S.C.A.’s holdings in Veeva Systems were worth $77,094,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in VEEV. GPS Wealth Strategies Group LLC increased its stake in Veeva Systems by 196.4% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock valued at $25,000 after buying an additional 55 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Veeva Systems in the 2nd quarter valued at about $29,000. OLD Second National Bank of Aurora bought a new position in shares of Veeva Systems in the 3rd quarter valued at about $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of Veeva Systems in the second quarter valued at about $32,000. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in Veeva Systems by 58.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 133 shares of the technology company’s stock worth $38,000 after acquiring an additional 49 shares in the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Insider Activity at Veeva Systems

In related news, insider Thomas D. Schwenger sold 1,000 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total value of $231,430.00. Following the transaction, the insider owned 23,204 shares in the company, valued at approximately $5,370,101.72. This represents a 4.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.30% of the company’s stock.

Veeva Systems Trading Down 0.1%

VEEV stock opened at $183.63 on Monday. Veeva Systems Inc. has a 1-year low of $177.88 and a 1-year high of $310.50. The business’s 50 day simple moving average is $222.33 and its 200 day simple moving average is $261.25. The firm has a market capitalization of $30.19 billion, a PE ratio of 35.73, a PEG ratio of 1.27 and a beta of 1.08.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Thursday, November 20th. The technology company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the business posted $1.75 earnings per share. The company’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 and its Q4 2026 guidance at 1.920-1.920 EPS. As a group, sell-side analysts predict that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Veeva Systems announced that its Board of Directors has initiated a share repurchase program on Monday, January 5th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the technology company to buy up to 5.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages recently commented on VEEV. BTIG Research reissued a “buy” rating and set a $340.00 price target on shares of Veeva Systems in a research report on Friday, November 21st. Jefferies Financial Group reiterated a “buy” rating and set a $330.00 price objective on shares of Veeva Systems in a research note on Monday, November 24th. UBS Group decreased their target price on shares of Veeva Systems from $310.00 to $280.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. The Goldman Sachs Group started coverage on shares of Veeva Systems in a report on Tuesday, January 13th. They set a “sell” rating and a $215.00 target price on the stock. Finally, Barclays dropped their price target on shares of Veeva Systems from $325.00 to $305.00 and set an “overweight” rating on the stock in a research report on Friday, November 21st. Eighteen analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Veeva Systems has a consensus rating of “Moderate Buy” and a consensus price target 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.