Jensen Investment Management Inc. Has $123.10 Million Holdings in Veeva Systems Inc. $VEEV

Jensen Investment Management Inc. boosted its holdings in Veeva Systems Inc. (NYSE:VEEV) by 1,924.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 413,213 shares of the technology company’s stock after acquiring an additional 392,802 shares during the period. Veeva Systems comprises 1.5% of Jensen Investment Management Inc.’s holdings, making the stock its 23rd biggest position. Jensen Investment Management Inc.’s holdings in Veeva Systems were worth $123,100,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of VEEV. GPS Wealth Strategies Group LLC increased its holdings in shares of Veeva Systems by 196.4% during the third quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock worth $25,000 after purchasing an additional 55 shares during the period. Trust Co. of Toledo NA OH bought a new position in Veeva Systems during the 2nd quarter worth $29,000. OLD Second National Bank of Aurora bought a new stake in Veeva Systems during the third quarter worth about $30,000. Legacy Investment Solutions LLC acquired a new position in Veeva Systems during the second quarter worth about $32,000. Finally, Cary Street Partners Investment Advisory LLC raised its stake 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 own 88.20% of the company’s stock.

Insider Activity

In related news, insider Thomas D. Schwenger sold 1,000 shares of Veeva Systems stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $231.43, for a total value of $231,430.00. Following the transaction, the insider directly owned 23,204 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 10.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently 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 target on the stock. UBS Group cut their target price on shares of Veeva Systems from $310.00 to $280.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. Jefferies Financial Group reaffirmed a “buy” rating and set a $330.00 target price on shares of Veeva Systems in a research note on Monday, November 24th. KeyCorp reiterated a “sector weight” rating on shares of Veeva Systems in a report on Friday, December 12th. Finally, The Goldman Sachs Group initiated coverage on Veeva Systems in a report on Tuesday, January 13th. They set a “sell” rating and a $215.00 price objective on the stock. Eighteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $308.04.

Veeva Systems Stock Performance

Shares of NYSE:VEEV opened at $187.00 on Wednesday. Veeva Systems Inc. has a 52 week low of $177.88 and a 52 week high of $310.50. The firm has a market cap of $30.74 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 1.28 and a beta of 1.08. The firm’s fifty day moving average is $220.17 and its 200-day moving average is $259.77.

Veeva Systems (NYSE:VEEV) last announced its earnings results 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 business had revenue of $0.81 million during 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%.Veeva Systems’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $1.75 EPS. 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. Sell-side analysts forecast that Veeva Systems Inc. will post 4.35 EPS for the current year.

Veeva Systems announced that its board has authorized a stock buyback program on Monday, January 5th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the technology company to repurchase up to 5.5% of its stock through open market purchases. Stock buyback programs 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.