Schaper Benz & Wise Investment Counsel Inc. WI Buys 19,254 Shares of Veeva Systems Inc. $VEEV

Schaper Benz & Wise Investment Counsel Inc. WI lifted its stake in shares of Veeva Systems Inc. (NYSE:VEEV) by 132.3% during the 4th quarter, HoldingsChannel reports. The firm owned 33,802 shares of the technology company’s stock after acquiring an additional 19,254 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Veeva Systems were worth $7,546,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in VEEV. Sivia Capital Partners LLC boosted its position in Veeva Systems by 225.9% in the second quarter. Sivia Capital Partners LLC now owns 3,122 shares of the technology company’s stock valued at $899,000 after buying an additional 2,164 shares in the last quarter. MAI Capital Management increased its holdings in shares of Veeva Systems by 21.3% during the second quarter. MAI Capital Management now owns 1,173 shares of the technology company’s stock worth $338,000 after buying an additional 206 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Veeva Systems by 6.1% in the 2nd quarter. American Century Companies Inc. now owns 501,713 shares of the technology company’s stock valued at $144,483,000 after acquiring an additional 28,878 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Veeva Systems by 1.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 736,493 shares of the technology company’s stock valued at $212,095,000 after acquiring an additional 13,804 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of Veeva Systems in the second quarter valued at approximately $1,947,000. 88.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Veeva Systems

In other news, insider Thomas D. Schwenger sold 1,000 shares of the company’s 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 completion of the transaction, the insider directly owned 23,204 shares of the company’s stock, valued at $5,370,101.72. This represents a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 10.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VEEV. The Goldman Sachs Group assumed coverage on shares of Veeva Systems in a research report on Tuesday, January 13th. They issued a “sell” rating and a $215.00 price target for the company. Weiss Ratings lowered Veeva Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Wall Street Zen lowered shares of Veeva Systems from a “buy” rating to a “hold” rating in a report on Sunday. Canaccord Genuity Group decreased their price target on Veeva Systems from $280.00 to $235.00 and set a “hold” rating for the company in a report on Thursday, March 5th. Finally, KeyCorp reissued a “sector weight” rating on shares of Veeva Systems in a research report on Friday, December 12th. Seventeen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $283.70.

Veeva Systems Stock Performance

Shares of VEEV opened at $179.20 on Wednesday. The stock has a 50 day moving average price of $192.81 and a two-hundred day moving average price of $239.08. The firm has a market capitalization of $29.46 billion, a P/E ratio of 33.12, a P/E/G ratio of 1.22 and a beta of 1.09. Veeva Systems Inc. has a 52 week low of $168.13 and a 52 week high of $310.50.

Veeva Systems (NYSE:VEEV) last announced its earnings results on Wednesday, March 4th. The technology company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.94 by $0.12. Veeva Systems had a net margin of 28.44% and a return on equity of 13.80%. The company had revenue of $835.95 million during the quarter, compared to the consensus estimate of $810.95 million. During the same quarter in the prior year, the company posted $1.74 earnings per share. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. Veeva Systems has set its FY 2027 guidance at 8.850- EPS and its Q1 2027 guidance at 2.130-2.14 EPS. On average, equities analysts forecast that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Veeva Systems announced that its Board of Directors has initiated a stock repurchase plan on Monday, January 5th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the technology company to purchase up to 5.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors 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.