Veeva Systems (NYSE:VEEV) Hits New 1-Year Low – Here’s What Happened

Veeva Systems Inc. (NYSE:VEEV)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $177.81 and last traded at $177.1890, with a volume of 359789 shares traded. The stock had previously closed at $186.99.

Wall Street Analysts Forecast Growth

VEEV has been the topic of a number of analyst reports. BTIG Research reaffirmed a “buy” rating and set a $340.00 price objective on shares of Veeva Systems in a report on Friday, November 21st. BMO Capital Markets began coverage on shares of Veeva Systems in a research report on Thursday, November 13th. They issued a “market perform” rating and a $300.00 price objective for the company. Citigroup dropped their target price on shares of Veeva Systems from $349.00 to $319.00 and set a “buy” rating on the stock in a research report on Monday, November 24th. Weiss Ratings lowered Veeva Systems from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Finally, Canaccord Genuity Group reiterated a “buy” rating on shares of Veeva Systems in a report on Tuesday, November 25th. Eighteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $308.04.

Veeva Systems Price Performance

The firm has a fifty day simple moving average of $217.49 and a two-hundred day simple moving average of $258.59. The firm has a market capitalization of $28.67 billion, a P/E ratio of 33.93, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Thursday, November 20th. The technology company reported $2.04 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $792.37 million. During the same quarter in the prior year, the firm earned $1.75 EPS. The business’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. On average, research analysts anticipate that Veeva Systems Inc. will post 4.35 EPS for the current year.

Veeva Systems declared that its board has authorized a stock repurchase program on Monday, January 5th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the technology company to buy up to 5.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Veeva Systems

In related news, insider Thomas D. Schwenger sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The shares were 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 approximately $5,370,101.72. This trade represents a 4.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.30% of the company’s stock.

Hedge Funds Weigh In On Veeva Systems

A number of large investors have recently made changes to their positions in the stock. GPS Wealth Strategies Group LLC raised its stake in shares of 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 period. Board of the Pension Protection Fund purchased a new position in Veeva Systems during the 4th quarter valued at about $27,000. Raiffeisen Bank International AG bought a new stake in shares of Veeva Systems during the third quarter valued at about $28,000. Newbridge Financial Services Group Inc. increased its position in shares of Veeva Systems by 322.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 131 shares of the technology company’s stock valued at $29,000 after buying an additional 100 shares during the period. Finally, Activest Wealth Management lifted its holdings in shares of Veeva Systems by 3,175.0% in the fourth quarter. Activest Wealth Management now owns 131 shares of the technology company’s stock worth $29,000 after buying an additional 127 shares in the last quarter. 88.20% of the stock is owned by institutional investors.

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.