Jupiter Asset Management Ltd. Decreases Stake in Veeva Systems Inc. $VEEV

Jupiter Asset Management Ltd. lessened its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 32.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,938 shares of the technology company’s stock after selling 30,768 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Veeva Systems were worth $19,048,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Jensen Investment Management Inc. increased its stake in Veeva Systems by 1,924.5% during the third quarter. Jensen Investment Management Inc. now owns 413,213 shares of the technology company’s stock worth $123,100,000 after purchasing an additional 392,802 shares during the period. Principal Financial Group Inc. increased its stake in Veeva Systems by 11.2% during the 3rd quarter. Principal Financial Group Inc. now owns 3,846,877 shares of the technology company’s stock worth $1,146,040,000 after buying an additional 388,864 shares during the period. Alphinity Investment Management Pty Ltd acquired a new stake in Veeva Systems during the 3rd quarter worth approximately $422,241,000. Compass Wealth Management LLC acquired a new stake in Veeva Systems during the 3rd quarter worth approximately $18,694,000. Finally, ABN AMRO Bank N.V. purchased a new position in Veeva Systems in the 3rd quarter valued at approximately $246,625,000. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Key Veeva Systems News

Here are the key news stories impacting Veeva Systems this week:

• Positive Sentiment: RBC Capital reiterated its Buy stance on VEEV, signaling continued institutional confidence in Veeva’s growth profile and commercial software exposure. RBC Sticks to Buy
• Positive Sentiment: Morgan Stanley upgraded VEEV (upgrade reported), adding upward analyst support that can attract buyers who follow institutional ratings. Morgan Stanley Upgrade
• Positive Sentiment: Veeva closed higher in the most recent session, showing short-term buying interest after recent weakness. Veeva Closes Higher
• Neutral Sentiment: JPMorgan trimmed its price target from $330 to $296 but kept an Overweight rating — a signal that the bank still sees upside even while moderating expectations. JPMorgan PT Cut
• Neutral Sentiment: UBS lowered its target from $280 to $200 and moved to a Neutral rating — reducing near-term upside from that shop and likely tempering enthusiasm from UBS-following investors. UBS PT Cut
• Neutral Sentiment: Analyst/opinion pieces weigh two reasons to like VEEV (platform strength, recurring revenue) against one concern — signaling a balanced view for investors considering re-entry after recent losses. 2 Reasons to Like VEEV
• Negative Sentiment: Asset managers cite a broader sector rotation out of technology and software, which has pressured Veeva alongside peers — a macro/flow-driven headwind that can keep volatility elevated. Sector Rotation

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Canaccord Genuity Group reiterated a “buy” rating on shares of Veeva Systems in a research note on Tuesday, November 25th. Needham & Company LLC reiterated a “buy” rating and issued a $355.00 price objective on shares of Veeva Systems in a research note on Friday, November 21st. Morgan Stanley raised Veeva Systems from an “underweight” rating to an “equal weight” rating and lowered their price objective for the stock from $222.00 to $205.00 in a research report on Tuesday. Wells Fargo & Company cut their target price on shares of Veeva Systems from $341.00 to $333.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Finally, Robert W. Baird lifted their price target on shares of Veeva Systems from $314.00 to $319.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. Eighteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $302.58.

Veeva Systems Stock Down 1.2%

Shares of VEEV opened at $180.45 on Friday. The company has a market capitalization of $29.66 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 1.26 and a beta of 1.08. Veeva Systems Inc. has a 52-week low of $168.13 and a 52-week high of $310.50. The stock has a 50 day moving average price of $211.00 and a 200 day moving average price of $254.09.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings data 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. The business had revenue of $0.81 million during the quarter, compared to the consensus estimate of $792.37 million. Veeva Systems had a net margin of 27.93% and a return on equity of 13.68%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.75 EPS. On average, equities analysts anticipate 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 plan on Monday, January 5th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the technology company to repurchase up to 5.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,000 shares of the company’s stock in a transaction 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 owned 23,204 shares in the company, 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 currently owned by company insiders.

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.