PensionDanmark Pensionsforsikringsaktieselskab Boosts Holdings in Veeva Systems Inc. $VEEV

PensionDanmark Pensionsforsikringsaktieselskab grew its position in Veeva Systems Inc. (NYSE:VEEV) by 37.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,291 shares of the technology company’s stock after acquiring an additional 16,457 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Veeva Systems were worth $10,700,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VEEV. SHP Wealth Management bought a new position in Veeva Systems during the 4th quarter valued at about $26,000. Newbridge Financial Services Group Inc. lifted its stake in Veeva Systems by 322.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 131 shares of the technology company’s stock worth $29,000 after purchasing an additional 100 shares during the last quarter. Activest Wealth Management lifted its stake in 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 purchasing an additional 127 shares during the last quarter. MV Capital Management Inc. purchased a new position in shares of Veeva Systems during the fourth quarter valued at approximately $30,000. Finally, Reflection Asset Management purchased a new position in shares of Veeva Systems during the fourth quarter valued at approximately $32,000. Institutional investors own 88.20% of the company’s stock.

Veeva Systems Price Performance

Shares of NYSE VEEV opened at $229.93 on Friday. Veeva Systems Inc. has a 1-year low of $148.05 and a 1-year high of $310.50. The business has a fifty day moving average price of $183.83 and a 200 day moving average price of $180.11. The stock has a market capitalization of $37.35 billion, a P/E ratio of 40.99, a price-to-earnings-growth ratio of 0.94 and a beta of 0.92.

Veeva Systems (NYSE:VEEV) last posted its earnings results on Wednesday, June 3rd. The technology company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.10. The company had revenue of $882.95 million for the quarter, compared to analyst estimates of $857.73 million. Veeva Systems had a return on equity of 13.72% and a net margin of 28.37%.The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.97 earnings per share. Veeva Systems has set its FY 2027 guidance at 9.050-9.050 EPS and its Q2 2027 guidance at 2.210-2.220 EPS. As a group, equities research analysts anticipate that Veeva Systems Inc. will post 6.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

VEEV has been the topic of several recent analyst reports. Wells Fargo & Company increased their price target on Veeva Systems from $317.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, June 4th. BTIG Research restated a “buy” rating and set a $340.00 price objective on shares of Veeva Systems in a report on Thursday, June 4th. BNP Paribas Exane restated an “outperform” rating and issued a $285.00 price target on shares of Veeva Systems in a report on Thursday, June 4th. Canaccord Genuity Group lowered their target price on Veeva Systems from $235.00 to $220.00 and set a “hold” rating for the company in a report on Thursday, June 4th. Finally, Barclays dropped their price target on Veeva Systems from $250.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Veeva Systems presently has an average rating of “Moderate Buy” and an average price target of $247.08.

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.