Veeva Systems (NYSE:VEEV) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Veeva Systems (NYSE:VEEV) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. raised shares of Veeva Systems from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $290.00 to $330.00 in a research note on Monday, September 8th. Barclays lowered their target price on shares of Veeva Systems from $325.00 to $305.00 and set an “overweight” rating on the stock in a report on Friday, November 21st. UBS Group cut their price target on shares of Veeva Systems from $310.00 to $280.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Raymond James Financial reaffirmed an “outperform” rating and issued a $340.00 price objective (up previously from $310.00) on shares of Veeva Systems in a report on Thursday, August 28th. Finally, Piper Sandler boosted their target price on Veeva Systems from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Nineteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $307.42.

Veeva Systems Stock Down 1.2%

NYSE VEEV opened at $238.98 on Friday. The firm has a market cap of $39.28 billion, a P/E ratio of 46.49, a P/E/G ratio of 1.80 and a beta of 1.05. Veeva Systems has a 52-week low of $201.54 and a 52-week high of $310.50. The business’s 50-day moving average price is $278.95 and its 200 day moving average price is $279.19.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Thursday, November 20th. The technology company reported $2.04 earnings per share for the quarter, topping 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 company had revenue of $0.81 million during the quarter, compared to analysts’ expectations of $792.37 million. During the same period last year, the firm earned $1.75 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. 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. As a group, analysts anticipate that Veeva Systems will post 4.35 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Jonathan Faddis sold 720 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $298.12, for a total transaction of $214,646.40. Following the completion of the transaction, the senior vice president directly owned 7,868 shares of the company’s stock, valued at $2,345,608.16. This trade represents a 8.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of Veeva Systems stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $306.62, for a total value of $1,839,720.00. Following the transaction, the insider owned 25,325 shares of the company’s stock, valued at $7,765,151.50. This represents a 19.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 24,665 shares of company stock worth $7,438,000 in the last three months. Corporate insiders own 10.30% of the company’s stock.

Hedge Funds Weigh In On Veeva Systems

A number of institutional investors have recently made changes to their positions in the stock. ASR Vermogensbeheer N.V. increased its stake in shares of Veeva Systems by 64.2% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 5,167 shares of the technology company’s stock valued at $1,488,000 after acquiring an additional 2,020 shares during the last quarter. Stevens Capital Management LP acquired a new stake in shares of Veeva Systems in the second quarter worth approximately $306,000. QRG Capital Management Inc. grew its holdings in Veeva Systems by 15.7% in the second quarter. QRG Capital Management Inc. now owns 12,771 shares of the technology company’s stock valued at $3,678,000 after purchasing an additional 1,735 shares during the period. Merit Financial Group LLC increased its position in Veeva Systems by 12.5% during the second quarter. Merit Financial Group LLC now owns 45,247 shares of the technology company’s stock worth $13,030,000 after purchasing an additional 5,042 shares during the last quarter. Finally, Penserra Capital Management LLC raised its stake in Veeva Systems by 409.4% during the second quarter. Penserra Capital Management LLC now owns 3,693 shares of the technology company’s stock worth $1,062,000 after purchasing an additional 2,968 shares during the period. 88.20% of the stock is owned by institutional investors and hedge funds.

Veeva Systems Company Profile

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.