Brokerages Set Veeva Systems Inc. (NYSE:VEEV) Target Price at $308.04

Shares of Veeva Systems Inc. (NYSE:VEEV) have received an average recommendation of “Moderate Buy” from the twenty-six brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $308.0417.

A number of equities research analysts have recently issued reports on VEEV shares. BMO Capital Markets began coverage on shares of Veeva Systems in a research note on Thursday, November 13th. They issued a “market perform” rating and a $300.00 price target on the stock. The Goldman Sachs Group initiated coverage on Veeva Systems in a research report on Tuesday, January 13th. They issued a “sell” rating and a $215.00 target price on the stock. TD Cowen upgraded Veeva Systems from a “hold” rating to a “buy” rating and raised their price target for the stock from $297.00 to $380.00 in a research report on Tuesday, October 7th. Needham & Company LLC reiterated a “buy” rating and issued a $355.00 price objective on shares of Veeva Systems in a report on Friday, November 21st. Finally, Robert W. Baird raised their target price on Veeva Systems from $314.00 to $319.00 and gave the company an “outperform” rating in a report on Friday, November 21st.

Veeva Systems Stock Down 3.8%

VEEV stock opened at $209.70 on Friday. Veeva Systems has a 52-week low of $201.54 and a 52-week high of $310.50. The stock has a market cap of $34.47 billion, a price-to-earnings ratio of 40.80, a price-to-earnings-growth ratio of 1.61 and a beta of 1.07. The business has a fifty day moving average of $228.05 and a two-hundred day moving average of $265.26.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings results 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. The business had revenue of $0.81 million during the quarter, compared to analysts’ expectations of $792.37 million. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The company’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.75 EPS. 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, sell-side analysts anticipate that Veeva Systems will post 4.35 EPS for the current year.

Veeva Systems declared that its board has approved a stock buyback plan 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 shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,000 shares of the stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total transaction of $231,430.00. Following the sale, the insider directly owned 23,204 shares in the company, valued at $5,370,101.72. This represents a 4.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 10.30% of the stock is currently owned by insiders.

Institutional Trading of Veeva Systems

Several hedge funds have recently modified their holdings of the stock. Sivia Capital Partners LLC increased its holdings in Veeva Systems by 225.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,122 shares of the technology company’s stock worth $899,000 after purchasing an additional 2,164 shares during the period. Sowell Financial Services LLC increased its stake in shares of Veeva Systems by 34.2% during the second quarter. Sowell Financial Services LLC now owns 1,590 shares of the technology company’s stock worth $458,000 after buying an additional 405 shares during the period. GAMMA Investing LLC raised its holdings in Veeva Systems by 22.4% in the second quarter. GAMMA Investing LLC now owns 2,232 shares of the technology company’s stock valued at $643,000 after acquiring an additional 409 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in Veeva Systems by 334.6% in the second quarter. AdvisorNet Financial Inc now owns 352 shares of the technology company’s stock worth $101,000 after acquiring an additional 271 shares during the last quarter. Finally, Maseco LLP acquired a new position in Veeva Systems during the 2nd quarter worth approximately $35,000. 88.20% of the stock is currently owned by institutional investors and hedge funds.

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.