BI Asset Management Fondsmaeglerselskab A S Increases Holdings in Veeva Systems Inc. $VEEV

BI Asset Management Fondsmaeglerselskab A S increased its position in Veeva Systems Inc. (NYSE:VEEV) by 293.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 26,979 shares of the technology company’s stock after buying an additional 20,121 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Veeva Systems were worth $8,037,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VEEV. Vanguard Group Inc. lifted its holdings in shares of Veeva Systems by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 14,971,425 shares of the technology company’s stock worth $4,311,471,000 after acquiring an additional 210,859 shares during the last quarter. Alliancebernstein L.P. raised its position in Veeva Systems by 3.7% in the 2nd quarter. Alliancebernstein L.P. now owns 5,705,648 shares of the technology company’s stock worth $1,643,113,000 after purchasing an additional 205,997 shares during the period. Principal Financial Group Inc. lifted its stake in Veeva Systems by 11.2% in the third quarter. Principal Financial Group Inc. now owns 3,846,877 shares of the technology company’s stock worth $1,146,040,000 after purchasing an additional 388,864 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Veeva Systems by 2.6% in the second quarter. JPMorgan Chase & Co. now owns 3,316,274 shares of the technology company’s stock worth $955,030,000 after purchasing an additional 85,516 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Veeva Systems by 3.8% during the second quarter. Geode Capital Management LLC now owns 3,092,539 shares of the technology company’s stock valued at $888,108,000 after buying an additional 114,003 shares during the period. 88.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Robert W. Baird lifted their price objective on Veeva Systems from $314.00 to $319.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $330.00 price target on shares of Veeva Systems in a research note on Monday, November 24th. Wall Street Zen downgraded Veeva Systems from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Truist Financial raised Veeva Systems from a “hold” rating to a “buy” rating in a research note on Thursday, January 8th. Finally, The Goldman Sachs Group started coverage on shares of Veeva Systems in a research note on Tuesday, January 13th. They issued a “sell” rating and a $215.00 target price on the stock. Eighteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $308.04.

Insider Buying and Selling at Veeva Systems

In related news, insider Thomas D. Schwenger sold 1,000 shares of the stock in a transaction dated 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 $5,370,101.72. This represents a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 10.30% of the company’s stock.

Veeva Systems Stock Performance

Shares of VEEV stock opened at $183.74 on Friday. Veeva Systems Inc. has a fifty-two week low of $182.87 and a fifty-two week high of $310.50. The firm has a market cap of $30.20 billion, a P/E ratio of 35.75, a P/E/G ratio of 1.32 and a beta of 1.08. The business’s 50 day moving average price is $223.46 and its 200-day moving average price is $262.27.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Thursday, November 20th. The technology company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.09. The company had revenue of $0.81 million during the quarter, compared to analyst estimates of $792.37 million. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The firm’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.75 earnings per share. 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, equities analysts predict that Veeva Systems Inc. will post 4.35 EPS for the current year.

Veeva Systems announced that its board has authorized a stock buyback plan on Monday, January 5th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 5.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.