Comerica Bank Has $2.78 Million Stock Holdings in Veeva Systems Inc. $VEEV

Comerica Bank cut its position in Veeva Systems Inc. (NYSE:VEEV) by 62.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,448 shares of the technology company’s stock after selling 20,730 shares during the quarter. Comerica Bank’s holdings in Veeva Systems were worth $2,779,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. GPS Wealth Strategies Group LLC grew its stake in shares of Veeva Systems by 196.4% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock valued at $25,000 after buying an additional 55 shares during the period. Raiffeisen Bank International AG acquired a new stake in shares of Veeva Systems in the 3rd quarter valued at about $28,000. OLD Second National Bank of Aurora acquired a new stake in shares of Veeva Systems in the 3rd quarter valued at about $30,000. Board of the Pension Protection Fund acquired a new stake in shares of Veeva Systems in the 4th quarter valued at about $27,000. Finally, Newbridge Financial Services Group Inc. grew its stake in shares of Veeva Systems by 322.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 131 shares of the technology company’s stock valued at $29,000 after buying an additional 100 shares during the period. 88.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Veeva Systems

In other Veeva Systems news, Director Priscilla Hung sold 750 shares of Veeva Systems stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $155.64, for a total transaction of $116,730.00. Following the transaction, the director owned 3,253 shares of the company’s stock, valued at $506,296.92. This trade represents a 18.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.30% of the stock is currently owned by corporate insiders.

Veeva Systems News Roundup

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

• Positive Sentiment: S&P 500 addition and GC transition: Veeva’s inclusion in the S&P 500 and reported general counsel transition triggered strong buying interest, a primary reason for today’s upside as index funds and ETFs track the addition. Read More.
• Positive Sentiment: GenAI tailwinds: Multiple industry write-ups single out Veeva as a beneficiary of accelerating GenAI adoption in healthcare — reinforcing the growth story and investor appetite for software companies exposed to AI-driven workflow demand. Read More.
• Positive Sentiment: Analyst consensus / “Moderate Buy”: Broker surveys and coverage summaries show a constructive analyst stance (consensus “Moderate Buy”), which supports momentum following the S&P news and can attract additional buy-side interest. Read More.
• Neutral Sentiment: Brokerage commentary / ABR pieces: Media stories noting that brokers suggest buying Veeva may amplify demand, but several caution that average broker ratings can be optimistic — useful for sentiment but not definitive fundamental change. Read More.
• Neutral Sentiment: Coverage repeat: Additional write-ups (Zacks / industry pieces) reiterate the GenAI angle and the firm’s positioning — supportive background but largely confirmatory rather than news-driving. Read More.
• Negative Sentiment: Insider sale disclosed: Director Priscilla Hung sold 750 shares under a Rule 10b5-1 plan; while pre-arranged plans are common, insider selling can prompt some investors to reassess near-term conviction. Read More.
• Neutral Sentiment: Price action write-ups: Market observers noted a gap-up and heightened volume following the S&P inclusion — validates the move but doesn’t add new fundamentals. Read More.

Veeva Systems Stock Performance

Shares of NYSE VEEV opened at $170.47 on Tuesday. Veeva Systems Inc. has a fifty-two week low of $148.05 and a fifty-two week high of $310.50. The stock has a market cap of $27.84 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 0.77 and a beta of 0.92. The firm’s 50-day simple moving average is $174.70 and its 200 day simple moving average is $216.26.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Wednesday, March 4th. The technology company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.12. Veeva Systems had a net margin of 28.44% and a return on equity of 13.80%. The business had revenue of $835.95 million for the quarter, compared to analysts’ expectations of $810.95 million. During the same quarter last year, the firm earned $1.74 EPS. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. Veeva Systems has set its FY 2027 guidance at 8.850- EPS and its Q1 2027 guidance at 2.130-2.14 EPS. On average, sell-side analysts predict that Veeva Systems Inc. will post 6.41 EPS for the current year.

Veeva Systems declared that its board has approved a stock buyback program on Monday, January 5th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the technology company to reacquire up to 5.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have recently commented on VEEV shares. Wall Street Zen downgraded Veeva Systems from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Canaccord Genuity Group reduced their target price on Veeva Systems from $280.00 to $235.00 and set a “hold” rating for the company in a research note on Thursday, March 5th. UBS Group raised their price target on shares of Veeva Systems from $200.00 to $220.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. dropped their price target on shares of Veeva Systems from $330.00 to $296.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Finally, TD Cowen dropped their price target on shares of Veeva Systems from $380.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Veeva Systems currently has an average rating of “Moderate Buy” and an average price target of $278.70.

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.