Jefferies Financial Group Inc. Acquires 6,986 Shares of Veeva Systems Inc. $VEEV

Jefferies Financial Group Inc. increased its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 159.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,356 shares of the technology company’s stock after purchasing an additional 6,986 shares during the period. Jefferies Financial Group Inc.’s holdings in Veeva Systems were worth $2,535,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. MQS Management LLC bought a new stake in shares of Veeva Systems during the fourth quarter valued at approximately $271,000. Cumberland Partners Ltd increased its position in shares of Veeva Systems by 67.7% during the fourth quarter. Cumberland Partners Ltd now owns 26,000 shares of the technology company’s stock valued at $5,804,000 after purchasing an additional 10,500 shares during the period. Americana Partners LLC increased its position in shares of Veeva Systems by 44.8% during the fourth quarter. Americana Partners LLC now owns 2,253 shares of the technology company’s stock valued at $503,000 after purchasing an additional 697 shares during the period. BOK Financial Private Wealth Inc. bought a new stake in shares of Veeva Systems during the fourth quarter valued at approximately $33,000. Finally, FourThought Financial Partners LLC increased its position in shares of Veeva Systems by 3.0% during the fourth quarter. FourThought Financial Partners LLC now owns 18,517 shares of the technology company’s stock valued at $4,134,000 after purchasing an additional 545 shares during the period. 88.20% of the stock is currently owned by institutional investors.

Veeva Systems Price Performance

Shares of VEEV stock opened at $158.34 on Wednesday. The stock’s fifty day simple moving average is $167.57 and its 200 day simple moving average is $201.80. The firm has a market cap of $25.86 billion, a price-to-earnings ratio of 29.27, a P/E/G ratio of 0.71 and a beta of 0.92. Veeva Systems Inc. has a one year low of $148.05 and a one year high of $310.50.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Wednesday, March 4th. The technology company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.94 by $0.12. The business had revenue of $835.95 million for the quarter, compared to analyst estimates of $810.95 million. Veeva Systems had a return on equity of 13.80% and a net margin of 28.44%.Veeva Systems’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.74 EPS. 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, research analysts anticipate that Veeva Systems Inc. will post 6.45 earnings per share for the current year.

Wall Street Analyst Weigh In

VEEV has been the topic of a number of research reports. Oppenheimer lowered their price objective on Veeva Systems from $275.00 to $225.00 and set an “outperform” rating on the stock in a research report on Monday, May 18th. Stifel Nicolaus boosted their price objective on Veeva Systems from $212.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Wells Fargo & Company lowered their price objective on Veeva Systems from $333.00 to $317.00 and set an “overweight” rating on the stock in a research report on Thursday, March 5th. William Blair restated an “outperform” rating on shares of Veeva Systems in a research report on Tuesday, March 10th. Finally, UBS Group boosted their price objective on Veeva Systems from $200.00 to $220.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $276.52.

Insider Buying and Selling

In related news, Director Priscilla Hung sold 750 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $155.64, for a total value of $116,730.00. Following the sale, the director owned 3,253 shares of the company’s stock, valued at $506,296.92. The trade was a 18.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.60% of the stock is currently owned by corporate insiders.

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.