16,491 Shares in Veeva Systems Inc. $VEEV Acquired by OP Asset Management Ltd

OP Asset Management Ltd bought a new stake in shares of Veeva Systems Inc. (NYSE:VEEV) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 16,491 shares of the technology company’s stock, valued at approximately $2,897,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SHP Wealth Management bought a new stake in Veeva Systems during the fourth quarter worth approximately $26,000. Board of the Pension Protection Fund acquired a new position in shares of Veeva Systems in the 4th quarter valued at about $27,000. Newbridge Financial Services Group Inc. boosted its stake in shares of Veeva Systems by 322.6% during 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. Activest Wealth Management grew its holdings in shares of Veeva Systems by 3,175.0% during the 4th quarter. Activest Wealth Management now owns 131 shares of the technology company’s stock valued at $29,000 after acquiring an additional 127 shares in the last quarter. Finally, MV Capital Management Inc. acquired a new position in shares of Veeva Systems in the fourth quarter worth $30,000. Institutional investors own 88.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Robert W. Baird increased their price objective on Veeva Systems from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, June 4th. Canaccord Genuity Group reduced their price target on Veeva Systems from $235.00 to $220.00 and set a “hold” rating for the company in a report on Thursday, June 4th. The Goldman Sachs Group dropped their price objective on Veeva Systems from $190.00 to $165.00 and set a “sell” rating on the stock in a report on Thursday, June 4th. Citigroup raised their price target on shares of Veeva Systems from $176.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Finally, BTIG Research restated a “buy” rating and issued a $340.00 target price on shares of Veeva Systems in a report on Thursday, June 4th. Eighteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $250.96.

Veeva Systems Stock Performance

NYSE VEEV opened at $171.28 on Friday. Veeva Systems Inc. has a twelve month low of $148.05 and a twelve month high of $310.50. The stock has a market cap of $27.82 billion, a PE ratio of 30.53, a PEG ratio of 0.74 and a beta of 0.95. The firm has a 50-day simple moving average of $163.76 and a 200 day simple moving average of $186.42.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Wednesday, June 3rd. The technology company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.10. Veeva Systems had a return on equity of 13.72% and a net margin of 28.37%.The business had revenue of $882.95 million for the quarter, compared to analysts’ expectations of $857.73 million. During the same period in the previous year, the business posted $1.97 earnings per share. Veeva Systems’s quarterly revenue was up 16.3% on a year-over-year basis. Veeva Systems has set its FY 2027 guidance at 9.050-9.050 EPS and its Q2 2027 guidance at 2.210-2.220 EPS. Research analysts forecast that Veeva Systems Inc. will post 6.65 earnings per share for the current fiscal year.

Insider Buying and Selling

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 stock was sold at an average price of $155.64, for a total transaction of $116,730.00. Following the sale, the director directly owned 3,253 shares of the company’s stock, valued at approximately $506,296.92. The trade was a 18.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.