Quantum Capital Management LLC NJ Buys 36,413 Shares of Veeva Systems Inc. $VEEV

Quantum Capital Management LLC NJ increased its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 13.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 317,203 shares of the technology company’s stock after buying an additional 36,413 shares during the quarter. Veeva Systems comprises about 7.1% of Quantum Capital Management LLC NJ’s holdings, making the stock its 5th biggest position. Quantum Capital Management LLC NJ’s holdings in Veeva Systems were worth $55,720,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. SHP Wealth Management acquired a new position in Veeva Systems in the 4th quarter worth about $26,000. Newbridge Financial Services Group Inc. lifted its holdings 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 last quarter. Activest Wealth Management lifted 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 buying an additional 127 shares during the last quarter. MV Capital Management Inc. bought a new stake in shares of Veeva Systems in the 4th quarter valued at approximately $30,000. Finally, Reflection Asset Management bought a new stake in shares of Veeva Systems in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VEEV shares. TD Cowen restated a “buy” rating on shares of Veeva Systems in a report on Thursday, June 4th. Raymond James Financial reiterated an “outperform” rating and issued a $225.00 target price on shares of Veeva Systems in a research note on Thursday, June 4th. Wall Street Zen downgraded shares of Veeva Systems from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Evercore restated an “outperform” rating and set a $185.00 price target on shares of Veeva Systems in a research note on Thursday, June 4th. Finally, Zacks Research downgraded shares of Veeva Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Eighteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $247.74.

Insider Buying and Selling

In other 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 value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 company insiders.

Veeva Systems Stock Performance

Shares of NYSE VEEV opened at $184.29 on Thursday. The firm has a market cap of $29.94 billion, a price-to-earnings ratio of 32.85, a P/E/G ratio of 0.81 and a beta of 0.94. The business’s 50-day simple moving average is $173.59 and its 200-day simple moving average is $181.85. Veeva Systems Inc. has a 52 week low of $148.05 and a 52 week high of $310.50.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings data on Wednesday, June 3rd. The technology company reported $2.24 earnings per share 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 the consensus estimate of $857.73 million. During the same period last year, the business earned $1.97 EPS. The firm’s revenue was up 16.3% compared to the same quarter last year. 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. As a group, equities research analysts forecast that Veeva Systems Inc. will post 6.65 earnings per share for the current year.

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.