Public Employees Retirement System of Ohio Buys Shares of 74,736 Veeva Systems Inc. $VEEV

Public Employees Retirement System of Ohio purchased a new stake in shares of Veeva Systems Inc. (NYSE:VEEV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 74,736 shares of the technology company’s stock, valued at approximately $13,263,000.

Several other hedge funds have also made changes to their positions in VEEV. SHP Wealth Management purchased a new stake in Veeva Systems in the fourth quarter valued at $26,000. Arlington Trust Co LLC purchased a new stake in Veeva Systems in the second quarter valued at approximately $29,000. MV Capital Management Inc. purchased a new position in shares of Veeva Systems during the fourth quarter worth $30,000. Reflection Asset Management acquired a new position in Veeva Systems during the 4th quarter worth about $32,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in Veeva Systems in the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Veeva Systems Stock Up 0.2%

NYSE VEEV opened at $277.27 on Monday. The business’s 50-day moving average price is $208.48 and its 200 day moving average price is $184.39. Veeva Systems Inc. has a 52-week low of $148.05 and a 52-week high of $310.50. The firm has a market cap of $45.04 billion, a P/E ratio of 45.60, a P/E/G ratio of 1.19 and a beta of 0.92.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Wednesday, August 26th. The technology company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.12. Veeva Systems had a return on equity of 14.25% and a net margin of 29.34%.The firm had revenue of $927.96 million during the quarter, compared to the consensus estimate of $905.38 million. During the same period last year, the company earned $1.99 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. Veeva Systems has set its FY 2027 guidance at 9.210-9.210 EPS and its Q3 2027 guidance at 2.330-2.340 EPS. As a group, analysts anticipate that Veeva Systems Inc. will post 6.65 earnings per share for the current year.

Veeva Systems News Roundup

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

• Positive Sentiment: Beat-and-raise quarter: Veeva reported fiscal Q2 revenue of approximately $928 million, up 17.6% year over year and above expectations. Non-GAAP EPS of $2.35 also exceeded consensus, while next-quarter revenue guidance of about $933.5 million was roughly 1.5% ahead of estimates. VEEV Q2 Deep Dive: AI Expansion, CRM Wins, and Accelerating R&D Cloud Adoption
• Positive Sentiment: AI and CRM momentum: Management highlighted demand for its Falcon AI platform, record Vault CRM execution and increasing adoption of its Commercial Cloud products. The company expects its first Falcon customers to go live this year, supporting the growth outlook. VEEV Q2 Earnings Call Centers on Falcon and CRM Momentum
• Positive Sentiment: Shareholder returns and financial strength: Veeva’s $2 billion buyback—of which about $1.4 billion reportedly remains—may offset stock-based compensation and support EPS growth. Approximately $1.8 billion in cash, $5.4 billion in short-term investments and minimal debt provide balance-sheet flexibility.
• Positive Sentiment: Higher bullish targets: Barclays raised its target to $315, RBC to $325, Guggenheim to $310, Truist to $305 and Robert W. Baird to $300, with buy, outperform or overweight ratings. Analyst price-target updates
• Neutral Sentiment: Valuation is demanding: VEEV trades near $277, with a reported P/E ratio of 45.6, leaving less room for execution mistakes after the recent rally.
• Negative Sentiment: Analyst caution and consolidation: Citi maintained a neutral rating with a $273 target, while BMO, Canaccord and Morgan Stanley targets were below the current price. The latest weakness may therefore represent consolidation as investors digest strong results and reassess the stock’s premium valuation.

Insider Activity at Veeva Systems

In other news, insider Thomas D. Schwenger sold 36,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $250.23, for a total transaction of $9,008,280.00. Following the transaction, the insider directly owned 19,449 shares in the company, valued at $4,866,723.27. The trade was a 64.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 10.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on VEEV shares. Barclays upped their price target on Veeva Systems from $275.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday. TD Cowen upped their price objective on Veeva Systems from $235.00 to $283.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Oppenheimer increased their price target on shares of Veeva Systems from $225.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, August 17th. Wells Fargo & Company upped their price objective on shares of Veeva Systems from $317.00 to $320.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. Finally, Robert W. Baird lifted their target price on Veeva Systems from $260.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday. Nineteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $284.46.

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.