Tudor Financial Inc. raised its holdings in shares of Veeva Systems Inc. (NYSE:VEEV – Free Report) by 497.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,150 shares of the technology company’s stock after acquiring an additional 2,623 shares during the period. Tudor Financial Inc.’s holdings in Veeva Systems were worth $559,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Sivia Capital Partners LLC lifted its stake in Veeva Systems by 225.9% in the second quarter. Sivia Capital Partners LLC now owns 3,122 shares of the technology company’s stock valued at $899,000 after buying an additional 2,164 shares during the period. Bank of Nova Scotia grew its position in shares of Veeva Systems by 44.5% during the 2nd quarter. Bank of Nova Scotia now owns 5,866 shares of the technology company’s stock worth $1,689,000 after buying an additional 1,806 shares during the period. NewEdge Advisors LLC grew its position in shares of Veeva Systems by 34.6% during the 2nd quarter. NewEdge Advisors LLC now owns 8,832 shares of the technology company’s stock worth $2,543,000 after buying an additional 2,272 shares during the period. Treasurer of the State of North Carolina increased its stake in shares of Veeva Systems by 2.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 68,950 shares of the technology company’s stock valued at $19,856,000 after acquiring an additional 1,452 shares during the last quarter. Finally, Diversify Wealth Management LLC increased its stake in shares of Veeva Systems by 5.3% in the 2nd quarter. Diversify Wealth Management LLC now owns 11,399 shares of the technology company’s stock valued at $3,140,000 after acquiring an additional 575 shares during the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.
Veeva Systems News Roundup
Here are the key news stories impacting Veeva Systems this week:
- Positive Sentiment: Veeva raised its fiscal 2027 outlook, citing accelerating Vault CRM migrations, continued research-and-development investment, and growing momentum for Falcon AI. The improved outlook supports expectations for stronger revenue growth and profitability. VEEV Raises FY27 Outlook as Vault CRM and AI Momentum Accelerate Fast
- Positive Sentiment: Veeva launched Falcon Safety, an AI-focused product designed to streamline adverse-event management, giving investors another example of how the company is expanding its platform and monetizing AI capabilities. Veeva Launches Falcon Safety To Streamline Adverse Event Management
- Positive Sentiment: Analyst commentary remains favorable, including an upgrade reported earlier this week. Investor interest is also supported by the view that Veeva’s software and AI growth prospects remain attractive relative to more highly valued technology stocks. Veeva Systems Trading Up After Analyst Upgrade
- Neutral Sentiment: Veeva is scheduled to present at the Wells Fargo Healthcare Conference, potentially providing additional detail on customer demand, product adoption, and its updated outlook. Veeva to Present at Upcoming Investor Conferences
- Negative Sentiment: Market saturation remains a key risk: as Veeva expands within the life-sciences software market, sustaining its current growth rate could become more difficult. Reasons to Hold Veeva Systems Stock in Your Portfolio for Now
- Negative Sentiment: Veeva’s exiting president sold 10,000 shares for approximately $2.8 million, representing about half of the executive’s direct stake before the transaction. Although the sale may reflect personal or transition-related factors, it could add modest insider-selling pressure. Veeva’s Exiting President Sold $2.8 Million in Stock
Insider Buying and Selling
Analysts Set New Price Targets
Several research analysts recently weighed in on VEEV shares. Oppenheimer lifted their price objective on shares of Veeva Systems from $225.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday, August 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $295.00 target price on shares of Veeva Systems in a research note on Thursday, August 27th. BTIG Research reiterated a “buy” rating and issued a $340.00 target price on shares of Veeva Systems in a report on Thursday, June 4th. TD Cowen lifted their price target on shares of Veeva Systems from $235.00 to $283.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Finally, Canaccord Genuity Group boosted their price target on shares of Veeva Systems from $220.00 to $260.00 and gave the company a “hold” rating in a report on Thursday, August 27th. Nineteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $284.46.
View Our Latest Analysis on VEEV
Veeva Systems Stock Up 1.2%
Shares of VEEV stock opened at $284.09 on Friday. The firm has a fifty day moving average of $218.44 and a 200-day moving average of $187.34. Veeva Systems Inc. has a 12-month low of $148.05 and a 12-month high of $310.50. The company has a market capitalization of $46.15 billion, a price-to-earnings ratio of 46.73, a P/E/G ratio of 1.20 and a beta of 0.97.
Veeva Systems (NYSE:VEEV – Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The technology company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.12. The firm had revenue of $927.96 million during the quarter, compared to analysts’ expectations of $905.38 million. Veeva Systems had a net margin of 29.34% and a return on equity of 14.25%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.99 earnings per share. 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. On average, equities analysts expect that Veeva Systems Inc. will post 6.7 EPS for the current year.
Veeva Systems 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.
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