Veeva Systems Inc. $VEEV Shares Bought by Strategic Planning Group LLC

Strategic Planning Group LLC grew its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 14.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,088 shares of the technology company’s stock after purchasing an additional 3,095 shares during the period. Strategic Planning Group LLC’s holdings in Veeva Systems were worth $7,474,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Trust Co. of Toledo NA OH acquired a new position in Veeva Systems during the 2nd quarter valued at about $29,000. OLD Second National Bank of Aurora acquired a new position in shares of Veeva Systems during the third quarter valued at approximately $30,000. Legacy Investment Solutions LLC acquired a new position in shares of Veeva Systems during the second quarter valued at approximately $32,000. Maseco LLP bought a new stake in Veeva Systems during the second quarter worth approximately $35,000. Finally, Cary Street Partners Investment Advisory LLC lifted its position in Veeva Systems by 58.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 133 shares of the technology company’s stock worth $38,000 after purchasing an additional 49 shares during the period. 88.20% of the stock is currently owned by institutional investors.

Veeva Systems Trading Up 0.5%

Shares of VEEV stock opened at $239.08 on Thursday. The stock’s fifty day simple moving average is $248.87 and its 200-day simple moving average is $271.59. The company has a market capitalization of $39.30 billion, a price-to-earnings ratio of 46.51, a P/E/G ratio of 1.76 and a beta of 1.07. Veeva Systems Inc. has a 1-year low of $201.54 and a 1-year high of $310.50.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Thursday, November 20th. The technology company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.09. The firm had revenue of $0.81 million during the quarter, compared to analyst estimates of $792.37 million. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company posted $1.75 EPS. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS and its Q4 2026 guidance at 1.920-1.920 EPS. On average, sell-side analysts predict that Veeva Systems Inc. will post 4.35 EPS for the current year.

Veeva Systems declared that its board has approved a stock repurchase plan on Monday, January 5th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 5.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have recently commented on VEEV shares. Robert W. Baird boosted their price objective on Veeva Systems from $314.00 to $319.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. Barclays lowered their target price on Veeva Systems from $325.00 to $305.00 and set an “overweight” rating on the stock in a report on Friday, November 21st. BTIG Research reissued a “buy” rating and issued a $340.00 price target on shares of Veeva Systems in a report on Friday, November 21st. KeyCorp reaffirmed a “sector weight” rating on shares of Veeva Systems in a research note on Friday, December 12th. Finally, Citigroup cut their target price on shares of Veeva Systems from $349.00 to $319.00 and set a “buy” rating for the company in a research note on Monday, November 24th. Eighteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Veeva Systems has an average rating of “Moderate Buy” and a consensus target price of $307.42.

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.