Veeva Systems (NYSE:VEEV) Hits New 12-Month Low – Here’s Why

Shares of Veeva Systems Inc. (NYSE:VEEV) reached a new 52-week low on Wednesday . The company traded as low as $177.81 and last traded at $177.1890, with a volume of 359789 shares changing hands. The stock had previously closed at $186.99.

Analyst Ratings Changes

A number of research firms recently issued reports on VEEV. Jefferies Financial Group reaffirmed a “buy” rating and set a $330.00 price target on shares of Veeva Systems in a research note on Monday, November 24th. The Goldman Sachs Group assumed coverage on shares of Veeva Systems in a report on Tuesday, January 13th. They issued a “sell” rating and a $215.00 target price on the stock. BMO Capital Markets initiated coverage on shares of Veeva Systems in a report on Thursday, November 13th. They issued a “market perform” rating and a $300.00 price target for the company. Wall Street Zen lowered Veeva Systems from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, Needham & Company LLC reissued a “buy” rating and set a $355.00 price objective on shares of Veeva Systems in a research note on Friday, November 21st. Eighteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $308.04.

Veeva Systems Stock Performance

The company has a market capitalization of $29.21 billion, a P/E ratio of 34.55, a P/E/G ratio of 1.28 and a beta of 1.08. The firm’s fifty day moving average is $220.17 and its 200 day moving average is $259.77.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Thursday, November 20th. The technology company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.09. The business had revenue of $0.81 million during the quarter, compared to the consensus estimate of $792.37 million. Veeva Systems had a net margin of 27.93% and a return on equity of 13.68%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.75 earnings per share. 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, analysts forecast that Veeva Systems Inc. will post 4.35 EPS for the current year.

Veeva Systems announced that its Board of Directors has authorized a share repurchase plan on Monday, January 5th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 5.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Thomas D. Schwenger sold 1,000 shares of Veeva Systems stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $231.43, for a total value of $231,430.00. Following the completion of the sale, the insider directly owned 23,204 shares in the company, valued at $5,370,101.72. The trade was a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 10.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Veeva Systems

A number of large investors have recently made changes to their positions in VEEV. Norges Bank purchased a new position in Veeva Systems during the 4th quarter worth $332,412,000. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Veeva Systems during the third quarter worth about $422,241,000. Durable Capital Partners LP acquired a new position in shares of Veeva Systems during the second quarter valued at about $281,351,000. AQR Capital Management LLC increased its holdings in shares of Veeva Systems by 111.7% during the second quarter. AQR Capital Management LLC now owns 1,838,046 shares of the technology company’s stock valued at $526,508,000 after acquiring an additional 969,905 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in shares of Veeva Systems by 1,039.4% in the 2nd quarter. Schroder Investment Management Group now owns 1,014,974 shares of the technology company’s stock valued at $292,292,000 after purchasing an additional 925,896 shares during the last quarter. 88.20% of the stock is owned by institutional investors and hedge funds.

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.