Skandinaviska Enskilda Banken AB publ Raises Stock Position in Veeva Systems Inc. $VEEV

Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 11.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 297,405 shares of the technology company’s stock after purchasing an additional 30,834 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.18% of Veeva Systems worth $88,600,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. GPS Wealth Strategies Group LLC lifted its holdings in Veeva Systems by 196.4% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock worth $25,000 after buying an additional 55 shares in the last quarter. OLD Second National Bank of Aurora purchased a new stake in shares of Veeva Systems during the third quarter worth $30,000. Legacy Investment Solutions LLC purchased a new stake in shares of Veeva Systems during the second quarter worth $32,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of 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 valued at $38,000 after acquiring an additional 49 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new position in Veeva Systems in the second quarter valued at $41,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. KeyCorp reaffirmed a “sector weight” rating on shares of Veeva Systems in a research report on Friday, December 12th. Weiss Ratings lowered shares of Veeva Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Robert W. Baird raised their target price on shares of Veeva Systems from $314.00 to $319.00 and gave the company an “outperform” rating in a report on Friday, November 21st. BTIG Research reiterated a “buy” rating and issued a $340.00 price target on shares of Veeva Systems in a research note on Friday, November 21st. Finally, Citigroup dropped their price objective on shares of Veeva Systems from $349.00 to $319.00 and set a “buy” rating on the stock in a research report on Monday, November 24th. Eighteen 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $308.04.

Insider Buying and Selling at Veeva Systems

In related news, insider Thomas D. Schwenger sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $231.43, for a total transaction of $231,430.00. Following the transaction, the insider owned 23,204 shares in the company, valued at $5,370,101.72. This trade represents a 4.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 10.30% of the company’s stock.

Veeva Systems Trading Up 1.4%

VEEV stock opened at $174.42 on Tuesday. The stock has a market cap of $28.67 billion, a P/E ratio of 33.93, a PEG ratio of 1.21 and a beta of 1.08. Veeva Systems Inc. has a twelve month low of $168.13 and a twelve month high of $310.50. The company’s 50 day moving average is $214.85 and its two-hundred day moving average is $256.58.

Veeva Systems (NYSE:VEEV) last posted its earnings results on Thursday, November 20th. The technology company reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.09. Veeva Systems had a net margin of 27.93% and a return on equity of 13.68%. The firm had revenue of $0.81 million for the quarter, compared to the consensus estimate of $792.37 million. During the same period last year, the firm posted $1.75 EPS. The company’s revenue was up 16.0% on a year-over-year basis. 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, equities research analysts predict that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Veeva Systems declared that its Board of Directors has initiated a share repurchase program on Monday, January 5th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the technology company to purchase up to 5.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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.