Triglav Investments D.O.O. Makes New $790,000 Investment in Veeva Systems Inc. $VEEV

Triglav Investments D.O.O. bought a new position in shares of Veeva Systems Inc. (NYSE:VEEV) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,500 shares of the technology company’s stock, valued at approximately $790,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SHP Wealth Management acquired a new stake in Veeva Systems during the fourth quarter worth approximately $26,000. Board of the Pension Protection Fund acquired a new position in Veeva Systems in the 4th quarter valued at $27,000. Newbridge Financial Services Group Inc. raised its holdings in Veeva Systems by 322.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 131 shares of the technology company’s stock valued at $29,000 after acquiring an additional 100 shares in the last quarter. Activest Wealth Management lifted its position in shares of Veeva Systems by 3,175.0% during the 4th quarter. Activest Wealth Management now owns 131 shares of the technology company’s stock valued at $29,000 after acquiring an additional 127 shares during the period. Finally, MV Capital Management Inc. bought a new stake in shares of Veeva Systems during the 4th quarter valued at $30,000. 88.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Veeva Systems news, Director Priscilla Hung sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $155.64, for a total value of $116,730.00. Following the sale, the director owned 3,253 shares in the company, valued at $506,296.92. This trade represents a 18.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Zacks Research cut Veeva Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Wall Street Zen raised shares of Veeva Systems from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Evercore reiterated an “outperform” rating and set a $185.00 price objective on shares of Veeva Systems in a research note on Thursday, June 4th. Citigroup raised their target price on shares of Veeva Systems from $176.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Finally, Needham & Company LLC restated a “buy” rating and issued a $270.00 target price on shares of Veeva Systems in a research report on Thursday, June 4th. Eighteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $250.96.

Veeva Systems Stock Up 0.1%

Veeva Systems stock opened at $190.27 on Monday. Veeva Systems Inc. has a 12-month low of $148.05 and a 12-month high of $310.50. The business’s 50-day moving average price is $168.68 and its two-hundred day moving average price is $183.56. The stock has a market cap of $30.91 billion, a PE ratio of 33.92, a P/E/G ratio of 0.82 and a beta of 0.94.

Veeva Systems (NYSE:VEEV) last posted its earnings results on Wednesday, June 3rd. The technology company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.10. Veeva Systems had a net margin of 28.37% and a return on equity of 13.72%. The firm had revenue of $882.95 million during the quarter, compared to analysts’ expectations of $857.73 million. During the same quarter in the prior year, the business earned $1.97 earnings per share. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. Veeva Systems has set its FY 2027 guidance at 9.050-9.050 EPS and its Q2 2027 guidance at 2.210-2.220 EPS. As a group, analysts expect that Veeva Systems Inc. will post 6.65 earnings per share 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.