HRT Financial LP Takes $20.81 Million Position in Veeva Systems Inc. $VEEV

HRT Financial LP bought a new stake in shares of Veeva Systems Inc. (NYSE:VEEV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 72,256 shares of the technology company’s stock, valued at approximately $20,808,000.

A number of other hedge funds have also recently made changes to their positions in the stock. IHT Wealth Management LLC acquired a new position in shares of Veeva Systems during the second quarter worth $201,000. EP Wealth Advisors LLC grew its position in shares of Veeva Systems by 63.7% during the 2nd quarter. EP Wealth Advisors LLC now owns 3,707 shares of the technology company’s stock valued at $1,068,000 after acquiring an additional 1,442 shares during the period. Curi Capital LLC purchased a new stake in shares of Veeva Systems in the second quarter valued at approximately $312,000. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Veeva Systems by 17.0% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,858 shares of the technology company’s stock valued at $1,975,000 after purchasing an additional 996 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Veeva Systems by 77.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 246,553 shares of the technology company’s stock valued at $71,002,000 after purchasing an additional 107,341 shares in the last quarter. 88.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Veeva Systems

In related news, insider Eleni Nitsa Zuppas sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the sale, the insider owned 25,325 shares in the company, valued at approximately $7,765,151.50. This trade represents a 19.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jonathan Faddis sold 720 shares of Veeva Systems stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $298.12, for a total transaction of $214,646.40. Following the completion of the sale, the senior vice president directly owned 7,868 shares of the company’s stock, valued at $2,345,608.16. The trade was a 8.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,665 shares of company stock valued at $7,438,000 over the last quarter. Insiders own 10.30% of the company’s stock.

Veeva Systems Stock Performance

VEEV stock opened at $222.87 on Friday. Veeva Systems Inc. has a one year low of $201.54 and a one year high of $310.50. The stock has a market capitalization of $36.63 billion, a PE ratio of 43.36, a price-to-earnings-growth ratio of 1.71 and a beta of 1.05. The company has a fifty day moving average of $273.45 and a 200-day moving average of $278.41.

Veeva Systems (NYSE:VEEV) last posted its earnings results 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 company had revenue of $0.81 million for the quarter, compared to the consensus estimate of $792.37 million. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.Veeva Systems’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business 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. Equities analysts forecast that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on VEEV. Jefferies Financial Group reiterated a “buy” rating and set a $330.00 price target on shares of Veeva Systems in a report on Monday, November 24th. Morgan Stanley increased their price objective on Veeva Systems from $210.00 to $222.00 and gave the company an “underweight” rating in a research note on Thursday, August 28th. Piper Sandler raised their price objective on shares of Veeva Systems from $325.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Canaccord Genuity Group restated a “buy” rating on shares of Veeva Systems in a report on Tuesday, November 25th. Finally, UBS Group cut their price target on shares of Veeva Systems from $310.00 to $280.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Eighteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $307.42.

Veeva Systems Profile

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.