Veeva Systems (NYSE:VEEV) Upgraded by Morgan Stanley to Equal Weight Rating

Veeva Systems (NYSE:VEEV) was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a note issued to investors on Tuesday, Marketbeat.com reports. The firm presently has a $205.00 target price on the technology company’s stock, down from their previous target price of $222.00. Morgan Stanley’s target price would indicate a potential upside of 17.53% from the company’s current price.

Several other equities analysts have also commented on the stock. Robert W. Baird upped their price target on shares of Veeva Systems from $314.00 to $319.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Jefferies Financial Group restated a “buy” rating and set a $330.00 price objective on shares of Veeva Systems in a report on Monday, November 24th. Needham & Company LLC reiterated a “buy” rating and issued a $355.00 target price on shares of Veeva Systems in a report on Friday, November 21st. KeyCorp restated a “sector weight” rating on shares of Veeva Systems in a research note on Friday, December 12th. Finally, Wall Street Zen lowered Veeva Systems from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Eighteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Veeva Systems currently has a consensus rating of “Moderate Buy” and an average target price of $307.33.

Veeva Systems Stock Performance

Shares of NYSE VEEV opened at $174.42 on Tuesday. The firm has a market cap of $28.67 billion, a P/E ratio of 33.93, a price-to-earnings-growth ratio of 1.21 and a beta of 1.08. Veeva Systems has a 1 year low of $168.13 and a 1 year high of $310.50. The firm’s 50 day moving average price is $214.85 and its 200 day moving average price is $256.58.

Veeva Systems (NYSE:VEEV) last posted 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. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The business had revenue of $0.81 million for the quarter, compared to analysts’ expectations of $792.37 million. During the same quarter last year, the firm earned $1.75 earnings per share. The business’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. As a group, equities analysts predict that Veeva Systems will post 4.35 EPS for the current year.

Veeva Systems declared that its board has approved a share buyback 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 a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Veeva Systems

In other news, insider Thomas D. Schwenger sold 1,000 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total value of $231,430.00. Following the sale, the insider owned 23,204 shares in the company, valued at approximately $5,370,101.72. This represents a 4.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 10.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Sivia Capital Partners LLC raised its position in shares of Veeva Systems by 225.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,122 shares of the technology company’s stock valued at $899,000 after acquiring an additional 2,164 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of Veeva Systems during the second quarter worth $32,000. Mutual of America Capital Management LLC lifted its position in shares of Veeva Systems by 15.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 4,131 shares of the technology company’s stock worth $1,190,000 after buying an additional 554 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of Veeva Systems in the 2nd quarter valued at about $361,000. Finally, Phoenix Financial Ltd. bought a new stake in shares of Veeva Systems during the 2nd quarter valued at about $777,000. Institutional investors own 88.20% of the company’s stock.

About Veeva Systems

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.