Aberdeen Group plc Grows Stock Position in Veeva Systems Inc. $VEEV

Aberdeen Group plc increased its stake in shares of Veeva Systems Inc. (NYSE:VEEV) by 5.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,266 shares of the technology company’s stock after purchasing an additional 4,502 shares during the quarter. Aberdeen Group plc’s holdings in Veeva Systems were worth $23,811,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Veeva Systems in the third quarter valued at about $422,241,000. Norges Bank acquired a new stake in Veeva Systems in the second quarter valued at about $384,265,000. Durable Capital Partners LP acquired a new stake in Veeva Systems in the second quarter valued at about $281,351,000. AQR Capital Management LLC boosted its holdings in Veeva Systems by 111.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,838,046 shares of the technology company’s stock valued at $526,508,000 after purchasing an additional 969,905 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in Veeva Systems by 1,039.4% during the 2nd quarter. Schroder Investment Management Group now owns 1,014,974 shares of the technology company’s stock worth $292,292,000 after purchasing an additional 925,896 shares during the period. 88.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on VEEV shares. Robert W. Baird raised their price target on Veeva Systems from $314.00 to $319.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Weiss Ratings downgraded Veeva Systems from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. BTIG Research restated a “buy” rating and set a $340.00 target price on shares of Veeva Systems in a research report on Friday, November 21st. Truist Financial upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating in a report on Thursday, January 8th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $330.00 price objective on shares of Veeva Systems in a research note on Monday, November 24th. Eighteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $307.33.

Veeva Systems Trading Up 1.5%

NYSE:VEEV opened at $176.79 on Wednesday. The company has a market capitalization of $29.06 billion, a P/E ratio of 34.40, a price-to-earnings-growth ratio of 1.21 and a beta of 1.08. The firm has a 50-day moving average price of $213.75 and a two-hundred day moving average price of $255.85. Veeva Systems Inc. has a twelve month low of $168.13 and a twelve month high of $310.50.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Thursday, November 20th. The technology company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.95 by $0.09. Veeva Systems had a net margin of 27.93% and a return on equity of 13.68%. The business had revenue of $0.81 million for the quarter, compared to analyst estimates of $792.37 million. During the same period in the prior year, the business earned $1.75 earnings per share. The company’s quarterly 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 has initiated a share buyback plan on Monday, January 5th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the technology company to purchase up to 5.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

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