Fox Run Management L.L.C. Buys 5,701 Shares of Veeva Systems Inc. $VEEV

Fox Run Management L.L.C. lifted its stake in Veeva Systems Inc. (NYSE:VEEV) by 413.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,079 shares of the technology company’s stock after acquiring an additional 5,701 shares during the period. Fox Run Management L.L.C.’s holdings in Veeva Systems were worth $1,580,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in VEEV. ING Groep NV bought a new position in Veeva Systems in the 4th quarter worth approximately $5,692,000. Cookson Peirce & Co. Inc. increased its position in Veeva Systems by 39.0% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,275 shares of the technology company’s stock worth $285,000 after buying an additional 358 shares during the period. Pinebridge Investments LLC bought a new position in Veeva Systems in the 4th quarter worth approximately $4,191,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Veeva Systems by 3.3% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 47,569 shares of the technology company’s stock worth $10,619,000 after buying an additional 1,500 shares during the period. Finally, WINTON GROUP Ltd bought a new position in Veeva Systems in the 4th quarter worth approximately $3,916,000. 88.20% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several research analysts have commented on VEEV shares. William Blair reaffirmed an “outperform” rating on shares of Veeva Systems in a research report on Tuesday, March 10th. Evercore reaffirmed an “outperform” rating and issued a $185.00 price target on shares of Veeva Systems in a research report on Thursday. Barclays dropped their price target on Veeva Systems from $250.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, June 4th. Morgan Stanley lifted their price target on Veeva Systems from $205.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 5th. Finally, Stifel Nicolaus dropped their price target on Veeva Systems from $245.00 to $230.00 and set a “buy” rating on the stock in a research report on Thursday. Eighteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $250.96.

Veeva Systems Trading Down 3.1%

VEEV opened at $167.33 on Tuesday. The stock has a market cap of $27.33 billion, a PE ratio of 29.83, a P/E/G ratio of 0.76 and a beta of 0.95. Veeva Systems Inc. has a 1 year low of $148.05 and a 1 year high of $310.50. The stock’s 50 day simple moving average is $165.94 and its 200-day simple moving average is $194.42.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Wednesday, June 3rd. The technology company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.10. The business had revenue of $882.95 million for the quarter, compared to analysts’ expectations of $857.73 million. Veeva Systems had a return on equity of 13.89% and a net margin of 28.37%.Veeva Systems’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.97 earnings per share. 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. Equities analysts forecast that Veeva Systems Inc. will post 6.46 earnings per share for the current fiscal year.

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.