Virtu Financial LLC Acquires Shares of 9,358 Veeva Systems Inc. $VEEV

Virtu Financial LLC acquired a new stake in Veeva Systems Inc. (NYSE:VEEV) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 9,358 shares of the technology company’s stock, valued at approximately $2,089,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of VEEV. Raiffeisen Bank International AG bought a new position in shares of Veeva Systems during the 3rd quarter valued at approximately $28,000. Board of the Pension Protection Fund purchased a new stake in Veeva Systems during the 4th quarter valued at $27,000. Newbridge Financial Services Group Inc. lifted its position in Veeva Systems by 322.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 131 shares of the technology company’s stock worth $29,000 after buying an additional 100 shares during the last quarter. Activest Wealth Management lifted its position in Veeva Systems by 3,175.0% in the fourth quarter. Activest Wealth Management now owns 131 shares of the technology company’s stock worth $29,000 after buying an additional 127 shares during the last quarter. Finally, MV Capital Management Inc. purchased a new position in Veeva Systems during the fourth quarter worth $30,000. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Insider Buying and Selling

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

Veeva Systems Price Performance

Shares of VEEV stock opened at $153.20 on Friday. The company has a market capitalization of $24.89 billion, a P/E ratio of 27.31, a P/E/G ratio of 0.66 and a beta of 0.95. The company’s 50-day simple moving average is $163.55 and its two-hundred day simple moving average is $189.23. Veeva Systems Inc. has a one year low of $148.05 and a one year high of $310.50.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Wednesday, June 3rd. The technology company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.10. The firm had revenue of $882.95 million during the quarter, compared to the consensus estimate of $857.73 million. Veeva Systems had a net margin of 28.37% and a return on equity of 13.72%. The company’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, research analysts expect that Veeva Systems Inc. will post 6.65 EPS for the current fiscal year.

Analysts Set New Price Targets

VEEV has been the topic of a number of analyst reports. TD Cowen reiterated a “buy” rating on shares of Veeva Systems in a research report on Thursday, June 4th. Citigroup lifted their price target on shares of Veeva Systems from $176.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, June 4th. Robert W. Baird upped their price target on shares of Veeva Systems from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. Zacks Research downgraded shares of Veeva Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Mizuho reduced their price objective on shares of Veeva Systems from $295.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Eighteen 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, the company has a consensus rating of “Moderate Buy” and an average target price of $250.96.

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.