E. Ohman J or Asset Management AB Has $26.39 Million Stock Position in Veeva Systems Inc. $VEEV

E. Ohman J or Asset Management AB lowered its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 5.5% in the first quarter, HoldingsChannel reports. The fund owned 150,224 shares of the technology company’s stock after selling 8,765 shares during the period. E. Ohman J or Asset Management AB’s holdings in Veeva Systems were worth $26,388,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in VEEV. Robeco Institutional Asset Management B.V. grew its position in shares of Veeva Systems by 11.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 892,070 shares of the technology company’s stock worth $199,137,000 after buying an additional 90,703 shares during the period. Elo Mutual Pension Insurance Co lifted its holdings in Veeva Systems by 50.2% in the third quarter. Elo Mutual Pension Insurance Co now owns 26,541 shares of the technology company’s stock valued at $7,907,000 after buying an additional 8,869 shares during the period. Empire Life Investments Inc. lifted its holdings in Veeva Systems by 21.1% in the fourth quarter. Empire Life Investments Inc. now owns 37,054 shares of the technology company’s stock valued at $8,272,000 after buying an additional 6,453 shares during the period. Alliancebernstein L.P. boosted its stake in Veeva Systems by 4.1% in the third quarter. Alliancebernstein L.P. now owns 5,941,631 shares of the technology company’s stock valued at $1,770,071,000 after acquiring an additional 235,983 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Veeva Systems by 217.2% in the fourth quarter. Farther Finance Advisors LLC now owns 10,470 shares of the technology company’s stock valued at $2,337,000 after acquiring an additional 7,169 shares during the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Insider Buying and Selling

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

Veeva Systems Price Performance

Shares of Veeva Systems 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 price-to-earnings-growth ratio of 0.66 and a beta of 0.95. The business has a 50-day moving average of $163.55 and a two-hundred day moving average of $189.23. Veeva Systems Inc. has a 1 year low of $148.05 and a 1 year high of $310.50.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data 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. Veeva Systems had a return on equity of 13.72% and a net margin of 28.37%.The business had revenue of $882.95 million for the quarter, compared to analysts’ expectations of $857.73 million. During the same quarter in the previous year, the business posted $1.97 EPS. Veeva Systems’s revenue for the quarter was up 16.3% on a year-over-year basis. 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, equities analysts anticipate that Veeva Systems Inc. will post 6.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wells Fargo & Company upped their target price on shares of Veeva Systems from $317.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday, June 4th. Zacks Research lowered Veeva Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $275.00 price objective on shares of Veeva Systems in a research note on Thursday, June 4th. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 price objective on shares of Veeva Systems in a research note on Thursday, June 4th. Finally, William Blair reiterated an “outperform” rating on shares of Veeva Systems in a report on Tuesday, March 10th. Eighteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.