Veeva Systems Inc. (NYSE:VEEV) Given Average Recommendation of “Moderate Buy” by Analysts

Veeva Systems Inc. (NYSE:VEEV) has been given an average rating of “Moderate Buy” by the twenty-eight analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $284.8750.

VEEV has been the topic of a number of research analyst reports. Barclays increased their price objective on shares of Veeva Systems from $275.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Stifel Nicolaus set a $300.00 target price on shares of Veeva Systems in a research report on Thursday, August 27th. Oppenheimer upped their target price on shares of Veeva Systems from $225.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, August 17th. BMO Capital Markets increased their price target on shares of Veeva Systems from $175.00 to $270.00 and gave the stock a “market perform” rating in a research report on Thursday, August 27th. Finally, Wall Street Zen upgraded Veeva Systems from a “hold” rating to a “buy” rating in a research note on Saturday.

Insider Activity at Veeva Systems

In other Veeva Systems news, Director Priscilla Hung sold 750 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $261.04, for a total transaction of $195,780.00. Following the transaction, the director owned 3,242 shares of the company’s stock, valued at $846,291.68. This trade represents a 18.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas Schwenger sold 10,000 shares of Veeva Systems stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $281.33, for a total value of $2,813,300.00. Following the completion of the transaction, the insider owned 19,449 shares of the company’s stock, valued at approximately $5,471,587.17. The trade was a 33.96% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 46,750 shares of company stock worth $12,017,360 in the last 90 days. 10.60% of the stock is currently owned by insiders.

Institutional Trading of Veeva Systems

Several institutional investors have recently added to or reduced their stakes in VEEV. SHP Wealth Management bought a new position in shares of Veeva Systems in the 4th quarter worth about $26,000. Compass Financial Management LLC bought a new stake in shares of Veeva Systems during the 2nd quarter valued at about $27,000. Arlington Trust Co LLC bought a new stake in shares of Veeva Systems during the 2nd quarter valued at about $29,000. Field & Main Bank bought a new stake in shares of Veeva Systems during the 2nd quarter valued at about $29,000. Finally, MV Capital Management Inc. acquired a new stake in Veeva Systems during the fourth quarter worth about $30,000. Institutional investors own 88.20% of the company’s stock.

Veeva Systems Stock Up 0.5%

Shares of VEEV opened at $262.30 on Friday. The business’s 50 day moving average is $228.50 and its two-hundred day moving average is $190.94. Veeva Systems has a 52-week low of $148.05 and a 52-week high of $310.50. The firm has a market cap of $42.47 billion, a price-to-earnings ratio of 43.14, a PEG ratio of 1.11 and a beta of 0.97.

Veeva Systems (NYSE:VEEV) last released its earnings results on Wednesday, August 26th. The technology company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.23 by $0.12. Veeva Systems had a return on equity of 14.25% and a net margin of 29.34%.The company had revenue of $927.96 million during the quarter, compared to analysts’ expectations of $905.38 million. During the same period in the prior year, the business posted $1.99 EPS. The business’s revenue was up 17.6% on a year-over-year basis. Veeva Systems has set its FY 2027 guidance at 9.210-9.210 EPS and its Q3 2027 guidance at 2.330-2.340 EPS. On average, equities analysts expect that Veeva Systems will post 6.7 earnings per share for the current fiscal year.

Veeva Systems Company Profile

Veeva Systems Inc is a cloud software company that provides technology solutions for the life sciences industry, including pharmaceutical, biotechnology, medical device and related organizations. Its applications are designed to support functions across the product lifecycle, from research and clinical development through regulatory approval, manufacturing, quality management and commercial operations.

The company’s Veeva Vault platform includes applications for clinical data management, electronic trial management, regulatory information, quality processes, safety operations and commercial content management.