4,455 Shares of Veeva Systems Inc. $VEEV Purchased by Nikulski Financial Inc.

Nikulski Financial Inc. purchased a new position in Veeva Systems Inc. (NYSE:VEEV) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,455 shares of the technology company’s stock, valued at approximately $1,272,000.

A number of other institutional investors also recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. boosted its position in Veeva Systems by 181.8% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 93 shares of the technology company’s stock valued at $27,000 after acquiring an additional 60 shares in the last quarter. Burkett Financial Services LLC purchased a new position in shares of Veeva Systems during the 3rd quarter worth approximately $27,000. Pension & Wealth Management Advisors Inc. purchased a new position in shares of Veeva Systems during the 3rd quarter worth approximately $38,000. Lodestone Wealth Management LLC raised its position in shares of Veeva Systems by 68.3% in the 3rd quarter. Lodestone Wealth Management LLC now owns 138 shares of the technology company’s stock worth $39,000 after acquiring an additional 56 shares in the last quarter. Finally, Compass Financial Management LLC bought a new position in shares of Veeva Systems in the 2nd quarter worth approximately $27,000. 88.20% of the stock is owned by institutional investors.

More Veeva Systems News

These are some of the VEEV news items that stood out recently:

• Positive Sentiment: Wells Fargo raised its price target to $400 from $330 and maintained an Overweight rating, signaling increased confidence in Veeva’s upside. Wells Fargo analyst rating
• Positive Sentiment: A MarketBeat analysis says Veeva’s proprietary pharmaceutical data could help customers’ AI models, while rising earnings estimates and strong relative strength in healthcare technology support the bullish case. The article also cites money-flow signals suggesting institutional accumulation. MarketBeat analysis
• Neutral Sentiment: The market analysis notes that broad volatility and concerns over AI-related data-center projects contributed to a sharp market selloff, though Veeva’s business is not directly tied to building data centers. This may still affect investor sentiment toward growth stocks.

Veeva Systems Stock Performance

Shares of VEEV opened at $302.19 on Friday. The stock has a market cap of $48.93 billion, a PE ratio of 49.24, a price-to-earnings-growth ratio of 1.30 and a beta of 0.89. Veeva Systems Inc. has a fifty-two week low of $148.05 and a fifty-two week high of $325.99. The firm’s 50-day simple moving average is $291.17 and its two-hundred day simple moving average is $213.60.

Veeva Systems (NYSE:VEEV) last released its earnings results on Wednesday, August 26th. The technology company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.12. Veeva Systems had a net margin of 29.34% and a return on equity of 14.25%. The firm had revenue of $927.96 million during the quarter, compared to analyst estimates of $905.38 million. During the same period last year, the business earned $1.99 earnings per share. 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. Equities research analysts predict that Veeva Systems Inc. will post 6.70 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on VEEV shares. Truist Financial raised their target price on Veeva Systems from $305.00 to $360.00 and gave the company a “buy” rating in a research note on Monday. UBS Group upped their price target on Veeva Systems from $290.00 to $325.00 and gave the stock a “neutral” rating in a research note on Friday, November 6th. Royal Bank Of Canada increased their price objective on Veeva Systems from $325.00 to $365.00 and gave the stock an “outperform” rating in a report on Friday, November 6th. Guggenheim raised their price objective on Veeva Systems from $276.00 to $310.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Finally, Needham & Company LLC raised their price objective on Veeva Systems from $310.00 to $360.00 and gave the company a “buy” rating in a research report on Friday, November 6th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $317.42.

Insider Buying and Selling

In related news, EVP Daniel Rizzo sold 4,841 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $276.51, for a total transaction of $1,338,584.91. Following the completion of the transaction, the executive vice president owned 7,665 shares of the company’s stock, valued at $2,119,449.15. This trade represents a 38.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Thomas Schwenger sold 10,000 shares of Veeva Systems stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $281.33, for a total value of $2,813,300.00. Following the transaction, the insider owned 19,449 shares of the company’s stock, valued at $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. Over the last quarter, insiders have sold 20,789 shares of company stock worth $5,905,609. 10.60% of the stock is currently owned by corporate insiders.

About Veeva Systems

Veeva Systems Inc. develops cloud-based software, data and consulting services for the life sciences industry. Its customers include pharmaceutical and biotechnology companies, medical device makers and contract research organizations. The company’s products support commercial operations as well as clinical, regulatory, quality and safety activities. Its offerings include Veeva Vault applications for managing documents and business processes, customer relationship management software, and data and analytics services.