Boston Trust Walden Corp Decreases Position in Veeva Systems Inc. $VEEV

Boston Trust Walden Corp trimmed its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 20.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,874 shares of the technology company’s stock after selling 7,671 shares during the quarter. Boston Trust Walden Corp’s holdings in Veeva Systems were worth $8,603,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Abound Financial LLC acquired a new position in shares of Veeva Systems in the first quarter worth $25,000. ORG Partners LLC acquired a new position in shares of Veeva Systems in the first quarter worth $26,000. Trust Co. of Toledo NA OH acquired a new position in shares of Veeva Systems in the second quarter worth $29,000. Golden State Wealth Management LLC raised its holdings in shares of Veeva Systems by 152.9% in the first quarter. Golden State Wealth Management LLC now owns 129 shares of the technology company’s stock worth $30,000 after acquiring an additional 78 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new position in shares of Veeva Systems in the first quarter worth $32,000. 88.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Veeva Systems news, SVP Jonathan Faddis sold 720 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $298.12, for a total transaction of $214,646.40. Following the completion of the sale, the senior vice president directly owned 7,868 shares in the company, valued at $2,345,608.16. This represents a 8.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thomas D. Schwenger sold 3,350 shares of the company’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total value of $1,005,134.00. Following the sale, the insider owned 23,773 shares of the company’s stock, valued at $7,132,850.92. This represents a 12.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,665 shares of company stock worth $7,438,000 over the last three months. 10.30% of the stock is owned by insiders.

Veeva Systems Trading Up 0.6%

Veeva Systems stock opened at $287.81 on Wednesday. The firm has a market capitalization of $47.17 billion, a P/E ratio of 59.10, a PEG ratio of 2.21 and a beta of 0.98. The stock has a fifty day moving average price of $283.06 and a 200 day moving average price of $265.77. Veeva Systems Inc. has a 52 week low of $201.54 and a 52 week high of $310.50.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Wednesday, August 27th. The technology company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.64). The firm had revenue of $789.08 million for the quarter, compared to analyst estimates of $768.49 million. Veeva Systems had a return on equity of 13.72% and a net margin of 27.29%.The business’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.62 earnings per share. Veeva Systems has set its Q3 2026 guidance at 1.940-1.950 EPS. FY 2026 guidance at 7.780-7.780 EPS. As a group, equities analysts predict that Veeva Systems Inc. will post 4.35 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on VEEV shares. Wall Street Zen raised Veeva Systems from a “hold” rating to a “buy” rating in a report on Saturday. Barclays boosted their price target on Veeva Systems from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Raymond James Financial reissued an “outperform” rating and issued a $340.00 price target (up from $310.00) on shares of Veeva Systems in a report on Thursday, August 28th. BTIG Research upped their target price on Veeva Systems from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Finally, Piper Sandler upped their target price on Veeva Systems from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. Sixteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $307.58.

About Veeva Systems

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.