Hsbc Holdings PLC Has $74.95 Million Position in Veeva Systems Inc. $VEEV

Hsbc Holdings PLC boosted its holdings in Veeva Systems Inc. (NYSE:VEEV) by 31.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 261,175 shares of the technology company’s stock after purchasing an additional 62,603 shares during the quarter. Hsbc Holdings PLC owned about 0.16% of Veeva Systems worth $74,945,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of VEEV. Trust Co. of Toledo NA OH bought a new stake in Veeva Systems during the second quarter worth $29,000. Legacy Investment Solutions LLC bought a new stake in Veeva Systems during the 2nd quarter valued at $32,000. Maseco LLP purchased a new position in Veeva Systems during the 2nd quarter valued at about $35,000. Elevation Point Wealth Partners LLC purchased a new stake in Veeva Systems in the 2nd quarter worth approximately $41,000. Finally, Ameritas Advisory Services LLC bought a new stake in Veeva Systems during the second quarter valued at $68,000. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Insider Buying and Selling

In related news, insider Thomas D. Schwenger sold 3,350 shares of the company’s stock in a transaction on 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of the firm’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total value of $1,839,720.00. Following the transaction, the insider directly owned 25,325 shares of the company’s stock, valued at $7,765,151.50. This represents a 19.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,665 shares of company stock valued at $7,438,000 over the last ninety days. Company insiders own 10.30% of the company’s stock.

Veeva Systems Price Performance

Shares of NYSE VEEV opened at $240.30 on Friday. Veeva Systems Inc. has a 1 year low of $201.54 and a 1 year high of $310.50. The stock has a market capitalization of $39.39 billion, a P/E ratio of 49.34, a P/E/G ratio of 2.22 and a beta of 0.98. The company’s 50-day moving average is $284.10 and its 200 day moving average is $278.85.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Thursday, November 20th. The technology company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.09. Veeva Systems had a return on equity of 13.72% and a net margin of 27.29%.The business had revenue of $811.24 million for the quarter, compared to analysts’ expectations of $792.37 million. During the same period in the previous year, the firm posted $1.75 EPS. The business’s revenue was up 16.0% on a year-over-year basis. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS. Q4 2026 guidance at 1.920-1.920 EPS. Research analysts anticipate that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. UBS Group dropped their price target on Veeva Systems from $310.00 to $280.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Evercore ISI increased their price target on shares of Veeva Systems from $285.00 to $295.00 and gave the company an “in-line” rating in a research report on Thursday, August 28th. BMO Capital Markets started coverage on shares of Veeva Systems in a report on Thursday, November 13th. They issued a “market perform” rating and a $300.00 price target on the stock. Mizuho upped their price objective on shares of Veeva Systems from $295.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $340.00 target price (up from $310.00) on shares of Veeva Systems in a report on Thursday, August 28th. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $305.88.

Veeva Systems Company Profile

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.