J. Safra Sarasin Holding AG Sells 9,133 Shares of Veeva Systems Inc. $VEEV

J. Safra Sarasin Holding AG reduced its stake in shares of Veeva Systems Inc. (NYSE:VEEV) by 70.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,864 shares of the technology company’s stock after selling 9,133 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Veeva Systems were worth $1,151,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in VEEV. ASR Vermogensbeheer N.V. boosted its position in Veeva Systems by 64.2% in the second quarter. ASR Vermogensbeheer N.V. now owns 5,167 shares of the technology company’s stock valued at $1,488,000 after buying an additional 2,020 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Veeva Systems by 33.7% in the third quarter. Nordea Investment Management AB now owns 523,247 shares of the technology company’s stock valued at $153,099,000 after acquiring an additional 131,974 shares during the last quarter. Compass Wealth Management LLC bought a new position in shares of Veeva Systems in the third quarter valued at approximately $18,694,000. Stevens Capital Management LP acquired a new position in shares of Veeva Systems in the 2nd quarter worth approximately $306,000. Finally, Orser Capital Management LLC bought a new stake in Veeva Systems during the 3rd quarter worth approximately $1,631,000. Institutional investors own 88.20% of the company’s stock.

Insider Buying and Selling

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,000 shares of the company’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total transaction of $231,430.00. Following the completion of the sale, the insider owned 23,204 shares in the company, valued at approximately $5,370,101.72. The trade was a 4.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.30% of the company’s stock.

Veeva Systems Stock Down 0.1%

Shares of VEEV stock opened at $217.66 on Thursday. The firm has a market cap of $35.78 billion, a price-to-earnings ratio of 42.35, a PEG ratio of 1.61 and a beta of 1.07. Veeva Systems Inc. has a 12 month low of $201.54 and a 12 month high of $310.50. The stock has a 50-day moving average price of $229.28 and a 200 day moving average price of $265.65.

Veeva Systems (NYSE:VEEV) last issued its earnings results on Thursday, November 20th. The technology company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.09. The company had revenue of $0.81 million for the quarter, compared to analyst estimates of $792.37 million. Veeva Systems had a net margin of 27.93% and a return on equity of 13.68%. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.75 EPS. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS and its Q4 2026 guidance at 1.920-1.920 EPS. Sell-side analysts predict that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Veeva Systems declared that its board has authorized a stock repurchase plan on Monday, January 5th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 5.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

VEEV has been the subject of several research analyst reports. Truist Financial upgraded Veeva Systems from a “hold” rating to a “buy” rating in a research report on Thursday, January 8th. BMO Capital Markets assumed coverage on Veeva Systems in a report on Thursday, November 13th. They issued a “market perform” rating and a $300.00 price target for the company. Canaccord Genuity Group reiterated a “buy” rating on shares of Veeva Systems in a research report on Tuesday, November 25th. Needham & Company LLC reissued a “buy” rating and set a $355.00 price objective on shares of Veeva Systems in a report on Friday, November 21st. Finally, William Blair reaffirmed an “outperform” rating on shares of Veeva Systems in a research note on Friday, October 17th. Eighteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $308.04.

About Veeva Systems

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.