Jupiter Asset Management Ltd. Cuts Stake in Veeva Systems Inc. $VEEV

Jupiter Asset Management Ltd. decreased its holdings in Veeva Systems Inc. (NYSE:VEEV) by 32.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,938 shares of the technology company’s stock after selling 30,768 shares during the period. Jupiter Asset Management Ltd.’s holdings in Veeva Systems were worth $19,048,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in VEEV. Sivia Capital Partners LLC lifted its stake in shares of Veeva Systems by 225.9% during the second quarter. Sivia Capital Partners LLC now owns 3,122 shares of the technology company’s stock worth $899,000 after buying an additional 2,164 shares during the period. Legacy Investment Solutions LLC acquired a new stake in shares of Veeva Systems during the second quarter worth about $32,000. Mutual of America Capital Management LLC boosted its position in Veeva Systems by 15.5% in the second quarter. Mutual of America Capital Management LLC now owns 4,131 shares of the technology company’s stock valued at $1,190,000 after buying an additional 554 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in Veeva Systems in the 2nd quarter worth approximately $361,000. Finally, Brookstone Capital Management raised its position in Veeva Systems by 9.0% during the 2nd quarter. Brookstone Capital Management now owns 1,293 shares of the technology company’s stock worth $372,000 after buying an additional 107 shares during the last quarter. 88.20% of the stock is currently owned by institutional investors.

Veeva Systems Stock Performance

Shares of NYSE VEEV opened at $180.45 on Friday. The firm has a fifty day moving average of $211.00 and a 200 day moving average of $254.09. The firm has a market cap of $29.66 billion, a PE ratio of 35.11, a PEG ratio of 1.26 and a beta of 1.08. Veeva Systems Inc. has a one year low of $168.13 and a one year high of $310.50.

Veeva Systems (NYSE:VEEV) last announced 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. Veeva Systems had a net margin of 27.93% and a return on equity of 13.68%. The business had revenue of $0.81 million for the quarter, compared to analyst estimates of $792.37 million. During the same quarter last year, the business earned $1.75 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities analysts predict that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Veeva Systems announced that its Board of Directors has initiated a share buyback program on Monday, January 5th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the technology company to purchase up to 5.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Thomas D. Schwenger sold 1,000 shares of Veeva Systems stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $231.43, for a total value of $231,430.00. Following the sale, the insider directly 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Veeva Systems in a report on Friday, December 12th. Robert W. Baird upped their price target on shares of Veeva Systems from $314.00 to $319.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Truist Financial upgraded Veeva Systems from a “hold” rating to a “buy” rating in a research note 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 objective for the company. Finally, Weiss Ratings lowered Veeva Systems from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Eighteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $302.58.

Veeva Systems News Summary

Here are the key news stories impacting Veeva Systems this week:

• Positive Sentiment: RBC Capital reiterated its Buy stance on VEEV, signaling continued institutional confidence in Veeva’s growth profile and commercial software exposure. RBC Sticks to Buy
• Positive Sentiment: Morgan Stanley upgraded VEEV (upgrade reported), adding upward analyst support that can attract buyers who follow institutional ratings. Morgan Stanley Upgrade
• Positive Sentiment: Veeva closed higher in the most recent session, showing short-term buying interest after recent weakness. Veeva Closes Higher
• Neutral Sentiment: JPMorgan trimmed its price target from $330 to $296 but kept an Overweight rating — a signal that the bank still sees upside even while moderating expectations. JPMorgan PT Cut
• Neutral Sentiment: UBS lowered its target from $280 to $200 and moved to a Neutral rating — reducing near-term upside from that shop and likely tempering enthusiasm from UBS-following investors. UBS PT Cut
• Neutral Sentiment: Analyst/opinion pieces weigh two reasons to like VEEV (platform strength, recurring revenue) against one concern — signaling a balanced view for investors considering re-entry after recent losses. 2 Reasons to Like VEEV
• Negative Sentiment: Asset managers cite a broader sector rotation out of technology and software, which has pressured Veeva alongside peers — a macro/flow-driven headwind that can keep volatility elevated. Sector Rotation

Veeva Systems Profile

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.