Mizuho Securities Co. Ltd. Makes New $144,000 Investment in Veeva Systems Inc. $VEEV

Mizuho Securities Co. Ltd. acquired a new position in shares of Veeva Systems Inc. (NYSE:VEEV) in the 2nd quarter, HoldingsChannel reports. The fund acquired 500 shares of the technology company’s stock, valued at approximately $144,000. Veeva Systems makes up 0.5% of Mizuho Securities Co. Ltd.’s holdings, making the stock its 27th largest position.

Other large investors have also bought and sold shares of the company. Trust Co. of Toledo NA OH acquired a new stake in shares of Veeva Systems in the 2nd quarter valued at about $29,000. Legacy Investment Solutions LLC acquired a new stake in Veeva Systems in the second quarter valued at approximately $32,000. Maseco LLP bought a new stake in shares of Veeva Systems during the second quarter valued at approximately $35,000. Ameritas Advisory Services LLC bought a new stake in shares of Veeva Systems during the second quarter valued at approximately $68,000. Finally, ORG Partners LLC raised its position in shares of Veeva Systems by 176.3% during the second quarter. ORG Partners LLC now owns 315 shares of the technology company’s stock worth $89,000 after purchasing an additional 201 shares during the period. 88.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on VEEV. Raymond James Financial reissued an “outperform” rating and issued a $340.00 price target (up previously from $310.00) on shares of Veeva Systems in a research report on Thursday, August 28th. William Blair reiterated an “outperform” rating on shares of Veeva Systems in a report on Friday, October 17th. Stifel Nicolaus boosted their target price on shares of Veeva Systems from $295.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Needham & Company LLC restated a “buy” rating and issued a $355.00 target price on shares of Veeva Systems in a report on Friday, October 17th. Finally, Wall Street Zen downgraded Veeva Systems from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Seventeen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $307.28.

Veeva Systems Stock Performance

Veeva Systems stock opened at $273.21 on Thursday. Veeva Systems Inc. has a fifty-two week low of $201.54 and a fifty-two week high of $310.50. The firm’s 50-day simple moving average is $288.57 and its 200 day simple moving average is $278.53. The stock has a market cap of $44.78 billion, a PE ratio of 56.10, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98.

Veeva Systems (NYSE:VEEV) last posted its 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). Veeva Systems had a return on equity of 13.72% and a net margin of 27.29%.The firm had revenue of $789.08 million for the quarter, compared to the consensus estimate of $768.49 million. During the same period in the prior year, the business earned $1.62 EPS. Veeva Systems’s quarterly revenue was up 16.7% compared to the same quarter last year. 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, analysts predict that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Thomas D. Schwenger sold 3,350 shares of Veeva Systems stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total transaction of $1,005,134.00. Following the sale, the insider directly owned 23,773 shares in the company, valued at $7,132,850.92. The trade was a 12.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of Veeva Systems stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the completion of the sale, the insider directly owned 25,325 shares in the company, valued at approximately $7,765,151.50. This represents a 19.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 24,665 shares of company stock worth $7,438,000. 10.30% of the stock is owned by company insiders.

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.