Schaper Benz & Wise Investment Counsel Inc. WI Has $7.55 Million Stock Holdings in Veeva Systems Inc. $VEEV

Schaper Benz & Wise Investment Counsel Inc. WI lifted its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 132.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,802 shares of the technology company’s stock after acquiring an additional 19,254 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Veeva Systems were worth $7,546,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC lifted its holdings in shares of Veeva Systems by 196.4% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock valued at $25,000 after purchasing an additional 55 shares in the last quarter. Raiffeisen Bank International AG acquired a new stake in Veeva Systems during the 3rd quarter worth approximately $28,000. OLD Second National Bank of Aurora bought a new position in Veeva Systems in the third quarter valued at approximately $30,000. Board of the Pension Protection Fund bought a new position in shares of Veeva Systems during the 4th quarter worth approximately $27,000. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in shares of Veeva Systems by 58.3% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 133 shares of the technology company’s stock valued at $38,000 after acquiring an additional 49 shares in the last quarter. Institutional investors own 88.20% of the company’s stock.

Insiders Place Their Bets

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,000 shares of the firm’s stock in a transaction on 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 owned 23,204 shares of the company’s stock, valued at approximately $5,370,101.72. This trade represents a 4.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.30% of the stock is owned by insiders.

Veeva Systems Stock Down 3.3%

Shares of NYSE:VEEV opened at $179.20 on Wednesday. Veeva Systems Inc. has a 12-month low of $168.13 and a 12-month high of $310.50. The company’s 50 day moving average price is $192.81 and its two-hundred day moving average price is $239.08. The firm has a market cap of $29.46 billion, a PE ratio of 33.12, a PEG ratio of 1.22 and a beta of 1.09.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Wednesday, March 4th. The technology company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.12. The firm had revenue of $835.95 million during the quarter, compared to analysts’ expectations of $810.95 million. Veeva Systems had a return on equity of 13.80% and a net margin of 28.44%.The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.74 EPS. Veeva Systems has set its FY 2027 guidance at 8.850- EPS and its Q1 2027 guidance at 2.130-2.14 EPS. On average, research analysts expect that Veeva Systems Inc. will post 4.35 EPS for the current year.

Veeva Systems declared that its board has initiated a share buyback plan on Monday, January 5th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 5.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on VEEV shares. Wells Fargo & Company reduced their price target on Veeva Systems from $333.00 to $317.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Morgan Stanley boosted their price objective on shares of Veeva Systems from $205.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 5th. KeyCorp reaffirmed a “sector weight” rating on shares of Veeva Systems in a report on Friday, December 12th. TD Cowen reduced their price target on Veeva Systems from $380.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Finally, Truist Financial restated a “buy” rating and set a $262.00 target price (down from $275.00) on shares of Veeva Systems in a research note on Thursday, March 5th. Seventeen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Veeva Systems has a consensus rating of “Moderate Buy” and an average target price of $283.70.

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.