Schroder Investment Management Group Boosts Stock Holdings in Veeva Systems Inc. $VEEV

Schroder Investment Management Group grew its holdings in Veeva Systems Inc. (NYSE:VEEV) by 19.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,216,202 shares of the technology company’s stock after purchasing an additional 201,228 shares during the period. Schroder Investment Management Group owned approximately 0.74% of Veeva Systems worth $356,347,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of VEEV. Sivia Capital Partners LLC raised its holdings in Veeva Systems by 225.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,122 shares of the technology company’s stock valued at $899,000 after acquiring an additional 2,164 shares during the period. Legacy Investment Solutions LLC purchased a new position in shares of Veeva Systems in the second quarter valued at $32,000. Savant Capital LLC lifted its holdings in Veeva Systems by 190.1% during the 2nd quarter. Savant Capital LLC now owns 22,980 shares of the technology company’s stock worth $6,618,000 after purchasing an additional 15,058 shares in the last quarter. Vestmark Advisory Solutions Inc. purchased a new stake in Veeva Systems during the 2nd quarter worth about $297,000. Finally, Penserra Capital Management LLC boosted its stake in Veeva Systems by 409.4% in the 2nd quarter. Penserra Capital Management LLC now owns 3,693 shares of the technology company’s stock worth $1,062,000 after purchasing an additional 2,968 shares during the period. 88.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on VEEV shares. KeyCorp reaffirmed a “sector weight” rating on shares of Veeva Systems in a research note on Friday, December 12th. Royal Bank Of Canada cut their price target on shares of Veeva Systems from $330.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday. Piper Sandler reduced their price target on shares of Veeva Systems from $355.00 to $285.00 and set an “overweight” rating for the company in a research report on Thursday. TD Cowen decreased their price target on shares of Veeva Systems from $380.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday. Finally, BTIG Research reissued a “buy” rating and set a $340.00 price objective on shares of Veeva Systems in a research note on Friday, November 21st. 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 company’s stock. According to MarketBeat.com, Veeva Systems has a consensus rating of “Moderate Buy” and a consensus target price of $284.91.

Veeva Systems Price Performance

Shares of Veeva Systems stock opened at $195.89 on Monday. Veeva Systems Inc. has a 1 year low of $168.13 and a 1 year high of $310.50. The firm has a market cap of $32.20 billion, a PE ratio of 36.21, a PEG ratio of 1.35 and a beta of 1.09. The company has a 50 day simple moving average of $203.47 and a two-hundred day simple moving average of $246.91.

Veeva Systems (NYSE:VEEV) last posted 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. Veeva Systems had a net margin of 28.44% and a return on equity of 14.11%. The firm had revenue of $835.95 million for the quarter, compared to analysts’ expectations of $810.95 million. During the same quarter last year, the company posted $1.74 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis. Veeva Systems has set its FY 2027 guidance at 8.850- EPS and its Q1 2027 guidance at 2.130-2.14 EPS. As a group, research analysts anticipate that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

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

Insiders Place Their Bets

In other Veeva Systems 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 transaction of $231,430.00. Following the completion of the sale, the insider owned 23,204 shares of the company’s stock, valued at $5,370,101.72. The trade was a 4.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.30% of the stock is owned by insiders.

Veeva Systems Company 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.