Veeva Systems Inc. $VEEV Shares Acquired by Makena Capital Management LLC

Makena Capital Management LLC lifted its holdings in Veeva Systems Inc. (NYSE:VEEV) by 30.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,799 shares of the technology company’s stock after buying an additional 26,526 shares during the period. Veeva Systems comprises approximately 3.0% of Makena Capital Management LLC’s portfolio, making the stock its 10th biggest position. Makena Capital Management LLC’s holdings in Veeva Systems were worth $25,403,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Crossmark Global Holdings Inc. boosted its position in shares of Veeva Systems by 17.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 1,731 shares of the technology company’s stock worth $386,000 after buying an additional 262 shares during the period. Ethic Inc. raised its holdings in Veeva Systems by 2.7% during the fourth quarter. Ethic Inc. now owns 16,431 shares of the technology company’s stock valued at $3,668,000 after buying an additional 434 shares in the last quarter. Koshinski Asset Management Inc. bought a new position in Veeva Systems during the fourth quarter valued at about $224,000. International Assets Investment Management LLC bought a new position in Veeva Systems during the fourth quarter valued at about $60,000. Finally, Diversify Wealth Management LLC grew its position in shares of Veeva Systems by 4.6% in the fourth quarter. Diversify Wealth Management LLC now owns 12,473 shares of the technology company’s stock valued at $2,850,000 after purchasing an additional 551 shares during the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Veeva Systems Stock Down 1.2%

Shares of VEEV opened at $166.21 on Friday. Veeva Systems Inc. has a 12-month low of $148.05 and a 12-month high of $310.50. The firm has a market capitalization of $27.15 billion, a price-to-earnings ratio of 30.72, a P/E/G ratio of 0.75 and a beta of 0.92. The stock’s 50-day moving average price is $174.27 and its 200 day moving average price is $213.74.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Wednesday, March 4th. The technology company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.12. Veeva Systems had a return on equity of 13.80% and a net margin of 28.44%.The firm had revenue of $835.95 million for the quarter, compared to analyst estimates of $810.95 million. During the same period in the previous year, the company posted $1.74 earnings per share. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. Veeva Systems has set its FY 2027 guidance at 8.850- EPS and its Q1 2027 guidance at 2.130-2.14 EPS. Equities research analysts expect that Veeva Systems Inc. will post 6.41 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VEEV. Truist Financial reaffirmed a “buy” rating and issued a $262.00 price target (down from $275.00) on shares of Veeva Systems in a research report on Thursday, March 5th. Needham & Company LLC lowered their price target on Veeva Systems from $355.00 to $270.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. JPMorgan Chase & Co. lowered their price target on Veeva Systems from $330.00 to $296.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Weiss Ratings downgraded Veeva Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Royal Bank Of Canada lowered their price target on Veeva Systems from $330.00 to $275.00 and set an “outperform” rating on the stock in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $278.70.

Insiders Place Their Bets

In other Veeva Systems news, Director Priscilla Hung sold 750 shares of Veeva Systems stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $155.64, for a total transaction of $116,730.00. Following the sale, the director directly owned 3,253 shares of the company’s stock, valued at approximately $506,296.92. The trade was a 18.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 10.30% of the company’s stock.

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.