Veeva Systems Inc. $VEEV Shares Sold by Capital Investment Counsel Inc

Capital Investment Counsel Inc lowered its stake in shares of Veeva Systems Inc. (NYSE:VEEV) by 5.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,101 shares of the technology company’s stock after selling 1,405 shares during the period. Veeva Systems comprises 1.0% of Capital Investment Counsel Inc’s investment portfolio, making the stock its 22nd biggest position. Capital Investment Counsel Inc’s holdings in Veeva Systems were worth $7,229,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VEEV. JPMorgan Chase & Co. raised shares of Veeva Systems from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $290.00 to $330.00 in a research note on Monday, September 8th. Mizuho raised their price target on shares of Veeva Systems from $295.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Stifel Nicolaus upped their price objective on shares of Veeva Systems from $295.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Oppenheimer reiterated an “outperform” rating and issued a $325.00 price objective on shares of Veeva Systems in a report on Thursday, August 28th. Finally, Wells Fargo & Company raised their target price on shares of Veeva Systems from $300.00 to $326.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 26th. Seventeen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Veeva Systems currently has an average rating of “Moderate Buy” and an average target price of $307.58.

Insider Buying and Selling

In related news, SVP Jonathan Faddis sold 14,595 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $300.00, for a total value of $4,378,500.00. Following the completion of the transaction, the senior vice president directly owned 8,588 shares in the company, valued at approximately $2,576,400. This represents a 62.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of Veeva Systems stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total value of $1,839,720.00. Following the completion of the sale, the insider owned 25,325 shares in the company, valued at $7,765,151.50. This represents a 19.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 24,665 shares of company stock worth $7,438,000. Company insiders own 10.30% of the company’s stock.

Veeva Systems Trading Down 0.7%

Veeva Systems stock opened at $297.11 on Thursday. The company has a 50-day moving average price of $288.05 and a 200 day moving average price of $276.78. Veeva Systems Inc. has a 12-month low of $201.54 and a 12-month high of $310.50. The stock has a market cap of $48.70 billion, a P/E ratio of 61.01, a PEG 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 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.64). The firm had revenue of $789.08 million during the quarter, compared to analyst estimates of $768.49 million. Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.62 earnings per share. 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 forecast that Veeva Systems Inc. will post 4.35 EPS for the current year.

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.