Veeva Systems (NYSE:VEEV) Given New $319.00 Price Target at Robert W. Baird

Veeva Systems (NYSE:VEEV) had its price objective raised by Robert W. Baird from $314.00 to $319.00 in a research note released on Friday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the technology company’s stock.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets assumed coverage on Veeva Systems in a report on Thursday, November 13th. They set a “market perform” rating and a $300.00 price target for the company. Barclays raised their price objective on Veeva Systems from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. raised shares of Veeva Systems from a “neutral” rating to an “overweight” rating and increased their target price for the company from $290.00 to $330.00 in a research report on Monday, September 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Veeva Systems in a report on Wednesday, October 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $355.00 target price on shares of Veeva Systems in a report on Friday. Seventeen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $305.84.

Veeva Systems Stock Performance

Shares of NYSE VEEV traded down $26.52 during mid-day trading on Friday, reaching $243.98. The company had a trading volume of 4,902,806 shares, compared to its average volume of 1,306,488. The stock’s 50 day moving average is $287.74 and its 200-day moving average is $278.52. Veeva Systems has a twelve month low of $201.54 and a twelve month high of $310.50. The stock has a market capitalization of $39.99 billion, a PE ratio of 50.10, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Thursday, November 20th. The technology company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.09. The firm had revenue of $811.24 million during the quarter, compared to analyst estimates of $792.37 million. Veeva Systems had a return on equity of 13.72% and a net margin of 27.29%.The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.75 earnings per share. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS. Q4 2026 guidance at 1.920-1.920 EPS. On average, sell-side analysts anticipate that Veeva Systems will post 4.35 EPS for the current year.

Insider Buying and Selling

In other Veeva Systems 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 value of $1,005,134.00. Following the sale, the insider owned 23,773 shares in the company, valued at $7,132,850.92. The trade was a 12.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jonathan Faddis sold 14,595 shares of Veeva Systems stock in a transaction dated Thursday, October 2nd. The shares were 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 owned 8,588 shares of the company’s stock, valued at $2,576,400. The trade was a 62.96% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 24,665 shares of company stock worth $7,438,000. 10.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Veeva Systems

A number of large investors have recently bought and sold shares of VEEV. CIBC Bancorp USA Inc. purchased a new position in Veeva Systems in the third quarter valued at about $1,658,000. Ariadne Wealth Management LP acquired a new position in shares of Veeva Systems in the 3rd quarter worth $211,000. Centaurus Financial Inc. increased its holdings in shares of Veeva Systems by 65.9% in the 3rd quarter. Centaurus Financial Inc. now owns 2,075 shares of the technology company’s stock valued at $618,000 after purchasing an additional 824 shares during the period. Caerus Investment Advisors LLC acquired a new stake in shares of Veeva Systems in the 3rd quarter valued at $994,000. Finally, Captrust Financial Advisors increased its holdings in Veeva Systems by 37.4% in the 3rd quarter. Captrust Financial Advisors now owns 14,920 shares of the technology company’s stock valued at $4,445,000 after buying an additional 4,059 shares during the period. Institutional investors and hedge funds own 88.20% of the company’s stock.

About Veeva Systems

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.