Strs Ohio Sells 6,472 Shares of Veeva Systems Inc. $VEEV

by · The Cerbat Gem

Strs Ohio decreased its holdings in Veeva Systems Inc. (NYSE:VEEV – Free Report) by 12.9% in the second quarter, Holdings Channel reports. The firm owned 43,728 shares of the technology company’s stock after selling 6,472 shares during the quarter. Strs Ohio’s holdings in Veeva Systems were worth $12,593,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Trust Co. of Toledo NA OH bought a new stake in Veeva Systems in the 2nd quarter worth approximately $29,000. Abound Financial LLC bought a new position in shares of Veeva Systems during the 1st quarter valued at $25,000. Legacy Investment Solutions LLC bought a new position in shares of Veeva Systems during the 2nd quarter valued at $32,000. Maseco LLP bought a new position in shares of Veeva Systems during the 2nd quarter valued at $35,000. Finally, Wayfinding Financial LLC bought a new position in shares of Veeva Systems during the 1st quarter valued at $32,000. Institutional investors own 88.20% of the company’s stock.

Veeva Systems Trading Up 2.2%

Shares of NYSE:VEEV opened at $291.20 on Friday. The stock has a 50 day moving average of $285.22 and a 200 day moving average of $272.54. The company has a market cap of $47.73 billion, a PE ratio of 59.80, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. Veeva Systems Inc. has a 12-month low of $201.54 and a 12-month high of $310.50.

Veeva Systems (NYSE:VEEV – Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The technology company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.64). The company had revenue of $789.08 million for the quarter, compared to the consensus estimate of $768.49 million. Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the firm posted $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. Equities research analysts predict that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Insider Transactions at Veeva Systems

In other news, insider Eleni Nitsa Zuppas sold 6,000 shares of the company’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $306.62, for a total value of $1,839,720.00. Following the completion of the transaction, the insider owned 25,325 shares of the company’s stock, valued at $7,765,151.50. This represents a 19.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Thomas D. Schwenger sold 3,350 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 23,773 shares of the company’s stock, valued at approximately $7,132,850.92. This trade represents a 12.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,665 shares of company stock valued at $7,438,000 over the last 90 days. Company insiders own 10.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Truist Financial increased their price target on Veeva Systems from $268.00 to $275.00 and gave the company a “hold” rating in a report on Thursday, August 28th. KeyCorp boosted their target price on shares of Veeva Systems from $285.00 to $325.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Needham & Company LLC restated a “buy” rating and set a $355.00 target price on shares of Veeva Systems in a research report on Friday, October 17th. Canaccord Genuity Group boosted their target price on shares of Veeva Systems from $270.00 to $300.00 and gave the company a “hold” rating in a research report on Thursday, August 28th. Finally, JPMorgan Chase & Co. upgraded shares of Veeva Systems from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $290.00 to $330.00 in a research report on Monday, September 8th. Seventeen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Veeva Systems currently has an average rating of “Moderate Buy” and a consensus price target of $307.58.

Get Our Latest Stock Analysis on VEEV

Veeva Systems Company Profile

(Free Report)

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.

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