Robeco Institutional Asset Management B.V. Has $238.74 Million Stock Holdings in Veeva Systems Inc. $VEEV

by · The Markets Daily

Robeco Institutional Asset Management B.V. lifted its position in shares of Veeva Systems Inc. (NYSE:VEEV – Free Report) by 6.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 801,367 shares of the technology company’s stock after buying an additional 51,949 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.49% of Veeva Systems worth $238,735,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. D.A. Davidson & CO. increased its position in Veeva Systems by 15.0% during the third quarter. D.A. Davidson & CO. now owns 8,309 shares of the technology company’s stock worth $2,475,000 after acquiring an additional 1,083 shares during the period. OLD Second National Bank of Aurora acquired a new position in shares of Veeva Systems during the 3rd quarter worth approximately $30,000. Investment Research & Advisory Group Inc. increased its holdings in shares of Veeva Systems by 3.7% during the third quarter. Investment Research & Advisory Group Inc. now owns 14,684 shares of the technology company’s stock worth $4,375,000 after purchasing an additional 521 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Veeva Systems by 95.2% in the third quarter. Commonwealth Equity Services LLC now owns 46,192 shares of the technology company’s stock valued at $13,761,000 after buying an additional 22,527 shares in the last quarter. Finally, Earned Wealth Advisors LLC raised its position in shares of Veeva Systems by 34.0% in the third quarter. Earned Wealth Advisors LLC now owns 2,070 shares of the technology company’s stock valued at $617,000 after buying an additional 525 shares in the last quarter. Institutional investors own 88.20% of the company’s stock.

Analysts Set New Price Targets

VEEV has been the topic of a number of recent research reports. William Blair restated an “outperform” rating on shares of Veeva Systems in a research note on Friday, October 17th. Wells Fargo & Company reduced their target price on Veeva Systems from $341.00 to $333.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. UBS Group dropped their price target on Veeva Systems from $310.00 to $280.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $355.00 price objective on shares of Veeva Systems in a research report on Friday, November 21st. Finally, KeyCorp reiterated a “sector weight” rating on shares of Veeva Systems in a research note on Friday, December 12th. Eighteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $307.42.

Read Our Latest Report on VEEV

Veeva Systems Stock Up 0.8%

Shares of VEEV stock opened at $221.30 on Tuesday. The business has a fifty day simple moving average of $250.89 and a 200 day simple moving average of $272.11. The company has a market cap of $36.38 billion, a P/E ratio of 43.05, a P/E/G ratio of 1.62 and a beta of 1.07. Veeva Systems Inc. has a twelve month low of $201.54 and a twelve month high of $310.50.

Veeva Systems (NYSE:VEEV – Get Free Report) last released its earnings results on Thursday, November 20th. The technology company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.09. The firm had revenue of $0.81 million for the quarter, compared to analysts’ expectations of $792.37 million. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.75 earnings per share. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS and its Q4 2026 guidance at 1.920-1.920 EPS. As a group, equities research analysts anticipate that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

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

Veeva Systems Profile

(Free Report)

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.

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