Veeva Systems Inc. (NYSE:VEEVFree Report) – Equities research analysts at Scotiabank issued their FY2025 EPS estimates for Veeva Systems in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst A. Verkhovski anticipates that the technology company will post earnings per share of $4.32 for the year. Scotiabank has a “Sector Perform” rating and a $240.00 price target on the stock. The consensus estimate for Veeva Systems’ current full-year earnings is $4.31 per share. Scotiabank also issued estimates for Veeva Systems’ FY2026 earnings at $4.54 EPS.

Other research analysts also recently issued research reports about the company. Needham & Company LLC increased their target price on Veeva Systems from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, December 6th. Mizuho initiated coverage on shares of Veeva Systems in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $275.00 price objective on the stock. Stephens assumed coverage on shares of Veeva Systems in a research report on Friday, December 20th. They set an “overweight” rating and a $280.00 target price for the company. Evercore ISI increased their price target on shares of Veeva Systems from $220.00 to $245.00 and gave the stock an “in-line” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Veeva Systems from $208.00 to $218.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $255.74.

Read Our Latest Stock Analysis on VEEV

Veeva Systems Price Performance

NYSE VEEV opened at $210.81 on Monday. The stock has a market capitalization of $34.23 billion, a price-to-earnings ratio of 52.05, a PEG ratio of 2.03 and a beta of 0.84. Veeva Systems has a 1-year low of $170.25 and a 1-year high of $258.93. The business’s fifty day moving average price is $222.94 and its 200-day moving average price is $209.17.

Institutional Trading of Veeva Systems

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA increased its position in Veeva Systems by 64.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,545,451 shares of the technology company’s stock valued at $744,084,000 after acquiring an additional 1,392,256 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Veeva Systems by 138.9% during the 3rd quarter. Principal Financial Group Inc. now owns 2,179,284 shares of the technology company’s stock worth $457,366,000 after purchasing an additional 1,267,061 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Veeva Systems by 73.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,558,592 shares of the technology company’s stock worth $536,972,000 after purchasing an additional 1,081,501 shares during the period. FMR LLC grew its holdings in Veeva Systems by 25.7% during the 3rd quarter. FMR LLC now owns 2,981,244 shares of the technology company’s stock valued at $625,674,000 after purchasing an additional 610,021 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in Veeva Systems by 761.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 297,771 shares of the technology company’s stock worth $62,493,000 after purchasing an additional 263,214 shares during the last quarter. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Insider Activity

In related news, insider Thomas D. Schwenger sold 1,126 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $240.01, for a total value of $270,251.26. Following the completion of the transaction, the insider now owns 27,013 shares of the company’s stock, valued at approximately $6,483,390.13. This trade represents a 4.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jonathan Faddis sold 1,694 shares of Veeva Systems stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $230.30, for a total value of $390,128.20. Following the completion of the transaction, the senior vice president now owns 8,061 shares of the company’s stock, valued at approximately $1,856,448.30. This represents a 17.37 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 10.50% of the company’s stock.

About Veeva Systems

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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.

Further Reading

EarningsEstimatesChart Brokers Issue Forecasts for Veeva Systems FY2025 Earnings



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