Fox Run Management L.L.C. Buys 5,701 Shares of Veeva Systems Inc. $VEEV

Fox Run Management L.L.C. raised its stake in Veeva Systems Inc. (NYSE:VEEV) by 413.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,079 shares of the technology company’s stock after acquiring an additional 5,701 shares during the quarter. Fox Run Management L.L.C.’s holdings in Veeva Systems were worth $1,580,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of VEEV. Board of the Pension Protection Fund acquired a new position in Veeva Systems in the fourth quarter worth $27,000. Raiffeisen Bank International AG acquired a new position in Veeva Systems in the third quarter worth $28,000. Newbridge Financial Services Group Inc. boosted its stake in Veeva Systems by 322.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 131 shares of the technology company’s stock worth $29,000 after purchasing an additional 100 shares in the last quarter. Activest Wealth Management boosted its stake in Veeva Systems by 3,175.0% in the fourth quarter. Activest Wealth Management now owns 131 shares of the technology company’s stock worth $29,000 after purchasing an additional 127 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. acquired a new position in Veeva Systems in the fourth quarter worth $33,000. 88.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Veeva Systems news, Director Priscilla Hung sold 750 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $155.64, for a total value of $116,730.00. Following the transaction, the director owned 3,253 shares of the company’s stock, valued at approximately $506,296.92. This represents a 18.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 10.60% of the company’s stock.

Veeva Systems Stock Down 3.1%

Shares of VEEV opened at $167.33 on Tuesday. Veeva Systems Inc. has a 12-month low of $148.05 and a 12-month high of $310.50. The firm has a market capitalization of $27.33 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95. The stock’s fifty day simple moving average is $165.94 and its 200-day simple moving average is $194.42.

Veeva Systems (NYSE:VEEV) last released its earnings results on Wednesday, June 3rd. The technology company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.10. Veeva Systems had a return on equity of 13.89% and a net margin of 28.37%.The firm had revenue of $882.95 million for the quarter, compared to analyst estimates of $857.73 million. During the same quarter in the prior year, the firm posted $1.97 earnings per share. The company’s quarterly revenue was up 16.3% on a year-over-year basis. Veeva Systems has set its FY 2027 guidance at 9.050-9.050 EPS and its Q2 2027 guidance at 2.210-2.220 EPS. Analysts anticipate that Veeva Systems Inc. will post 6.46 EPS for the current year.

Analyst Upgrades and Downgrades

VEEV has been the topic of a number of recent analyst reports. BTIG Research reissued a “buy” rating and issued a $340.00 price objective on shares of Veeva Systems in a research note on Thursday, June 4th. Citigroup boosted their price objective on Veeva Systems from $176.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, June 4th. Barclays reduced their price objective on Veeva Systems from $250.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, June 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $270.00 price target on shares of Veeva Systems in a research note on Thursday, June 4th. Finally, BMO Capital Markets cut their price target on Veeva Systems from $220.00 to $175.00 and set a “market perform” rating on the stock in a research note on Thursday, June 4th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Veeva Systems has a consensus rating of “Moderate Buy” and a consensus price target of $250.96.

About Veeva Systems

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.