Lombard Odier Asset Management Switzerland SA Buys Shares of 3,796 Veeva Systems Inc. $VEEV

Lombard Odier Asset Management Switzerland SA bought a new position in shares of Veeva Systems Inc. (NYSE:VEEV) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,796 shares of the technology company’s stock, valued at approximately $667,000.

Other institutional investors have also made changes to their positions in the company. SHP Wealth Management acquired a new position in shares of Veeva Systems in the 4th quarter worth approximately $26,000. Newbridge Financial Services Group Inc. raised its position 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 valued at $29,000 after purchasing an additional 100 shares during the period. Activest Wealth Management raised its position in Veeva Systems by 3,175.0% in the fourth quarter. Activest Wealth Management now owns 131 shares of the technology company’s stock valued at $29,000 after purchasing an additional 127 shares during the period. MV Capital Management Inc. acquired a new position in Veeva Systems during the fourth quarter worth $30,000. Finally, Reflection Asset Management acquired a new position in Veeva Systems during the fourth quarter worth $32,000. 88.20% of the stock is currently owned by institutional investors and hedge funds.

Veeva Systems Trading Up 3.6%

NYSE:VEEV opened at $201.54 on Wednesday. Veeva Systems Inc. has a 12-month low of $148.05 and a 12-month high of $310.50. The firm has a market cap of $32.74 billion, a PE ratio of 35.92, a price-to-earnings-growth ratio of 0.84 and a beta of 0.94. The stock has a fifty day moving average price of $175.96 and a 200 day moving average price of $180.75.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Wednesday, June 3rd. The technology company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.10. The company had revenue of $882.95 million for the quarter, compared to the consensus estimate of $857.73 million. Veeva Systems had a return on equity of 13.72% and a net margin of 28.37%.Veeva Systems’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.97 EPS. 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. Equities analysts forecast that Veeva Systems Inc. will post 6.65 EPS for the current year.

Insider Activity at Veeva Systems

In related news, Director Priscilla Hung sold 750 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $155.64, for a total transaction of $116,730.00. Following the sale, the director directly owned 3,253 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 10.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on VEEV shares. TD Cowen reaffirmed a “buy” rating on shares of Veeva Systems in a research note on Thursday, June 4th. Stifel Nicolaus dropped their target price on Veeva Systems from $245.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Zacks Research lowered shares of Veeva Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Raymond James Financial reissued an “outperform” rating and set a $225.00 price target on shares of Veeva Systems in a research report on Thursday, June 4th. Finally, Wall Street Zen raised shares of Veeva Systems from a “hold” rating to a “buy” rating in a research note on Sunday. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $247.08.

Veeva Systems Company Profile

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.