Perryman Financial Advisory Inc. AD Purchases Shares of 10,461 Veeva Systems Inc. $VEEV

Perryman Financial Advisory Inc. AD purchased a new stake in shares of Veeva Systems Inc. (NYSE:VEEV) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,461 shares of the technology company’s stock, valued at approximately $2,335,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Personal CFO Solutions LLC increased its stake in Veeva Systems by 3.5% during the 3rd quarter. Personal CFO Solutions LLC now owns 1,163 shares of the technology company’s stock valued at $346,000 after purchasing an additional 39 shares in the last quarter. AFT Forsyth & Company Inc. increased its stake in Veeva Systems by 4.2% during the 3rd quarter. AFT Forsyth & Company Inc. now owns 984 shares of the technology company’s stock valued at $293,000 after purchasing an additional 40 shares in the last quarter. Williams Jones Wealth Management LLC. increased its stake in Veeva Systems by 0.4% during the 3rd quarter. Williams Jones Wealth Management LLC. now owns 9,419 shares of the technology company’s stock valued at $2,806,000 after purchasing an additional 40 shares in the last quarter. Rafferty Asset Management LLC increased its stake in Veeva Systems by 0.7% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,881 shares of the technology company’s stock valued at $1,982,000 after purchasing an additional 51 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in Veeva Systems by 8.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 719 shares of the technology company’s stock valued at $214,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 88.20% of the company’s stock.

Veeva Systems Price Performance

VEEV opened at $159.44 on Monday. The company has a market capitalization of $25.90 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 0.69 and a beta of 0.95. The firm’s fifty day moving average price is $165.06 and its two-hundred day moving average price is $191.80. Veeva Systems Inc. has a 1 year low of $148.05 and a 1 year high of $310.50.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Wednesday, June 3rd. The technology company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.10. The firm had revenue of $882.95 million for the quarter, compared to the consensus estimate of $857.73 million. Veeva Systems had a net margin of 28.37% and a return on equity of 13.72%. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, equities analysts anticipate that Veeva Systems Inc. will post 6.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on VEEV shares. Stifel Nicolaus decreased their price target on shares of Veeva Systems from $245.00 to $230.00 and set a “buy” rating for the company in a research note 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. UBS Group decreased their price target on shares of Veeva Systems from $220.00 to $190.00 and set a “neutral” rating for the company in a research note on Thursday, June 4th. Raymond James Financial restated an “outperform” rating and set a $225.00 price target on shares of Veeva Systems in a research note on Thursday, June 4th. Finally, Morgan Stanley boosted their price target on shares of Veeva Systems from $205.00 to $215.00 and gave the company an “equal weight” rating in a research note on Thursday, March 5th. Eighteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Veeva Systems has a consensus rating of “Moderate Buy” and an average target price of $250.96.

Insider Transactions at Veeva Systems

In other Veeva Systems news, Director Priscilla Hung sold 750 shares of Veeva Systems stock in a transaction 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 transaction, the director directly owned 3,253 shares of the company’s stock, valued at $506,296.92. The trade was a 18.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.60% of the stock is owned by corporate insiders.

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.