Mediolanum International Funds Ltd Purchases 3,770 Shares of Veeva Systems Inc. $VEEV

Mediolanum International Funds Ltd lifted its holdings in Veeva Systems Inc. (NYSE:VEEV) by 5.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,889 shares of the technology company’s stock after purchasing an additional 3,770 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Veeva Systems were worth $12,298,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Williams Jones Wealth Management LLC. lifted its position in Veeva Systems by 0.4% during the third 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 during the last quarter. Personal CFO Solutions LLC increased its holdings in shares of Veeva Systems by 4.3% in the 4th quarter. Personal CFO Solutions LLC now owns 1,213 shares of the technology company’s stock worth $271,000 after buying an additional 50 shares during the last quarter. Rafferty Asset Management LLC raised its position in shares of 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 buying an additional 51 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of 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 buying an additional 54 shares in the last quarter. Finally, Northwest Wealth Management LLC lifted its holdings in shares of Veeva Systems by 6.1% in the 4th quarter. Northwest Wealth Management LLC now owns 956 shares of the technology company’s stock valued at $213,000 after acquiring an additional 55 shares during the last quarter. Institutional investors own 88.20% of the company’s stock.

Insiders Place Their Bets

In other Veeva Systems news, Director Priscilla Hung sold 750 shares of Veeva Systems 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 in the company, valued at $506,296.92. The trade was a 18.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on VEEV shares. Citigroup lifted their price target on Veeva Systems from $176.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, June 4th. Barclays lowered their price objective on Veeva Systems from $250.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, June 4th. Weiss Ratings raised Veeva Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Wall Street Zen cut shares of Veeva Systems from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $275.00 target price on shares of Veeva Systems in a research note on Thursday, June 4th. Eighteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $247.74.

Veeva Systems Stock Up 0.1%

Shares of NYSE:VEEV opened at $195.62 on Monday. The company has a market capitalization of $31.78 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 0.84 and a beta of 0.94. Veeva Systems Inc. has a 52 week low of $148.05 and a 52 week high of $310.50. The firm has a 50 day moving average of $171.66 and a 200 day moving average of $182.55.

Veeva Systems (NYSE:VEEV) last announced its earnings results on Wednesday, June 3rd. The technology company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.10. Veeva Systems had a return on equity of 13.72% and a net margin of 28.37%.The business had revenue of $882.95 million for the quarter, compared to analysts’ expectations of $857.73 million. During the same quarter last year, the firm earned $1.97 EPS. The business’s revenue for the quarter 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. On average, sell-side analysts expect that Veeva Systems Inc. will post 6.65 EPS for the current year.

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.