Fundsmith LLP Takes $144.96 Million Position in Veeva Systems Inc. $VEEV

Fundsmith LLP acquired a new position in Veeva Systems Inc. (NYSE:VEEV) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 816,785 shares of the technology company’s stock, valued at approximately $144,955,000. Veeva Systems makes up about 1.1% of Fundsmith LLP’s investment portfolio, making the stock its 23rd largest holding.

Several other hedge funds have also recently modified their holdings of VEEV. Empire Life Investments Inc. grew its stake in Veeva Systems by 21.1% in the 4th quarter. Empire Life Investments Inc. now owns 37,054 shares of the technology company’s stock valued at $8,272,000 after purchasing an additional 6,453 shares during the period. Czech National Bank purchased a new stake in shares of Veeva Systems during the 2nd quarter valued at $7,584,000. BNP Paribas raised its stake in shares of Veeva Systems by 89.3% during the 4th quarter. BNP Paribas now owns 19,239 shares of the technology company’s stock worth $4,308,000 after purchasing an additional 9,077 shares during the period. ABN Amro Investment Solutions boosted its holdings in shares of Veeva Systems by 28.4% in the 4th quarter. ABN Amro Investment Solutions now owns 76,809 shares of the technology company’s stock worth $17,146,000 after buying an additional 17,007 shares during the last quarter. Finally, AustralianSuper Pty Ltd bought a new position in Veeva Systems during the fourth quarter valued at about $2,453,000. Institutional investors own 88.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on VEEV shares. BNP Paribas Exane restated an “outperform” rating and set a $285.00 price objective on shares of Veeva Systems in a report on Thursday, June 4th. Citigroup increased their target price on shares of Veeva Systems from $190.00 to $273.00 and gave the company a “neutral” rating in a research report on Friday. Oppenheimer raised their price target on shares of Veeva Systems from $225.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday, August 17th. Guggenheim lifted their price target on shares of Veeva Systems from $276.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday. Finally, UBS Group upped their price objective on Veeva Systems from $190.00 to $290.00 and gave the company a “neutral” rating in a research note on Thursday. Nineteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $284.46.

Veeva Systems Stock Performance

NYSE:VEEV opened at $277.27 on Monday. The business’s fifty day moving average is $208.48 and its 200 day moving average is $184.39. The firm has a market cap of $45.04 billion, a price-to-earnings ratio of 45.60, a PEG ratio of 1.19 and a beta of 0.92. Veeva Systems Inc. has a 52-week low of $148.05 and a 52-week high of $310.50.

Veeva Systems (NYSE:VEEV) last issued its earnings results on Wednesday, August 26th. The technology company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.23 by $0.12. The business had revenue of $927.96 million during the quarter, compared to the consensus estimate of $905.38 million. Veeva Systems had a return on equity of 14.25% and a net margin of 29.34%.The firm’s revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.99 EPS. Veeva Systems has set its FY 2027 guidance at 9.210-9.210 EPS and its Q3 2027 guidance at 2.330-2.340 EPS. Equities analysts predict that Veeva Systems Inc. will post 6.65 EPS for the current fiscal year.

Key Stories Impacting Veeva Systems

Here are the key news stories impacting Veeva Systems this week:

• Positive Sentiment: Beat-and-raise quarter: Veeva reported fiscal Q2 revenue of approximately $928 million, up 17.6% year over year and above expectations. Non-GAAP EPS of $2.35 also exceeded consensus, while next-quarter revenue guidance of about $933.5 million was roughly 1.5% ahead of estimates. VEEV Q2 Deep Dive: AI Expansion, CRM Wins, and Accelerating R&D Cloud Adoption
• Positive Sentiment: AI and CRM momentum: Management highlighted demand for its Falcon AI platform, record Vault CRM execution and increasing adoption of its Commercial Cloud products. The company expects its first Falcon customers to go live this year, supporting the growth outlook. VEEV Q2 Earnings Call Centers on Falcon and CRM Momentum
• Positive Sentiment: Shareholder returns and financial strength: Veeva’s $2 billion buyback—of which about $1.4 billion reportedly remains—may offset stock-based compensation and support EPS growth. Approximately $1.8 billion in cash, $5.4 billion in short-term investments and minimal debt provide balance-sheet flexibility.
• Positive Sentiment: Higher bullish targets: Barclays raised its target to $315, RBC to $325, Guggenheim to $310, Truist to $305 and Robert W. Baird to $300, with buy, outperform or overweight ratings. Analyst price-target updates
• Neutral Sentiment: Valuation is demanding: VEEV trades near $277, with a reported P/E ratio of 45.6, leaving less room for execution mistakes after the recent rally.
• Negative Sentiment: Analyst caution and consolidation: Citi maintained a neutral rating with a $273 target, while BMO, Canaccord and Morgan Stanley targets were below the current price. The latest weakness may therefore represent consolidation as investors digest strong results and reassess the stock’s premium valuation.

Insider Activity at Veeva Systems

In other news, insider Thomas D. Schwenger sold 36,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $250.23, for a total value of $9,008,280.00. Following the completion of the transaction, the insider directly owned 19,449 shares in the company, valued at approximately $4,866,723.27. This trade represents a 64.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 10.60% of the company’s stock.

Veeva Systems 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.