Zacks Research Research Analysts Lift Earnings Estimates for Veeva Systems Inc. (NYSE:VEEV)

Veeva Systems Inc. (NYSE:VEEV - Free Report) - Investment analysts at Zacks Research raised their FY2025 earnings per share estimates for shares of Veeva Systems in a research note issued on Wednesday, September 18th. Zacks Research analyst R. Department now expects that the technology company will earn $4.20 per share for the year, up from their prior estimate of $4.10. The consensus estimate for Veeva Systems' current full-year earnings is $4.20 per share. Zacks Research also issued estimates for Veeva Systems' Q4 2025 earnings at $1.01 EPS, Q2 2026 earnings at $1.11 EPS, Q3 2026 earnings at $1.10 EPS, FY2026 earnings at $4.46 EPS, Q1 2027 earnings at $1.19 EPS, Q2 2027 earnings at $1.23 EPS and FY2027 earnings at $5.07 EPS.

Veeva Systems (NYSE:VEEV - Get Free Report) last posted its quarterly earnings results on Wednesday, August 28th. The technology company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.03. The business had revenue of $676.18 million during the quarter, compared to the consensus estimate of $667.21 million. Veeva Systems had a return on equity of 13.30% and a net margin of 23.91%.

Several other equities research analysts have also recently weighed in on the company. Bank of America upped their target price on Veeva Systems from $204.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, August 29th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $250.00 price objective on shares of Veeva Systems in a research note on Thursday, August 29th. Morgan Stanley lowered their target price on Veeva Systems from $210.00 to $173.00 and set an "underweight" rating for the company in a research note on Friday, May 31st. Truist Financial raised their price target on shares of Veeva Systems from $197.00 to $207.00 and gave the company a "hold" rating in a research note on Tuesday, September 3rd. Finally, Guggenheim upped their price objective on shares of Veeva Systems from $211.00 to $233.00 and gave the stock a "buy" rating in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $229.96.

Veeva Systems Stock Performance

Shares of Veeva Systems stock traded down $3.84 on Monday, reaching $211.04. 953,558 shares of the stock were exchanged, compared to its average volume of 973,791. The firm's 50 day moving average is $199.76 and its 200-day moving average is $201.29. The firm has a market cap of $34.12 billion, a PE ratio of 62.25, a P/E/G ratio of 2.12 and a beta of 0.81. Veeva Systems has a one year low of $162.72 and a one year high of $236.90.

Institutional Trading of Veeva Systems

Hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. bought a new position in Veeva Systems in the first quarter worth approximately $28,000. DSM Capital Partners LLC acquired a new stake in Veeva Systems in the 4th quarter valued at $29,000. First Financial Corp IN acquired a new stake in Veeva Systems in the 1st quarter valued at $35,000. Larson Financial Group LLC increased its stake in Veeva Systems by 1,153.8% during the 1st quarter. Larson Financial Group LLC now owns 163 shares of the technology company's stock valued at $38,000 after purchasing an additional 150 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in Veeva Systems during the fourth quarter worth $32,000. Institutional investors own 88.20% of the company's stock.

Insiders Place Their Bets

In other Veeva Systems news, SVP Jonathan Faddis sold 2,353 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $200.00, for a total value of $470,600.00. Following the transaction, the senior vice president now directly owns 9,035 shares of the company's stock, valued at $1,807,000. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 10.50% of the company's stock.

Veeva Systems Company Profile

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.