Scotiabank Forecasts Veeva Systems FY2025 Earnings

Veeva Systems Inc. (NYSE:VEEV - Free Report) - Analysts at Scotiabank issued their FY2025 earnings per share estimates for Veeva Systems in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst A. Verkhovski forecasts that the technology company will post earnings per share of $4.32 for the year. Scotiabank has a "Sector Perform" rating and a $240.00 price objective on the stock. The consensus estimate for Veeva Systems' current full-year earnings is $4.31 per share. Scotiabank also issued estimates for Veeva Systems' FY2026 earnings at $4.54 EPS.

A number of other analysts also recently issued reports on the stock. Robert W. Baird increased their price target on shares of Veeva Systems from $275.00 to $283.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. KeyCorp reduced their price target on Veeva Systems from $285.00 to $255.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. upped their price objective on Veeva Systems from $208.00 to $218.00 and gave the company a "neutral" rating in a report on Monday, December 16th. Guggenheim raised their target price on Veeva Systems from $233.00 to $249.00 and gave the stock a "buy" rating in a research note on Tuesday, October 1st. Finally, Piper Sandler upped their price target on Veeva Systems from $280.00 to $290.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $255.74.

Veeva Systems Stock Down 1.7 %

Shares of VEEV traded down $3.69 during mid-day trading on Monday, reaching $214.06. The company had a trading volume of 195,684 shares, compared to its average volume of 899,095. The stock has a market capitalization of $34.75 billion, a P/E ratio of 52.85, a PEG ratio of 2.03 and a beta of 0.84. The stock has a 50 day moving average of $222.97 and a two-hundred day moving average of $208.78. Veeva Systems has a 52-week low of $170.25 and a 52-week high of $258.93.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Mowery & Schoenfeld Wealth Management LLC bought a new position in Veeva Systems during the third quarter valued at about $26,000. True Wealth Design LLC increased its holdings in shares of Veeva Systems by 3,375.0% in the 3rd quarter. True Wealth Design LLC now owns 139 shares of the technology company's stock valued at $29,000 after purchasing an additional 135 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in shares of Veeva Systems in the third quarter worth approximately $49,000. Fairscale Capital LLC acquired a new stake in shares of Veeva Systems during the second quarter worth approximately $46,000. Finally, Quent Capital LLC boosted its holdings in shares of Veeva Systems by 794.1% during the third quarter. Quent Capital LLC now owns 304 shares of the technology company's stock worth $64,000 after purchasing an additional 270 shares during the period. Institutional investors own 88.20% of the company's stock.

Insider Transactions at Veeva Systems

In other news, SVP Jonathan Faddis sold 1,694 shares of the company's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $230.30, for a total transaction of $390,128.20. Following the completion of the transaction, the senior vice president now owns 8,061 shares in the company, valued at approximately $1,856,448.30. This represents a 17.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas D. Schwenger sold 1,126 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $240.01, for a total transaction of $270,251.26. Following the transaction, the insider now directly owns 27,013 shares of the company's stock, valued at $6,483,390.13. The trade was a 4.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.50% of the company's stock.

About Veeva Systems

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.