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Zacks Research Boosts Earnings Estimates for Veeva Systems

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Veeva Systems Inc. (NYSE:VEEV - Free Report) - Equities researchers at Zacks Research upped their FY2025 earnings per share estimates for shares of Veeva Systems in a research report issued to clients and investors on Thursday, December 26th. Zacks Research analyst R. Department now anticipates that the technology company will post earnings per share of $4.42 for the year, up from their previous estimate of $4.20. The consensus estimate for Veeva Systems' current full-year earnings is $4.31 per share. Zacks Research also issued estimates for Veeva Systems' Q2 2026 earnings at $1.14 EPS, Q3 2026 earnings at $1.18 EPS, Q4 2026 earnings at $1.23 EPS, Q1 2027 earnings at $1.21 EPS and Q3 2027 earnings at $1.25 EPS.

Other research analysts have also issued reports about the company. Citigroup raised their price target on Veeva Systems from $281.00 to $307.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Robert W. Baird raised their target price on Veeva Systems from $275.00 to $283.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Truist Financial reaffirmed a "hold" rating and issued a $261.00 price target (up from $207.00) on shares of Veeva Systems in a research note on Friday, December 6th. Scotiabank increased their price target on shares of Veeva Systems from $235.00 to $240.00 and gave the company a "sector perform" rating in a research report on Friday, December 6th. Finally, Barclays boosted their price objective on shares of Veeva Systems from $260.00 to $275.00 and gave the company an "overweight" rating in a report 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. According to data from MarketBeat, Veeva Systems currently has an average rating of "Moderate Buy" and an average target price of $257.44.

View Our Latest Stock Analysis on Veeva Systems

Veeva Systems Stock Down 1.2 %

VEEV stock traded down $2.54 during midday trading on Monday, reaching $211.47. The company's stock had a trading volume of 852,764 shares, compared to its average volume of 993,059. The business's 50-day simple moving average is $223.03 and its 200-day simple moving average is $206.85. Veeva Systems has a 52 week low of $170.25 and a 52 week high of $258.93. The stock has a market cap of $34.33 billion, a PE ratio of 52.21, a price-to-earnings-growth ratio of 2.03 and a beta of 0.82.

Hedge Funds Weigh In On Veeva Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Veeva Systems in the third quarter worth $26,000. True Wealth Design LLC increased its holdings in 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 buying an additional 135 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Veeva Systems in the 3rd quarter valued at approximately $49,000. Fairscale Capital LLC bought a new stake in shares of Veeva Systems during the 2nd quarter worth approximately $46,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of Veeva Systems during the 2nd quarter worth approximately $52,000. 88.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Veeva Systems

In other news, insider Thomas D. Schwenger sold 1,126 shares of the firm's stock in a transaction that occurred on 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 approximately $6,483,390.13. This trade represents a 4.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jonathan Faddis sold 1,694 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $230.30, for a total value of $390,128.20. Following the completion of the sale, the senior vice president now owns 8,061 shares of the company's stock, valued at approximately $1,856,448.30. This trade represents a 17.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 10.50% of the company's stock.

Veeva Systems Company Profile

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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.

See Also

Earnings History and Estimates for Veeva Systems (NYSE:VEEV)

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