Elo Mutual Pension Insurance Co Sells 7,462 Shares of Veeva Systems Inc. $VEEV

by · The Cerbat Gem

Elo Mutual Pension Insurance Co reduced its position in shares of Veeva Systems Inc. (NYSE:VEEV – Free Report) by 29.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 17,672 shares of the technology company’s stock after selling 7,462 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Veeva Systems were worth $5,089,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Trust Co. of Toledo NA OH bought a new stake in Veeva Systems in the 2nd quarter valued at approximately $29,000. Legacy Investment Solutions LLC acquired a new stake in shares of Veeva Systems in the second quarter valued at approximately $32,000. Maseco LLP bought a new stake in shares of Veeva Systems in the second quarter worth $35,000. Ameritas Advisory Services LLC acquired a new position in Veeva Systems during the second quarter worth $68,000. Finally, ORG Partners LLC grew its position in Veeva Systems by 176.3% in the second quarter. ORG Partners LLC now owns 315 shares of the technology company’s stock valued at $89,000 after purchasing an additional 201 shares in the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Insider Activity

In related news, SVP Jonathan Faddis sold 14,595 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $300.00, for a total value of $4,378,500.00. Following the transaction, the senior vice president owned 8,588 shares in the company, valued at approximately $2,576,400. This represents a 62.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas D. Schwenger sold 3,350 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total transaction of $1,005,134.00. Following the sale, the insider owned 23,773 shares of the company’s stock, valued at $7,132,850.92. This trade represents a 12.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,665 shares of company stock valued at $7,438,000 over the last ninety days. 10.30% of the stock is currently owned by company insiders.

Veeva Systems Stock Up 1.9%

NYSE:VEEV opened at $240.13 on Wednesday. Veeva Systems Inc. has a 12-month low of $201.54 and a 12-month high of $310.50. The firm has a market capitalization of $39.36 billion, a price-to-earnings ratio of 49.31, a P/E/G ratio of 2.22 and a beta of 0.98. The stock’s 50 day moving average price is $286.26 and its two-hundred day moving average price is $279.13.

Veeva Systems (NYSE:VEEV – Get Free Report) last posted its earnings results on Thursday, November 20th. The technology company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.09. Veeva Systems had a return on equity of 13.72% and a net margin of 27.29%.The business had revenue of $811.24 million for the quarter, compared to analyst estimates of $792.37 million. During the same period in the previous year, the firm earned $1.75 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS. Q4 2026 guidance at 1.920-1.920 EPS. Equities research analysts expect that Veeva Systems Inc. will post 4.35 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Oppenheimer reissued an “outperform” rating and set a $325.00 price target on shares of Veeva Systems in a research report on Thursday, August 28th. Mizuho upped their target price on Veeva Systems from $295.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Needham & Company LLC reissued a “buy” rating and set a $355.00 price target on shares of Veeva Systems in a research report on Friday, November 21st. Stifel Nicolaus boosted their price target on Veeva Systems from $295.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Finally, Weiss Ratings raised Veeva Systems from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $305.88.

Read Our Latest Report on Veeva Systems

Veeva Systems Profile

(Free Report)

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.

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