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

Veeva Systems Inc. (NYSE:VEEV) – Stock analysts at Zacks Research reduced their Q1 2026 earnings per share (EPS) estimates for shares of Veeva Systems in a research report issued on Tuesday, September 24th. Zacks Research analyst R. Department now expects that the technology company will earn $1.05 per share for the quarter, down from their prior forecast of $1.06. The consensus estimate for Veeva Systems’ current full-year earnings is $4.21 per share. Zacks Research also issued estimates for Veeva Systems’ FY2026 earnings at $4.45 EPS and FY2027 earnings at $5.05 EPS.

Several other equities research analysts also recently commented on the company. Raymond James raised their target price on Veeva Systems from $230.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Bank of America upped their target price on shares of Veeva Systems from $204.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Guggenheim boosted their price objective on shares of Veeva Systems from $211.00 to $233.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Truist Financial raised their target price on Veeva Systems from $197.00 to $207.00 and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Finally, BTIG Research assumed coverage on Veeva Systems in a research note on Tuesday, July 9th. They issued a “buy” rating and a $240.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $229.96.

Veeva Systems Trading Up 0.7 %

Shares of Veeva Systems stock opened at $210.85 on Friday. The company has a fifty day moving average price of $201.77 and a 200 day moving average price of $201.11. The stock has a market cap of $34.14 billion, a price-to-earnings ratio of 62.21, a price-to-earnings-growth ratio of 2.02 and a beta of 0.81. Veeva Systems has a twelve month low of $162.72 and a twelve month high of $236.90.

Veeva Systems (NYSE:VEEV) last issued its earnings results on Wednesday, August 28th. The technology company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. Veeva Systems had a return on equity of 13.30% and a net margin of 23.91%. The business had revenue of $676.18 million during the quarter, compared to analysts’ expectations of $667.21 million.

Institutional Trading of Veeva Systems

Hedge funds have recently added to or reduced their stakes in the business. APG Asset Management US Inc. bought a new stake in shares of Veeva Systems during the 4th quarter worth about $5,756,000. Eisler Capital UK Ltd. acquired a new stake in Veeva Systems in the fourth quarter worth approximately $1,408,000. Oberndorf William E bought a new position in Veeva Systems during the 4th quarter valued at $8,011,000. Envestnet Portfolio Solutions Inc. increased its position in shares of Veeva Systems by 44.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 29,782 shares of the technology company’s stock valued at $5,450,000 after purchasing an additional 9,232 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Veeva Systems by 30.8% in the 1st quarter. BNP Paribas Financial Markets now owns 89,023 shares of the technology company’s stock worth $20,626,000 after buying an additional 20,982 shares in the last quarter. Institutional investors own 88.20% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Jonathan Faddis sold 2,353 shares of Veeva Systems stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $200.00, for a total value of $470,600.00. Following the sale, the senior vice president now directly owns 9,035 shares in the company, valued at approximately $1,807,000. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 10.50% of the stock is owned by corporate insiders.

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.