Scotiabank Comments on Veeva Systems FY2025 Earnings

Veeva Systems Inc. (NYSE:VEEV) – Equities research analysts at Scotiabank issued their FY2025 earnings per share (EPS) estimates for Veeva Systems in a note issued to investors on Wednesday, January 8th. Scotiabank analyst A. Verkhovski anticipates 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 target 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.

VEEV has been the subject of a number of other research reports. Guggenheim raised their price objective on Veeva Systems from $233.00 to $249.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Piper Sandler raised their price objective on Veeva Systems from $280.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Barclays raised their price objective on Veeva Systems from $260.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. KeyCorp reduced their price objective on Veeva Systems from $285.00 to $255.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, Mizuho started coverage on Veeva Systems in a report on Wednesday, December 4th. They issued an “outperform” rating and a $275.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Veeva Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.74.

Veeva Systems Price Performance

NYSE VEEV opened at $213.06 on Monday. Veeva Systems has a one year low of $170.25 and a one year high of $258.93. The business has a 50 day simple moving average of $222.98 and a 200 day simple moving average of $208.97. The stock has a market capitalization of $34.59 billion, a P/E ratio of 52.61, a P/E/G ratio of 2.03 and a beta of 0.84.

Insider Activity at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,126 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $240.01, for a total value of $270,251.26. Following the completion of the sale, the insider now owns 27,013 shares in the company, valued at approximately $6,483,390.13. This trade represents a 4.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jonathan Faddis sold 1,694 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was 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 position. The disclosure for this sale can be found here. 10.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Veeva Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Veeva Systems in the 3rd quarter valued at approximately $26,000. True Wealth Design LLC lifted its stake 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 position in shares of Veeva Systems in the 3rd quarter valued at approximately $49,000. Fairscale Capital LLC purchased a new position in shares of Veeva Systems in the 2nd quarter valued at approximately $46,000. Finally, Quent Capital LLC lifted its stake in shares of Veeva Systems by 794.1% in the 3rd quarter. Quent Capital LLC now owns 304 shares of the technology company’s stock valued at $64,000 after purchasing an additional 270 shares during the period. Hedge funds and other institutional investors own 88.20% 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.