Riverbridge Partners LLC Has $73.70 Million Stake in Veeva Systems Inc. $VEEV

2026-03-27 06:37:04 ET

Riverbridge Partners LLC decreased its holdings in Veeva Systems Inc. ( NYSE:VEEV – Free Report ) by 5.4% in the 4th quarter, HoldingsChannel reports. The firm owned 330,143 shares of the technology company’s stock after selling 18,928 shares during the quarter. Veeva Systems accounts for approximately 1.4% of Riverbridge Partners LLC’s portfolio, making the stock its 22nd largest position. Riverbridge Partners LLC’s holdings in Veeva Systems were worth $73,698,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of VEEV. GPS Wealth Strategies Group LLC increased its stake in shares of Veeva Systems by 196.4% in the third quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock valued at $25,000 after buying an additional 55 shares in the last quarter. Board of the Pension Protection Fund acquired a new position in Veeva Systems during the 4th quarter worth about $27,000. Raiffeisen Bank International AG acquired a new position in Veeva Systems during the 3rd quarter worth about $28,000. OLD Second National Bank of Aurora bought a new stake in Veeva Systems during the 3rd quarter worth about $30,000. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in Veeva Systems by 58.3% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 133 shares of the technology company’s stock worth $38,000 after acquiring an additional 49 shares during the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Insider Transactions at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,000 shares of Veeva Systems stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total transaction of $231,430.00. Following the completion of the sale, the insider owned 23,204 shares of the company’s stock, valued at approximately $5,370,101.72. The trade was a 4.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Insiders own 10.30% of the company’s stock.

Veeva Systems Trading Up 0.4%

Veeva Systems stock opened at $178.77 on Friday. Veeva Systems Inc. has a 1 year low of $168.13 and a 1 year high of $310.50. The company has a market cap of $29.39 billion, a PE ratio of 33.04, a PEG ratio of 1.17 and a beta of 1.09. The company’s 50-day moving average is $191.19 and its two-hundred day moving average is $238.24.

Veeva Systems ( NYSE:VEEV – Get Free Report ) last issued its quarterly earnings results on Wednesday, March 4th. The technology company reported $2.06 EPS for the quarter, topping the consensus estimate of $1.94 by $0.12. The company had revenue of $835.95 million during the quarter, compared to analysts’ expectations of $810.95 million. Veeva Systems had a net margin of 28.44% and a return on equity of 13.80%. Veeva Systems’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.74 EPS. Veeva Systems has set its FY 2027 guidance at 8.850- EPS and its Q1 2027 guidance at 2.130-2.14 EPS. Research analysts forecast that Veeva Systems Inc. will post 4.35 EPS for the current year.

Veeva Systems declared that its board has initiated a stock buyback program on Monday, January 5th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 5.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Veeva Systems from $212.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Wells Fargo & Company decreased their price target on shares of Veeva Systems from $333.00 to $317.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. Royal Bank Of Canada lowered their price target on shares of Veeva Systems from $330.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday, March 5th. Wall Street Zen cut shares of Veeva Systems from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Finally, William Blair reaffirmed an “outperform” rating on shares of Veeva Systems in a report on Tuesday, March 10th. Seventeen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $283.70.

Get Our Latest Analysis on Veeva Systems

About Veeva Systems

( Free Report )

Veeva Systems (NYSE: VEEV) is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.

Veeva’s product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.

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