1,208 Shares in Veeva Systems Inc. (NYSE:VEEV) Bought by Stevens Capital Management LP

Stevens Capital Management LP purchased a new stake in shares of Veeva Systems Inc. (NYSE:VEEV) during the 4th quarter, HoldingsChannel reports. The firm purchased 1,208 shares of the technology company’s stock, valued at approximately $233,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in Veeva Systems during the third quarter worth about $25,000. Operose Advisors LLC purchased a new position in Veeva Systems during the third quarter worth about $29,000. Parkside Financial Bank & Trust raised its stake in Veeva Systems by 81.9% during the third quarter. Parkside Financial Bank & Trust now owns 171 shares of the technology company’s stock worth $35,000 after purchasing an additional 77 shares during the period. Atticus Wealth Management LLC raised its stake in shares of Veeva Systems by 500.0% in the 3rd quarter. Atticus Wealth Management LLC now owns 180 shares of the technology company’s stock valued at $37,000 after acquiring an additional 150 shares during the period. Finally, Nkcfo LLC grew its holdings in shares of Veeva Systems by 54.7% in the third quarter. Nkcfo LLC now owns 232 shares of the technology company’s stock valued at $47,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on VEEV shares. Truist Financial upped their target price on shares of Veeva Systems from $187.00 to $203.00 and gave the company a “hold” rating in a report on Friday, March 1st. StockNews.com upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Barclays raised their target price on shares of Veeva Systems from $240.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Jefferies Financial Group raised their target price on shares of Veeva Systems from $225.00 to $270.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, The Goldman Sachs Group lifted their price target on shares of Veeva Systems from $219.00 to $248.00 and gave the stock a “buy” rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $234.90.

Insider Activity at Veeva Systems

In related news, EVP Alan Mateo sold 3,391 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $200.86, for a total value of $681,116.26. Following the transaction, the executive vice president now owns 21,983 shares in the company, valued at $4,415,505.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Timothy S. Cabral sold 15,000 shares of Veeva Systems stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $226.04, for a total value of $3,390,600.00. Following the sale, the director now owns 23,391 shares of the company’s stock, valued at approximately $5,287,301.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Alan Mateo sold 3,391 shares of Veeva Systems stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $200.86, for a total value of $681,116.26. Following the completion of the sale, the executive vice president now directly owns 21,983 shares in the company, valued at approximately $4,415,505.38. The disclosure for this sale can be found here. Insiders have sold a total of 21,989 shares of company stock worth $4,818,013 over the last 90 days. Insiders own 10.98% of the company’s stock.

Veeva Systems Stock Up 0.9 %

Veeva Systems stock traded up $1.82 during mid-day trading on Friday, hitting $200.91. 756,180 shares of the company were exchanged, compared to its average volume of 969,921. The business has a fifty day moving average of $219.63 and a 200 day moving average of $202.71. Veeva Systems Inc. has a 1-year low of $160.21 and a 1-year high of $236.90. The company has a market capitalization of $32.41 billion, a PE ratio of 61.83, a price-to-earnings-growth ratio of 2.03 and a beta of 0.74.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Thursday, February 29th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.11. Veeva Systems had a return on equity of 11.26% and a net margin of 22.24%. The firm had revenue of $630.62 million during the quarter, compared to analyst estimates of $620.75 million. Research analysts expect that Veeva Systems Inc. will post 4.11 earnings per share for the current year.

Veeva Systems 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.