Veeva Systems Inc. (NYSE:VEEV) Director Ronald E. F. Codd sold 2,000 shares of Veeva Systems stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $40.31, for a total transaction of $80,620.00. Following the sale, the director now owns 3,569 shares in the company, valued at approximately $143,866.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Veeva Systems Inc. (NYSE:VEEV) opened at 39.00 on Friday. Veeva Systems Inc. has a 12-month low of $19.97 and a 12-month high of $42.58. The company has a market capitalization of $5.31 billion, a PE ratio of 105.41 and a beta of 1.58. The company has a 50 day moving average price of $40.37 and a 200-day moving average price of $33.88.
Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Tuesday, August 30th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. The firm had revenue of $131.30 million for the quarter, compared to analysts’ expectations of $126.61 million. Veeva Systems had a return on equity of 11.26% and a net margin of 11.33%. The company’s quarterly revenue was up 33.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 EPS. On average, analysts anticipate that Veeva Systems Inc. will post $0.60 EPS for the current year.
A number of equities research analysts have weighed in on VEEV shares. Zacks Investment Research downgraded shares of Veeva Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. Canaccord Genuity reiterated a “hold” rating and set a $43.00 price target (up previously from $35.00) on shares of Veeva Systems in a research note on Monday, August 29th. Bank of America Corp. started coverage on shares of Veeva Systems in a research note on Friday, June 17th. They set a “neutral” rating and a $40.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and set a $46.00 price target (up previously from $43.00) on shares of Veeva Systems in a research note on Friday, September 30th. Finally, Pacific Crest set a $42.00 price target on shares of Veeva Systems and gave the stock a “buy” rating in a research note on Wednesday, August 31st. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $41.46.
A number of hedge funds and other institutional investors have recently bought and sold shares of VEEV. Pembroke Management LTD purchased a new position in Veeva Systems during the second quarter valued at $6,714,000. IBM Retirement Fund purchased a new position in Veeva Systems during the second quarter valued at $331,000. First Republic Investment Management Inc. boosted its position in Veeva Systems by 54.0% in the first quarter. First Republic Investment Management Inc. now owns 43,730 shares of the company’s stock valued at $1,095,000 after buying an additional 15,335 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Veeva Systems during the first quarter valued at $982,000. Finally, Envestnet Asset Management Inc. boosted its position in Veeva Systems by 48.6% in the first quarter. Envestnet Asset Management Inc. now owns 46,029 shares of the company’s stock valued at $1,153,000 after buying an additional 15,050 shares during the last quarter. Hedge funds and other institutional investors own 70.67% of the company’s stock.
Veeva Systems Company Profile
Veeva Systems Inc (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data.
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