Capital Analysts LLC Has $131,000 Stock Position in Veeva Systems Inc. (NYSE:VEEV)

Capital Analysts LLC raised its position in Veeva Systems Inc. (NYSE:VEEV) by 352.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 678 shares of the technology company’s stock after acquiring an additional 528 shares during the period. Capital Analysts LLC’s holdings in Veeva Systems were worth $131,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new position in Veeva Systems in the 3rd quarter valued at approximately $25,000. Operose Advisors LLC acquired a new position in Veeva Systems in the 3rd quarter valued at approximately $29,000. Parkside Financial Bank & Trust raised its holdings in Veeva Systems by 81.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 171 shares of the technology company’s stock valued at $35,000 after acquiring an additional 77 shares in the last quarter. Atticus Wealth Management LLC raised its holdings in 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 in the last quarter. Finally, Resurgent Financial Advisors LLC acquired a new position in shares of Veeva Systems in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

Veeva Systems Stock Performance

Shares of VEEV opened at $199.52 on Friday. The firm has a market capitalization of $32.19 billion, a price-to-earnings ratio of 61.96, a PEG ratio of 2.01 and a beta of 0.74. The business’s fifty day moving average price is $221.54 and its two-hundred day moving average price is $202.82. Veeva Systems Inc. has a 52 week low of $160.21 and a 52 week high of $236.90.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Thursday, February 29th. The technology company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.11. Veeva Systems had a return on equity of 11.26% and a net margin of 22.24%. The business had revenue of $630.62 million during the quarter, compared to analysts’ expectations of $620.75 million. As a group, research analysts forecast that Veeva Systems Inc. will post 4.11 EPS for the current year.

Analysts Set New Price Targets

VEEV has been the subject of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $260.00 target price on shares of Veeva Systems in a report on Tuesday, April 2nd. Jefferies Financial Group increased their target price on Veeva Systems from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Oppenheimer reissued an “outperform” rating and issued a $225.00 target price on shares of Veeva Systems in a report on Thursday, February 22nd. Barclays increased their target price on Veeva Systems from $240.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Finally, JPMorgan Chase & Co. increased their price target on Veeva Systems from $183.00 to $222.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Veeva Systems has an average rating of “Moderate Buy” and a consensus price target of $234.90.

Insider Buying and Selling

In related news, COO Thomas D. Schwenger sold 1,238 shares of Veeva Systems stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $210.02, for a total transaction of $260,004.76. Following the completion of the sale, the chief operating officer now directly owns 24,342 shares of the company’s stock, valued at $5,112,306.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Veeva Systems news, SVP Jonathan Faddis sold 3,598 shares of Veeva Systems stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $207.42, for a total transaction of $746,297.16. Following the transaction, the senior vice president now directly owns 10,668 shares in the company, valued at $2,212,756.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Thomas D. Schwenger sold 1,238 shares of Veeva Systems stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $210.02, for a total value of $260,004.76. Following the transaction, the chief operating officer now owns 24,342 shares in the company, valued at $5,112,306.84. The disclosure for this sale can be found here. Insiders sold a total of 19,836 shares of company stock valued at $4,396,902 over the last three months. Company insiders own 10.98% of the company’s stock.

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.