Veeva Systems Inc (NYSE:VEEV) – Equities researchers at Leerink Swann issued their FY2019 earnings per share (EPS) estimates for shares of Veeva Systems in a note issued to investors on Tuesday, December 4th. Leerink Swann analyst D. Larsen forecasts that the technology company will post earnings of $1.21 per share for the year. Leerink Swann currently has a “Outperform” rating and a $120.00 price target on the stock. Leerink Swann also issued estimates for Veeva Systems’ Q4 2019 earnings at $0.32 EPS, FY2020 earnings at $1.41 EPS and FY2021 earnings at $1.76 EPS.
Several other research analysts also recently commented on VEEV. Morgan Stanley lifted their price target on shares of Veeva Systems from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, August 16th. KeyCorp reissued a “buy” rating on shares of Veeva Systems in a research note on Thursday, August 23rd. JPMorgan Chase & Co. lifted their price target on shares of Veeva Systems from $81.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, August 24th. JMP Securities lifted their target price on shares of Veeva Systems from $80.00 to $95.00 and gave the stock a “market perform” rating in a research note on Friday, August 24th. They noted that the move was a valuation call. Finally, Stifel Nicolaus lifted their target price on shares of Veeva Systems from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, August 24th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $102.94.
VEEV stock opened at $92.34 on Thursday. The company has a market cap of $13.34 billion, a price-to-earnings ratio of 100.38, a price-to-earnings-growth ratio of 4.07 and a beta of 1.65. Veeva Systems has a one year low of $52.17 and a one year high of $109.05.
Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Wednesday, November 28th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. The firm had revenue of $224.70 million for the quarter, compared to the consensus estimate of $216.04 million. Veeva Systems had a net margin of 23.61% and a return on equity of 16.20%. The business’s revenue was up 26.9% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share.
A number of large investors have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its holdings in Veeva Systems by 4.5% in the second quarter. Morgan Stanley now owns 13,129,295 shares of the technology company’s stock valued at $1,009,118,000 after acquiring an additional 565,589 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Veeva Systems by 18.6% during the 3rd quarter. BlackRock Inc. now owns 7,710,493 shares of the technology company’s stock valued at $839,440,000 after buying an additional 1,207,291 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in shares of Veeva Systems by 4.0% during the 2nd quarter. Federated Investors Inc. PA now owns 4,022,406 shares of the technology company’s stock valued at $309,162,000 after buying an additional 155,953 shares in the last quarter. FMR LLC boosted its holdings in shares of Veeva Systems by 10.8% during the 3rd quarter. FMR LLC now owns 3,626,043 shares of the technology company’s stock valued at $394,767,000 after buying an additional 352,026 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in shares of Veeva Systems by 3.9% during the 3rd quarter. William Blair Investment Management LLC now owns 2,666,366 shares of the technology company’s stock valued at $290,287,000 after buying an additional 100,561 shares in the last quarter. Institutional investors and hedge funds own 76.66% of the company’s stock.
In related news, President Matthew J. Wallach sold 12,000 shares of Veeva Systems stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $90.72, for a total value of $1,088,640.00. Following the sale, the president now owns 12,000 shares in the company, valued at $1,088,640. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Eleni Nitsa Zuppas sold 7,200 shares of Veeva Systems stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $103.30, for a total transaction of $743,760.00. Following the completion of the sale, the insider now owns 12,398 shares in the company, valued at approximately $1,280,713.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,672 shares of company stock worth $7,896,968. 15.97% of the stock is owned by insiders.
Veeva Systems Company Profile
Veeva Systems Inc provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, data solutions, and master data management solutions; and Veeva Vault, a cloud-based enterprise content management applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, quality, and safety.
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