Veeva Systems Inc (NYSE:VEEV) Director Ronald E. F. Codd sold 2,000 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $57.07, for a total value of $114,140.00. Following the completion of the sale, the director now directly owns 9,978 shares of the company’s stock, valued at approximately $569,444.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Veeva Systems Inc (NYSE:VEEV) opened at $57.68 on Thursday. The stock has a market capitalization of $8,110.00, a price-to-earnings ratio of 63.38, a price-to-earnings-growth ratio of 4.66 and a beta of 1.60. Veeva Systems Inc has a twelve month low of $41.30 and a twelve month high of $68.07.
Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Tuesday, December 5th. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.09. The business had revenue of $176.10 million during the quarter, compared to the consensus estimate of $171.99 million. Veeva Systems had a return on equity of 12.21% and a net margin of 19.97%. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 earnings per share. equities analysts expect that Veeva Systems Inc will post 0.68 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of VEEV. BlackRock Inc. raised its holdings in Veeva Systems by 44.9% in the second quarter. BlackRock Inc. now owns 5,812,749 shares of the technology company’s stock worth $356,379,000 after purchasing an additional 1,801,439 shares in the last quarter. FMR LLC increased its holdings in shares of Veeva Systems by 50.9% during the second quarter. FMR LLC now owns 3,456,402 shares of the technology company’s stock valued at $211,912,000 after acquiring an additional 1,166,372 shares in the last quarter. State Street Corp increased its holdings in shares of Veeva Systems by 52.1% during the second quarter. State Street Corp now owns 1,856,894 shares of the technology company’s stock valued at $113,851,000 after acquiring an additional 635,842 shares in the last quarter. Koch Industries Inc. bought a new position in shares of Veeva Systems during the second quarter valued at $408,000. Finally, Janus Henderson Group PLC increased its holdings in shares of Veeva Systems by 202.7% during the third quarter. Janus Henderson Group PLC now owns 594,544 shares of the technology company’s stock valued at $33,538,000 after acquiring an additional 398,149 shares in the last quarter. Institutional investors and hedge funds own 70.90% of the company’s stock.
A number of brokerages recently commented on VEEV. Canaccord Genuity reaffirmed a “buy” rating and issued a $70.00 price target on shares of Veeva Systems in a research note on Wednesday, December 6th. BidaskClub lowered Veeva Systems from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. Zacks Investment Research raised Veeva Systems from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Wednesday, October 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $67.00 price target on shares of Veeva Systems in a research note on Friday, October 13th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Veeva Systems in a report on Thursday, October 12th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $67.45.
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About Veeva Systems
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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