Retireful LLC purchased a new stake in shares of Veeva Systems Inc. (NYSE:VEEV - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,312 shares of the technology company's stock, valued at approximately $905,000. Veeva Systems comprises about 0.7% of Retireful LLC's investment portfolio, making the stock its 27th largest position.
Other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. bought a new position in shares of Veeva Systems in the first quarter worth about $28,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Veeva Systems in the third quarter worth about $26,000. Blue Trust Inc. grew its position in shares of Veeva Systems by 3,460.0% during the 2nd quarter. Blue Trust Inc. now owns 178 shares of the technology company's stock worth $33,000 after buying an additional 173 shares during the period. DT Investment Partners LLC acquired a new stake in shares of Veeva Systems during the 2nd quarter worth approximately $35,000. Finally, Fairscale Capital LLC acquired a new stake in shares of Veeva Systems during the 2nd quarter worth approximately $46,000. 88.20% of the stock is owned by institutional investors.
Veeva Systems Price Performance
Shares of Veeva Systems stock traded up $0.74 during trading on Wednesday, hitting $210.63. The company's stock had a trading volume of 1,168,478 shares, compared to its average volume of 953,149. Veeva Systems Inc. has a 52 week low of $165.12 and a 52 week high of $240.68. The stock has a 50-day moving average price of $214.95 and a two-hundred day moving average price of $200.93. The stock has a market cap of $34.11 billion, a price-to-earnings ratio of 55.61, a price-to-earnings-growth ratio of 2.06 and a beta of 0.81.
Veeva Systems (NYSE:VEEV - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The technology company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.03. The company had revenue of $676.18 million during the quarter, compared to analyst estimates of $667.21 million. Veeva Systems had a net margin of 23.91% and a return on equity of 13.30%. On average, equities analysts predict that Veeva Systems Inc. will post 4.21 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Veeva Systems from $203.00 to $208.00 and gave the stock a "neutral" rating in a research report on Monday, September 9th. UBS Group boosted their price objective on shares of Veeva Systems from $185.00 to $215.00 and gave the company a "neutral" rating in a report on Monday, August 26th. Guggenheim boosted their price objective on shares of Veeva Systems from $233.00 to $249.00 and gave the company a "buy" rating in a report on Tuesday, October 1st. Royal Bank of Canada boosted their price objective on shares of Veeva Systems from $250.00 to $275.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, TD Cowen lifted their price target on shares of Veeva Systems from $180.00 to $192.00 and gave the company a "hold" rating in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $236.92.
Read Our Latest Stock Report on VEEV
Insider Buying and Selling
In other news, insider Thomas D. Schwenger sold 1,126 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $240.01, for a total transaction of $270,251.26. Following the completion of the sale, the insider now directly owns 27,013 shares of the company's stock, valued at $6,483,390.13. This trade represents a 4.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 10.50% of the stock is currently owned by corporate insiders.
About Veeva Systems
(
Free Report)
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.
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