Diversify Wealth Management LLC Acquires Shares of 10,161 Veeva Systems Inc. (NYSE:VEEV)

Diversify Wealth Management LLC bought a new position in Veeva Systems Inc. (NYSE:VEEV - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 10,161 shares of the technology company's stock, valued at approximately $2,212,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in VEEV. Advisors Asset Management Inc. purchased a new position in shares of Veeva Systems during the first quarter worth approximately $28,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Veeva Systems during the third quarter valued at $26,000. Larson Financial Group LLC boosted its holdings in Veeva Systems by 1,153.8% in the first quarter. Larson Financial Group LLC now owns 163 shares of the technology company's stock worth $38,000 after acquiring an additional 150 shares in the last quarter. Blue Trust Inc. boosted its stake in Veeva Systems by 3,460.0% in the 2nd quarter. Blue Trust Inc. now owns 178 shares of the technology company's stock worth $33,000 after purchasing an additional 173 shares in the last quarter. Finally, DT Investment Partners LLC purchased a new stake in Veeva Systems during the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 88.20% of the company's stock.

Insider Buying and Selling at Veeva Systems

In other Veeva Systems news, SVP Jonathan Faddis sold 2,353 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $200.00, for a total transaction of $470,600.00. Following the completion of the transaction, the senior vice president now owns 9,035 shares in the company, valued at $1,807,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 10.50% of the company's stock.

Wall Street Analysts Forecast Growth

VEEV has been the subject of a number of recent analyst reports. Truist Financial boosted their target price on Veeva Systems from $197.00 to $207.00 and gave the stock a "hold" rating in a research report on Tuesday, September 3rd. Bank of America increased their price objective on shares of Veeva Systems from $204.00 to $240.00 and gave the company a "neutral" rating in a research report on Thursday, August 29th. Citigroup raised their target price on shares of Veeva Systems from $256.00 to $273.00 and gave the stock a "buy" rating in a report on Tuesday, August 27th. Royal Bank of Canada reiterated an "outperform" rating and set a $250.00 target price on shares of Veeva Systems in a research note on Thursday, August 29th. Finally, Barclays raised their price target on Veeva Systems from $220.00 to $240.00 and gave the stock an "overweight" rating in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $232.87.

Veeva Systems Trading Up 0.3 %

Veeva Systems stock traded up $0.71 during mid-day trading on Wednesday, hitting $214.56. The stock had a trading volume of 540,885 shares, compared to its average volume of 940,089. The firm's 50 day moving average is $211.85 and its 200 day moving average is $198.78. The firm has a market capitalization of $34.74 billion, a P/E ratio of 56.78, a P/E/G ratio of 2.06 and a beta of 0.81. Veeva Systems Inc. has a one year low of $162.72 and a one year high of $236.90.

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, topping analysts' consensus estimates of $1.04 by $0.03. The firm had revenue of $676.18 million during the quarter, compared to analyst estimates of $667.21 million. Veeva Systems had a return on equity of 13.30% and a net margin of 23.91%. As a group, equities research analysts forecast that Veeva Systems Inc. will post 4.21 earnings per share for the current year.

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.