Oxford Asset Management LLP Acquires Shares of 10,537 Veeva Systems Inc. (NYSE:VEEV)

Oxford Asset Management LLP purchased a new stake in shares of Veeva Systems Inc. (NYSE:VEEV - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 10,537 shares of the technology company's stock, valued at approximately $2,215,000. Veeva Systems accounts for about 1.1% of Oxford Asset Management LLP's holdings, making the stock its 4th biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of VEEV. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Veeva Systems by 72.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the technology company's stock valued at $25,000 after buying an additional 50 shares during the period. Centricity Wealth Management LLC purchased a new position in shares of Veeva Systems during the 4th quarter valued at about $25,000. Smithfield Trust Co lifted its holdings in Veeva Systems by 145.5% in the 4th quarter. Smithfield Trust Co now owns 135 shares of the technology company's stock worth $27,000 after purchasing an additional 80 shares in the last quarter. Avion Wealth lifted its holdings in Veeva Systems by 635.0% in the 4th quarter. Avion Wealth now owns 147 shares of the technology company's stock worth $30,000 after purchasing an additional 127 shares in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new position in Veeva Systems in the 4th quarter worth approximately $31,000. 88.20% of the stock is owned by institutional investors.

Veeva Systems Stock Down 0.8 %

Shares of Veeva Systems stock traded down $1.92 on Monday, reaching $225.62. The stock had a trading volume of 1,122,036 shares, compared to its average volume of 1,073,585. The company has a 50 day moving average price of $225.90 and a 200 day moving average price of $224.20. Veeva Systems Inc. has a 1 year low of $170.25 and a 1 year high of $258.93. The stock has a market capitalization of $36.71 billion, a P/E ratio of 55.71, a P/E/G ratio of 1.89 and a beta of 1.05.

Insiders Place Their Bets

In other Veeva Systems news, Director Timothy S. Cabral sold 3,882 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $216.83, for a total transaction of $841,734.06. Following the sale, the director now owns 5,500 shares of the company's stock, valued at approximately $1,192,565. The trade was a 41.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas D. Schwenger sold 1,200 shares of the business's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $220.97, for a total transaction of $265,164.00. Following the sale, the insider now directly owns 25,889 shares in the company, valued at approximately $5,720,692.33. This represents a 4.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,869 shares of company stock valued at $1,284,917. Insiders own 10.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. KeyCorp reduced their price objective on Veeva Systems from $260.00 to $250.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. The Goldman Sachs Group downgraded Veeva Systems from a "buy" rating to a "sell" rating and reduced their price objective for the stock from $261.00 to $200.00 in a research note on Thursday, January 23rd. Truist Financial boosted their target price on Veeva Systems from $210.00 to $217.00 and gave the company a "hold" rating in a research report on Thursday, March 6th. StockNews.com raised Veeva Systems from a "hold" rating to a "buy" rating in a research report on Monday, February 17th. Finally, Scotiabank boosted their target price on Veeva Systems from $240.00 to $245.00 and gave the company a "sector perform" rating in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.92.

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.