Bath Savings Trust Co Buys 14,269 Shares of Veeva Systems Inc. (NYSE:VEEV)

Bath Savings Trust Co lifted its position in Veeva Systems Inc. (NYSE:VEEV - Free Report) by 392.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,903 shares of the technology company's stock after acquiring an additional 14,269 shares during the quarter. Bath Savings Trust Co's holdings in Veeva Systems were worth $3,764,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bard Financial Services Inc. raised its position in Veeva Systems by 7.0% in the fourth quarter. Bard Financial Services Inc. now owns 2,300 shares of the technology company's stock worth $484,000 after acquiring an additional 150 shares during the period. Nordea Investment Management AB raised its position in Veeva Systems by 21.6% in the fourth quarter. Nordea Investment Management AB now owns 261,131 shares of the technology company's stock worth $55,073,000 after acquiring an additional 46,440 shares during the period. Everence Capital Management Inc. purchased a new position in Veeva Systems in the fourth quarter valued at approximately $816,000. GAMMA Investing LLC grew its holdings in Veeva Systems by 64.0% during the fourth quarter. GAMMA Investing LLC now owns 1,602 shares of the technology company's stock valued at $337,000 after purchasing an additional 625 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Veeva Systems by 73.2% during the third quarter. JPMorgan Chase & Co. now owns 2,558,592 shares of the technology company's stock valued at $536,972,000 after purchasing an additional 1,081,501 shares during the period. Institutional investors own 88.20% of the company's stock.

Veeva Systems Stock Down 0.6 %

Shares of VEEV traded down $1.35 during trading hours on Tuesday, hitting $211.52. The company had a trading volume of 925,072 shares, compared to its average volume of 907,340. The firm has a market cap of $34.34 billion, a P/E ratio of 52.23, a P/E/G ratio of 2.03 and a beta of 0.84. The stock's 50 day moving average price is $222.67 and its 200 day moving average price is $207.91. Veeva Systems Inc. has a 52-week low of $170.25 and a 52-week high of $258.93.

Analyst Ratings Changes

VEEV has been the subject of several research reports. Barclays increased their price objective on Veeva Systems from $260.00 to $275.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Needham & Company LLC increased their price objective on Veeva Systems from $260.00 to $270.00 and gave the company a "buy" rating in a report on Friday, December 6th. Piper Sandler increased their price objective on Veeva Systems from $280.00 to $290.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Stephens assumed coverage on Veeva Systems in a report on Friday, December 20th. They set an "overweight" rating and a $280.00 price objective for the company. Finally, StockNews.com raised Veeva Systems from a "hold" rating to a "buy" rating in a report on Saturday, November 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company's stock. According to data from MarketBeat, Veeva Systems has a consensus rating of "Moderate Buy" and an average price target of $257.44.

Insider Transactions at Veeva Systems

In related news, insider Thomas D. Schwenger sold 1,126 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $240.01, for a total value of $270,251.26. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jonathan Faddis sold 1,694 shares of the firm's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $230.30, for a total value of $390,128.20. Following the completion of the sale, the senior vice president now directly owns 8,061 shares in the company, valued at $1,856,448.30. The trade was a 17.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 10.50% of the company's stock.

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.