Veeva Systems Inc. (NYSE:VEEV) Director Ronald E. F. Codd sold 3,000 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $56.45, for a total value of $169,350.00. Following the completion of the sale, the director now owns 9,275 shares of the company’s stock, valued at $523,573.75. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of Veeva Systems Inc. (NYSE:VEEV) opened at 56.14 on Friday. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 71.79 and a beta of 1.65. The firm has a 50-day moving average price of $60.34 and a 200-day moving average price of $57.80. Veeva Systems Inc. has a 52 week low of $36.55 and a 52 week high of $68.07.

Veeva Systems (NYSE:VEEV) last released its earnings results on Thursday, August 24th. The technology company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $166.59 million during the quarter, compared to analysts’ expectations of $164.26 million. Veeva Systems had a net margin of 18.98% and a return on equity of 12.77%. The company’s quarterly revenue was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 earnings per share. On average, equities analysts anticipate that Veeva Systems Inc. will post $0.87 earnings per share for the current year.

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VEEV has been the subject of several analyst reports. Zacks Investment Research lowered Veeva Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub lowered Veeva Systems from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. Canaccord Genuity restated a “buy” rating and issued a $70.00 price objective (up from $48.00) on shares of Veeva Systems in a research note on Friday, May 26th. Needham & Company LLC restated a “buy” rating and issued a $70.00 price objective on shares of Veeva Systems in a research note on Friday, August 25th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $67.00 price objective on shares of Veeva Systems in a research note on Monday, July 10th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $64.77.

Several hedge funds have recently added to or reduced their stakes in the company. Achmea Investment Management B.V. purchased a new stake in shares of Veeva Systems during the second quarter worth about $476,000. Navellier & Associates Inc increased its stake in shares of Veeva Systems by 4.1% during the second quarter. Navellier & Associates Inc now owns 115,578 shares of the technology company’s stock worth $7,086,000 after purchasing an additional 4,512 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Veeva Systems during the second quarter worth about $825,000. Public Employees Retirement System of Ohio increased its stake in shares of Veeva Systems by 5.0% during the second quarter. Public Employees Retirement System of Ohio now owns 100,659 shares of the technology company’s stock worth $6,171,000 after purchasing an additional 4,809 shares in the last quarter. Finally, Koch Industries Inc. purchased a new stake in shares of Veeva Systems during the second quarter worth about $408,000. 71.46% of the stock is owned by institutional investors and hedge funds.

Veeva Systems Company Profile

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.

Insider Buying and Selling by Quarter for Veeva Systems (NYSE:VEEV)

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