Veeva Systems Inc. (NYSE:VEEV) Director Ronald E. F. Codd sold 2,000 shares of Veeva Systems stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $58.74, for a total transaction of $117,480.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Veeva Systems Inc. (NYSE VEEV) traded down 0.65% during trading on Thursday, reaching $57.86. 1,482,479 shares of the company traded hands. The firm has a 50 day moving average of $62.18 and a 200 day moving average of $56.97. Veeva Systems Inc. has a 52 week low of $36.55 and a 52 week high of $68.07. The stock has a market capitalization of $8.10 billion, a PE ratio of 73.99 and a beta of 1.65.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Thursday, August 24th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Veeva Systems had a net margin of 18.98% and a return on equity of 13.31%. The firm had revenue of $166.59 million during the quarter, compared to analysts’ expectations of $164.26 million. During the same period last year, the business earned $0.15 earnings per share. Veeva Systems’s revenue was up 26.8% compared to the same quarter last year. On average, equities analysts predict that Veeva Systems Inc. will post $0.87 EPS for the current year.

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A number of analysts have issued reports on the stock. BidaskClub upgraded shares of Veeva Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday. KeyCorp restated a “buy” rating and issued a $70.00 target price on shares of Veeva Systems in a report on Friday, August 25th. Canaccord Genuity restated a “buy” rating and issued a $70.00 target price (up from $48.00) on shares of Veeva Systems in a report on Friday, May 26th. Needham & Company LLC restated a “buy” rating and issued a $70.00 target price on shares of Veeva Systems in a report on Friday, August 25th. Finally, Stifel Nicolaus boosted their target price on shares of Veeva Systems from $60.00 to $67.00 and gave the stock a “buy” rating in a report on Saturday, May 27th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $64.77.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brown Capital Management LLC boosted its stake in shares of Veeva Systems by 3.4% in the first quarter. Brown Capital Management LLC now owns 7,423,513 shares of the technology company’s stock valued at $380,678,000 after purchasing an additional 246,816 shares during the period. Rhumbline Advisers lifted its position in shares of Veeva Systems by 9.2% during the 2nd quarter. Rhumbline Advisers now owns 120,387 shares of the technology company’s stock worth $7,381,000 after buying an additional 10,093 shares during the last quarter. State Street Corp lifted its position in shares of Veeva Systems by 4.4% during the 1st quarter. State Street Corp now owns 1,221,052 shares of the technology company’s stock worth $62,616,000 after buying an additional 51,135 shares during the last quarter. Creative Planning lifted its position in shares of Veeva Systems by 1.5% during the 2nd quarter. Creative Planning now owns 15,422 shares of the technology company’s stock worth $946,000 after buying an additional 232 shares during the last quarter. Finally, Comerica Bank purchased a new stake in shares of Veeva Systems during the 1st quarter worth approximately $204,000. 71.51% of the stock is owned by institutional investors and hedge funds.

About Veeva Systems

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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