Veeva Systems Inc. (NYSE:VEEV) SVP Frederic Lequient sold 1,775 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $58.75, for a total value of $104,281.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Veeva Systems Inc. (VEEV) traded down 0.65% during trading on Thursday, hitting $57.86. The stock had a trading volume of 1,482,479 shares. The company’s 50 day moving average price is $62.18 and its 200 day moving average price is $56.97. Veeva Systems Inc. has a 52 week low of $36.55 and a 52 week high of $68.07. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 73.99 and a beta of 1.65.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Thursday, August 24th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. Veeva Systems had a return on equity of 13.31% and a net margin of 18.98%. The business had revenue of $166.59 million for the quarter, compared to the consensus estimate of $164.26 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. Veeva Systems’s revenue for the quarter was up 26.8% on a year-over-year basis. Analysts predict that Veeva Systems Inc. will post $0.87 earnings per share for the current year.

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A number of institutional investors have recently bought and sold shares of the stock. QS Investors LLC lifted its stake in Veeva Systems by 0.5% in the second quarter. QS Investors LLC now owns 3,832 shares of the technology company’s stock valued at $235,000 after purchasing an additional 19 shares during the last quarter. Alps Advisors Inc. lifted its stake in Veeva Systems by 0.3% in the second quarter. Alps Advisors Inc. now owns 10,387 shares of the technology company’s stock valued at $637,000 after purchasing an additional 27 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Veeva Systems by 2.9% in the first quarter. Teacher Retirement System of Texas now owns 7,125 shares of the technology company’s stock valued at $365,000 after purchasing an additional 204 shares during the last quarter. Creative Planning lifted its stake in Veeva Systems by 1.5% in the second quarter. Creative Planning now owns 15,422 shares of the technology company’s stock valued at $946,000 after purchasing an additional 232 shares during the last quarter. Finally, Huntington National Bank lifted its stake in Veeva Systems by 10.6% in the second quarter. Huntington National Bank now owns 2,668 shares of the technology company’s stock valued at $164,000 after purchasing an additional 256 shares during the last quarter. Institutional investors and hedge funds own 71.51% of the company’s stock.

A number of analysts have recently issued reports on VEEV shares. Zacks Investment Research cut Veeva Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 27th. Canaccord Genuity reaffirmed a “buy” rating and issued a $70.00 price objective (up from $48.00) on shares of Veeva Systems in a research report on Friday, May 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Veeva Systems in a research report on Friday, August 25th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Veeva Systems in a research report on Monday, July 10th. Finally, Citigroup Inc. raised their price objective on Veeva Systems from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, May 30th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $64.77.

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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