Veeva Systems Inc. (NYSE:VEEV) Director Ronald E. F. Codd sold 3,000 shares of Veeva Systems stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $56.45, for a total transaction of $169,350.00. Following the transaction, the director now directly owns 9,275 shares in the company, valued at $523,573.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Veeva Systems Inc. (VEEV) traded up 0.04% during trading on Tuesday, reaching $56.19. 1,125,566 shares of the company’s stock traded hands. The company has a market cap of $7.90 billion, a PE ratio of 71.85 and a beta of 1.65. The company has a 50 day moving average price of $60.56 and a 200-day moving average price of $57.71. Veeva Systems Inc. has a 12-month low of $36.55 and a 12-month high of $68.07.

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

ILLEGAL ACTIVITY NOTICE: “Insider Selling: Veeva Systems Inc. (VEEV) Director Sells 3,000 Shares of Stock” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/09/19/insider-selling-veeva-systems-inc-veev-director-sells-3000-shares-of-stock.html.

Several institutional investors and hedge funds have recently made changes to their positions in the company. QS Investors LLC raised its holdings in shares of Veeva Systems by 0.5% in the 2nd 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 in the last quarter. Alps Advisors Inc. raised its holdings in shares of Veeva Systems by 0.3% in the 2nd 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 in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Veeva Systems by 2.9% in the 1st 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 in the last quarter. Creative Planning raised its holdings in shares of Veeva Systems by 1.5% in the 2nd quarter. Creative Planning now owns 15,422 shares of the technology company’s stock valued at $946,000 after purchasing an additional 232 shares in the last quarter. Finally, Huntington National Bank raised its holdings in shares of Veeva Systems by 10.6% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 71.46% of the company’s stock.

Several equities analysts recently issued reports on VEEV shares. Canaccord Genuity reissued a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a report on Tuesday, August 22nd. Stifel Nicolaus lifted their price objective on shares of Veeva Systems from $60.00 to $67.00 and gave the company a “buy” rating in a report on Saturday, May 27th. Bank of America Corporation raised shares of Veeva Systems from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $48.00 to $70.00 in a report on Friday, May 26th. Needham & Company LLC reissued a “buy” rating and set a $75.00 price objective (up from $48.00) on shares of Veeva Systems in a report on Sunday, May 28th. Finally, Zacks Investment Research raised shares of Veeva Systems from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Wednesday, May 31st. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $64.77.

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)

Receive News & Ratings for Veeva Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeva Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.