Veeva Systems Inc. (VEEV) Given Consensus Recommendation of “Buy” by Analysts

Veeva Systems Inc. (NYSE:VEEV) has earned an average rating of “Buy” from the thirteen research firms that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $67.44.

A number of equities analysts have commented on VEEV shares. Canaccord Genuity reaffirmed a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a research report on Tuesday, August 22nd. Needham & Company LLC reaffirmed a “buy” rating on shares of Veeva Systems in a research note on Thursday, October 12th. KeyCorp reissued a “buy” rating and set a $70.00 target price on shares of Veeva Systems in a research note 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 note on Friday, October 13th. Finally, Zacks Investment Research upgraded Veeva Systems from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Wednesday, October 11th.

In other Veeva Systems news, President Matthew J. Wallach sold 24,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $55.83, for a total transaction of $1,339,920.00. Following the completion of the transaction, the president now owns 24,000 shares of the company’s stock, valued at $1,339,920. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gordon Ritter sold 5,100 shares of the business’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $54.55, for a total value of $278,205.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 282,000 shares of company stock valued at $16,363,720. 17.50% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Capstone Asset Management Co. purchased a new stake in Veeva Systems in the 2nd quarter valued at $202,000. Oregon Public Employees Retirement Fund purchased a new position in Veeva Systems in the second quarter valued at $1,183,000. LS Investment Advisors LLC purchased a new position in Veeva Systems in the second quarter valued at $105,000. Nisa Investment Advisors LLC purchased a new position in Veeva Systems in the second quarter valued at $766,000. Finally, Aperio Group LLC boosted its stake in Veeva Systems by 7.2% in the second quarter. Aperio Group LLC now owns 12,475 shares of the technology company’s stock valued at $765,000 after acquiring an additional 836 shares in the last quarter. Institutional investors and hedge funds own 72.37% of the company’s stock.

Veeva Systems (NYSE VEEV) opened at $59.64 on Friday. The stock has a market cap of $8,599.40, a PE ratio of 105.08, a PEG ratio of 5.08 and a beta of 1.64. Veeva Systems has a one year low of $40.50 and a one year high of $68.07.

Veeva Systems (NYSE:VEEV) last announced its earnings results on Thursday, August 24th. The technology company reported $0.23 EPS for the quarter, topping the 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 firm had revenue of $166.59 million for the quarter, compared to the consensus estimate of $164.26 million. During the same period last year, the company posted $0.15 EPS. The business’s quarterly revenue was up 26.8% on a year-over-year basis. equities analysts predict that Veeva Systems will post 0.65 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This report was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/12/01/veeva-systems-inc-veev-given-consensus-recommendation-of-buy-by-analysts.html.

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.

Analyst Recommendations 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.

Veeva Systems Inc. (VEEV) Given Consensus Recommendation of “Buy” by Analysts

Veeva Systems Inc. (NYSE:VEEV) has earned an average rating of “Buy” from the thirteen research firms that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $67.44.

A number of equities analysts have commented on VEEV shares. Canaccord Genuity reaffirmed a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a research report on Tuesday, August 22nd. Needham & Company LLC reaffirmed a “buy” rating on shares of Veeva Systems in a research note on Thursday, October 12th. KeyCorp reissued a “buy” rating and set a $70.00 target price on shares of Veeva Systems in a research note 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 note on Friday, October 13th. Finally, Zacks Investment Research upgraded Veeva Systems from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Wednesday, October 11th.

In other Veeva Systems news, President Matthew J. Wallach sold 24,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $55.83, for a total transaction of $1,339,920.00. Following the completion of the transaction, the president now owns 24,000 shares of the company’s stock, valued at $1,339,920. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gordon Ritter sold 5,100 shares of the business’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $54.55, for a total value of $278,205.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 282,000 shares of company stock valued at $16,363,720. 17.50% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Capstone Asset Management Co. purchased a new stake in Veeva Systems in the 2nd quarter valued at $202,000. Oregon Public Employees Retirement Fund purchased a new position in Veeva Systems in the second quarter valued at $1,183,000. LS Investment Advisors LLC purchased a new position in Veeva Systems in the second quarter valued at $105,000. Nisa Investment Advisors LLC purchased a new position in Veeva Systems in the second quarter valued at $766,000. Finally, Aperio Group LLC boosted its stake in Veeva Systems by 7.2% in the second quarter. Aperio Group LLC now owns 12,475 shares of the technology company’s stock valued at $765,000 after acquiring an additional 836 shares in the last quarter. Institutional investors and hedge funds own 72.37% of the company’s stock.

Veeva Systems (NYSE VEEV) opened at $59.64 on Friday. The stock has a market cap of $8,599.40, a PE ratio of 105.08, a PEG ratio of 5.08 and a beta of 1.64. Veeva Systems has a one year low of $40.50 and a one year high of $68.07.

Veeva Systems (NYSE:VEEV) last announced its earnings results on Thursday, August 24th. The technology company reported $0.23 EPS for the quarter, topping the 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 firm had revenue of $166.59 million for the quarter, compared to the consensus estimate of $164.26 million. During the same period last year, the company posted $0.15 EPS. The business’s quarterly revenue was up 26.8% on a year-over-year basis. equities analysts predict that Veeva Systems will post 0.65 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This report was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/12/01/veeva-systems-inc-veev-given-consensus-recommendation-of-buy-by-analysts.html.

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.

Analyst Recommendations 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.

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