Veeva Systems (NYSE:VEEV) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.21-0.22 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.20. The company issued revenue guidance of $170-180 million, compared to the consensus revenue estimate of $177.43 million.

Veeva Systems (NYSE:VEEV) traded down $2.21 during mid-day trading on Tuesday, hitting $57.25. The company had a trading volume of 1,573,800 shares, compared to its average volume of 1,300,762. The company has a market capitalization of $8,247.10, a P/E ratio of 100.78, a P/E/G ratio of 4.87 and a beta of 1.60. Veeva Systems has a 12-month low of $40.50 and a 12-month high of $68.07.

VEEV has been the subject of several recent research reports. JMP Securities restated a buy rating and issued a $70.00 price objective on shares of Veeva Systems in a report on Saturday, August 26th. Needham & Company LLC reiterated a buy rating and issued a $70.00 target price on shares of Veeva Systems in a report on Friday, August 25th. KeyCorp reiterated a buy rating and issued a $70.00 target price on shares of Veeva Systems in a report on Friday, August 25th. Canaccord Genuity reiterated a buy rating and issued a $70.00 target price on shares of Veeva Systems in a report on Tuesday, August 22nd. Finally, Stifel Nicolaus reiterated a buy rating and issued a $67.00 target price on shares of Veeva Systems in a report on Friday, October 13th. Five research 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 company’s stock. Veeva Systems has a consensus rating of Buy and an average price target of $67.45.

In other news, President Matthew J. Wallach sold 24,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $60.98, for a total transaction of $1,463,520.00. The sale was disclosed in a document filed with the SEC, which is accessible 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. Insiders sold 237,212 shares of company stock valued at $13,729,673 over the last quarter. 17.50% of the stock is currently owned by corporate insiders.

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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.

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