Equities research analysts forecast that Veeva Systems Inc (NYSE:VEEV) will post $0.21 earnings per share for the current quarter, Zacks reports. Six analysts have provided estimates for Veeva Systems’ earnings. The highest EPS estimate is $0.22 and the lowest is $0.21. Veeva Systems reported earnings per share of $0.22 in the same quarter last year, which would suggest a negative year over year growth rate of 4.5%. The firm is scheduled to issue its next earnings report on Tuesday, February 27th.

On average, analysts expect that Veeva Systems will report full year earnings of $0.92 per share for the current fiscal year, with EPS estimates ranging from $0.91 to $0.92. For the next year, analysts forecast that the firm will report earnings of $1.01 per share, with EPS estimates ranging from $0.99 to $1.05. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Veeva Systems.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Tuesday, December 5th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.09. Veeva Systems had a net margin of 19.97% and a return on equity of 12.21%. The company had revenue of $176.10 million during the quarter, compared to the consensus estimate of $171.99 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year.

VEEV has been the subject of several analyst reports. Zacks Investment Research raised shares of Veeva Systems from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Wednesday, October 11th. Needham & Company LLC reissued a “buy” rating on shares of Veeva Systems in a report on Thursday, October 12th. Stifel Nicolaus reissued a “buy” rating and set a $67.00 price target on shares of Veeva Systems in a report on Friday, October 13th. BidaskClub raised shares of Veeva Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, October 20th. Finally, Canaccord Genuity restated a “buy” rating and set a $70.00 price objective on shares of Veeva Systems in a research note on Wednesday, December 6th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Veeva Systems currently has an average rating of “Buy” and an average target price of $67.45.

In other Veeva Systems news, CFO Timothy S. Cabral sold 50,000 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $55.74, for a total value of $2,787,000.00. Following the sale, the chief financial officer now directly owns 50,000 shares in the company, valued at $2,787,000. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Alan Mateo sold 532 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $58.11, for a total transaction of $30,914.52. Following the completion of the sale, the executive vice president now owns 8,294 shares in the company, valued at $481,964.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 175,929 shares of company stock worth $10,142,240. Company insiders own 19.17% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. QS Investors LLC raised its position in Veeva Systems by 0.5% in the second quarter. QS Investors LLC now owns 3,832 shares of the technology company’s stock worth $235,000 after acquiring an additional 19 shares in the last quarter. Comerica Bank raised its position in Veeva Systems by 14.0% in the second quarter. Comerica Bank now owns 4,339 shares of the technology company’s stock worth $285,000 after acquiring an additional 534 shares in the last quarter. Great West Life Assurance Co. Can raised its position in Veeva Systems by 2.6% in the third quarter. Great West Life Assurance Co. Can now owns 34,106 shares of the technology company’s stock worth $1,922,000 after acquiring an additional 865 shares in the last quarter. Profund Advisors LLC raised its position in Veeva Systems by 2.6% in the second quarter. Profund Advisors LLC now owns 33,904 shares of the technology company’s stock worth $2,079,000 after acquiring an additional 872 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its position in Veeva Systems by 26.8% in the third quarter. Flagship Harbor Advisors LLC now owns 4,226 shares of the technology company’s stock worth $248,000 after acquiring an additional 893 shares in the last quarter. Hedge funds and other institutional investors own 70.90% of the company’s stock.

Veeva Systems (VEEV) opened at $58.37 on Friday. Veeva Systems has a 1-year low of $41.30 and a 1-year high of $68.07. The stock has a market cap of $8,250.00, a price-to-earnings ratio of 64.14, a PEG ratio of 4.71 and a beta of 1.60.

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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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