Brokerages predict that Veeva Systems Inc (NYSE:VEEV) will report $180.24 million in sales for the current quarter, according to Zacks. Six analysts have made estimates for Veeva Systems’ earnings, with the highest sales estimate coming in at $182.67 million and the lowest estimate coming in at $179.49 million. Veeva Systems posted sales of $150.15 million during the same quarter last year, which suggests a positive year over year growth rate of 20%. The firm is expected to issue its next quarterly earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Veeva Systems will report full year sales of $180.24 million for the current fiscal year, with estimates ranging from $680.00 million to $683.32 million. For the next year, analysts anticipate that the company will report sales of $807.43 million per share, with estimates ranging from $803.76 million to $820.49 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Veeva Systems.

Veeva Systems (NYSE:VEEV) last issued its earnings results on Tuesday, December 5th. The technology company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.09. The firm had revenue of $176.10 million during the quarter, compared to analyst estimates of $171.99 million. Veeva Systems had a net margin of 19.97% and a return on equity of 12.21%. The company’s quarterly revenue was up 23.3% on a year-over-year basis. During the same quarter last year, the business earned $0.22 earnings per share.

VEEV has been the subject of a number of research reports. Zacks Investment Research lowered shares of Veeva Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. BidaskClub upgraded shares of Veeva Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 20th. Canaccord Genuity reiterated a “buy” rating and set a $70.00 target price on shares of Veeva Systems in a research report on Wednesday, December 6th. Stifel Nicolaus reiterated a “buy” rating and set a $67.00 target price on shares of Veeva Systems in a research report on Friday, October 13th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Veeva Systems in a research report on Thursday, October 12th. Four 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. The company has a consensus rating of “Buy” and an average price target of $67.45.

Shares of Veeva Systems (NYSE:VEEV) traded down $1.86 during trading hours on Tuesday, reaching $56.51. 1,434,500 shares of the company’s stock were exchanged, compared to its average volume of 1,240,000. The company has a market capitalization of $7,990.00, a price-to-earnings ratio of 62.10, a PEG ratio of 4.74 and a beta of 1.60. Veeva Systems has a 12-month low of $41.30 and a 12-month high of $68.07.

In related news, CFO Timothy S. Cabral sold 50,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $2,787,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alan Mateo sold 532 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were 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 directly owns 8,294 shares in the company, valued at $481,964.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 175,016 shares of company stock worth $10,088,246. Insiders own 17.50% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wasatch Advisors Inc. purchased a new stake in Veeva Systems in the fourth quarter valued at approximately $1,914,000. Bank of Montreal Can raised its stake in Veeva Systems by 5.9% in the fourth quarter. Bank of Montreal Can now owns 54,355 shares of the technology company’s stock valued at $3,005,000 after purchasing an additional 3,031 shares in the last quarter. Strategic Advisors LLC purchased a new stake in Veeva Systems in the fourth quarter valued at approximately $292,000. GSA Capital Partners LLP raised its stake in Veeva Systems by 28.3% in the third quarter. GSA Capital Partners LLP now owns 19,500 shares of the technology company’s stock valued at $1,100,000 after purchasing an additional 4,300 shares in the last quarter. Finally, Americafirst Capital Management LLC purchased a new stake in Veeva Systems in the third quarter valued at approximately $630,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

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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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