Veeva Systems Inc (NYSE:VEEV) Shares Bought by Baird Financial Group Inc.

Baird Financial Group Inc. lifted its position in shares of Veeva Systems Inc (NYSE:VEEV) by 39.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 563,231 shares of the technology company’s stock after acquiring an additional 159,536 shares during the period. Baird Financial Group Inc. owned 0.40% of Veeva Systems worth $31,135,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its position in shares of Veeva Systems by 605.4% during the third quarter. IFP Advisors Inc now owns 13,347 shares of the technology company’s stock worth $753,000 after acquiring an additional 11,455 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Veeva Systems by 255.5% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 156,579 shares of the technology company’s stock valued at $8,833,000 after buying an additional 112,539 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its position in Veeva Systems by 133.5% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 31,420 shares of the technology company’s stock valued at $1,772,000 after buying an additional 17,962 shares in the last quarter. Swiss National Bank grew its position in Veeva Systems by 0.9% in the 4th quarter. Swiss National Bank now owns 399,700 shares of the technology company’s stock valued at $22,095,000 after buying an additional 3,700 shares in the last quarter. Finally, APG Asset Management N.V. bought a new position in Veeva Systems in the 3rd quarter valued at about $931,000. Institutional investors and hedge funds own 73.13% of the company’s stock.

Veeva Systems Inc (NYSE VEEV) traded up $0.96 during trading hours on Wednesday, hitting $77.45. 1,140,000 shares of the stock traded hands, compared to its average volume of 1,530,000. Veeva Systems Inc has a one year low of $45.91 and a one year high of $78.28. The company has a market cap of $10,950.00, a price-to-earnings ratio of 84.18, a price-to-earnings-growth ratio of 4.67 and a beta of 1.46.

In other Veeva Systems news, SVP Jonathan Faddis sold 8,000 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $56.94, for a total transaction of $455,520.00. Following the completion of the sale, the senior vice president now directly owns 18,462 shares of the company’s stock, valued at $1,051,226.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Alan Mateo sold 701 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $58.85, for a total transaction of $41,253.85. Following the sale, the executive vice president now directly owns 9,512 shares of the company’s stock, valued at $559,781.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 254,723 shares of company stock valued at $16,573,583. Insiders own 17.50% of the company’s stock.

A number of equities analysts recently issued reports on VEEV shares. Morgan Stanley upgraded shares of Veeva Systems from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 30th. William Blair reiterated an “outperform” rating on shares of Veeva Systems in a research report on Wednesday, February 21st. KeyCorp reiterated an “overweight” rating and issued a $81.00 target price (up previously from $70.00) on shares of Veeva Systems in a research report on Friday, March 2nd. Zacks Investment Research upgraded shares of Veeva Systems from a “hold” rating to a “strong-buy” rating and set a $89.00 target price for the company in a research report on Wednesday, March 7th. Finally, Stifel Nicolaus increased their target price on shares of Veeva Systems from $67.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $71.47.

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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.

Institutional Ownership by Quarter for Veeva Systems (NYSE:VEEV)

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