Tokio Marine Asset Management Co. Ltd. Has $819,000 Stake in Veeva Systems Inc. (NYSE:VEEV)

Tokio Marine Asset Management Co. Ltd. lifted its position in Veeva Systems Inc. (NYSE:VEEV) by 27.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,253 shares of the technology company’s stock after acquiring an additional 904 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Veeva Systems were worth $819,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new stake in shares of Veeva Systems in the third quarter valued at $25,000. Operose Advisors LLC acquired a new stake in shares of Veeva Systems in the third quarter valued at $29,000. Parkside Financial Bank & Trust increased its stake in shares of Veeva Systems by 81.9% in the third quarter. Parkside Financial Bank & Trust now owns 171 shares of the technology company’s stock valued at $35,000 after buying an additional 77 shares in the last quarter. Atticus Wealth Management LLC increased its stake in shares of Veeva Systems by 500.0% in the third quarter. Atticus Wealth Management LLC now owns 180 shares of the technology company’s stock valued at $37,000 after buying an additional 150 shares in the last quarter. Finally, Nkcfo LLC boosted its holdings in Veeva Systems by 54.7% during the third quarter. Nkcfo LLC now owns 232 shares of the technology company’s stock worth $47,000 after buying an additional 82 shares during the last quarter. 88.20% of the stock is currently owned by institutional investors and hedge funds.

Veeva Systems Trading Up 0.9 %

Shares of NYSE VEEV opened at $200.91 on Friday. The stock has a 50 day moving average of $219.27 and a 200-day moving average of $202.63. The company has a market capitalization of $32.41 billion, a P/E ratio of 62.39, a P/E/G ratio of 2.01 and a beta of 0.74. Veeva Systems Inc. has a 12 month low of $160.21 and a 12 month high of $236.90.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.11. The business had revenue of $630.62 million during the quarter, compared to the consensus estimate of $620.75 million. Veeva Systems had a return on equity of 11.26% and a net margin of 22.24%. Analysts predict that Veeva Systems Inc. will post 4.11 EPS for the current fiscal year.

Insider Activity at Veeva Systems

In other news, Director Timothy S. Cabral sold 15,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $226.04, for a total transaction of $3,390,600.00. Following the completion of the sale, the director now directly owns 23,391 shares in the company, valued at approximately $5,287,301.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, SVP Jonathan Faddis sold 3,598 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $207.42, for a total transaction of $746,297.16. Following the completion of the transaction, the senior vice president now owns 10,668 shares of the company’s stock, valued at approximately $2,212,756.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy S. Cabral sold 15,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $226.04, for a total value of $3,390,600.00. Following the transaction, the director now directly owns 23,391 shares of the company’s stock, valued at approximately $5,287,301.64. The disclosure for this sale can be found here. Insiders sold 21,989 shares of company stock worth $4,818,013 in the last ninety days. 10.98% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on VEEV shares. Jefferies Financial Group raised their target price on Veeva Systems from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Oppenheimer reiterated an “outperform” rating and set a $225.00 price objective on shares of Veeva Systems in a report on Thursday, February 22nd. Truist Financial lifted their price objective on Veeva Systems from $187.00 to $203.00 and gave the company a “hold” rating in a report on Friday, March 1st. Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 price objective on shares of Veeva Systems in a report on Wednesday, March 27th. Finally, UBS Group lifted their price objective on Veeva Systems from $185.00 to $235.00 and gave the company a “neutral” rating in a report on Monday, February 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $234.90.

Veeva Systems Profile

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.