Veeva Systems Inc. (NYSE:VEEV) Shares Purchased by HF Advisory Group LLC

HF Advisory Group LLC increased its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 9.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,316 shares of the technology company’s stock after purchasing an additional 299 shares during the quarter. HF Advisory Group LLC’s holdings in Veeva Systems were worth $696,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VEEV. Moloney Securities Asset Management LLC acquired a new stake in shares of Veeva Systems in the third quarter worth approximately $248,000. Quintet Private Bank Europe S.A. boosted its holdings in shares of Veeva Systems by 13.4% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 516 shares of the technology company’s stock valued at $108,000 after purchasing an additional 61 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Veeva Systems by 7.1% in the 3rd quarter. QRG Capital Management Inc. now owns 9,987 shares of the technology company’s stock valued at $2,096,000 after purchasing an additional 664 shares during the last quarter. Old North State Wealth Management LLC grew its stake in shares of Veeva Systems by 9.8% during the 3rd quarter. Old North State Wealth Management LLC now owns 15,296 shares of the technology company’s stock valued at $3,210,000 after buying an additional 1,360 shares during the period. Finally, Angeles Wealth Management LLC acquired a new position in Veeva Systems in the third quarter valued at $319,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. StockNews.com lowered Veeva Systems from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. BTIG Research started coverage on shares of Veeva Systems in a research report on Tuesday, July 9th. They issued a “buy” rating and a $240.00 price objective for the company. Barclays raised their target price on shares of Veeva Systems from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Raymond James increased their price target on Veeva Systems from $230.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Finally, Truist Financial boosted their price objective on Veeva Systems from $197.00 to $207.00 and gave the stock a “hold” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $232.87.

Insider Buying and Selling at Veeva Systems

In other news, SVP Jonathan Faddis sold 2,353 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $200.00, for a total value of $470,600.00. Following the transaction, the senior vice president now directly owns 9,035 shares in the company, valued at approximately $1,807,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.50% of the stock is owned by insiders.

Veeva Systems Stock Up 0.0 %

Shares of Veeva Systems stock opened at $212.64 on Wednesday. The business has a 50-day moving average price of $213.14 and a 200 day moving average price of $199.22. Veeva Systems Inc. has a fifty-two week low of $162.72 and a fifty-two week high of $236.90. The firm has a market cap of $34.43 billion, a P/E ratio of 56.70, a P/E/G ratio of 2.07 and a beta of 0.81.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Wednesday, August 28th. The technology company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. The business had revenue of $676.18 million during the quarter, compared to the consensus estimate of $667.21 million. Veeva Systems had a return on equity of 13.30% and a net margin of 23.91%. As a group, equities research analysts anticipate that Veeva Systems Inc. will post 4.21 earnings per share for the current year.

Veeva Systems Company 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.