Veeva Systems Inc. (VEEV) Stock Rating Reaffirmed by Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Veeva Systems Inc. (NYSE:VEEV) in a report issued on Friday. The firm currently has a $67.00 price target on the technology company’s stock.

Other equities analysts have also issued reports about the company. Canaccord Genuity reiterated a buy rating and issued a $70.00 price objective on shares of Veeva Systems in a research note on Tuesday, August 22nd. Zacks Investment Research downgraded Veeva Systems from a strong-buy rating to a hold rating in a report on Thursday, July 27th. KeyCorp reaffirmed a buy rating and set a $70.00 price objective on shares of Veeva Systems in a report on Friday, August 25th. BidaskClub raised Veeva Systems from a buy rating to a strong-buy rating in a report on Wednesday, September 6th. Finally, Needham & Company LLC reaffirmed a buy rating on shares of Veeva Systems in a report on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Veeva Systems presently has an average rating of Buy and an average price target of $65.75.

Shares of Veeva Systems (NYSE:VEEV) opened at 58.65 on Friday. Veeva Systems has a 52 week low of $37.34 and a 52 week high of $68.07. The firm’s 50-day moving average price is $57.16 and its 200 day moving average price is $58.97. The firm has a market capitalization of $8.25 billion, a price-to-earnings ratio of 75.00 and a beta of 1.63.

Veeva Systems (NYSE:VEEV) last posted its earnings results on Thursday, August 24th. The technology company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Veeva Systems had a return on equity of 12.77% and a net margin of 18.98%. The company had revenue of $166.59 million for the quarter, compared to analyst estimates of $164.26 million. During the same period last year, the company earned $0.15 earnings per share. The business’s revenue was up 26.8% compared to the same quarter last year. On average, analysts anticipate that Veeva Systems will post $0.87 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Veeva Systems Inc. (VEEV) Stock Rating Reaffirmed by Stifel Nicolaus” was published by BBNS and is the property of of BBNS. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://baseballnewssource.com/markets/veeva-systems-inc-veev-stock-rating-reaffirmed-by-stifel-nicolaus/1716377.html.

In other Veeva Systems news, Director Gordon Ritter sold 5,100 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $54.55, for a total value of $278,205.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, President Matthew J. Wallach sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $62.76, for a total transaction of $1,506,240.00. Following the completion of the sale, the president now owns 24,000 shares in the company, valued at approximately $1,506,240. The disclosure for this sale can be found here. Insiders have sold 295,612 shares of company stock worth $17,303,521 over the last ninety days. Insiders own 17.50% of the company’s stock.

Several large investors have recently modified their holdings of VEEV. Achmea Investment Management B.V. bought a new position in Veeva Systems during the second quarter worth $476,000. Navellier & Associates Inc increased its stake in Veeva Systems by 4.1% in the second quarter. Navellier & Associates Inc now owns 115,578 shares of the technology company’s stock valued at $7,086,000 after purchasing an additional 4,512 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Veeva Systems in the second quarter valued at $825,000. Public Employees Retirement System of Ohio increased its stake in Veeva Systems by 5.0% in the second quarter. Public Employees Retirement System of Ohio now owns 100,659 shares of the technology company’s stock valued at $6,171,000 after purchasing an additional 4,809 shares in the last quarter. Finally, Koch Industries Inc. bought a new stake in Veeva Systems in the second quarter valued at $408,000. Institutional investors own 71.39% of the company’s stock.

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.

Analyst Recommendations for Veeva Systems (NYSE:VEEV)

Receive News & Ratings for Veeva Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeva Systems Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Yankees to Send Masahiro Tanaka Against Astros in Game 1


Leave a Reply

 
© 2006-2017 BBNS.