Analysts expect that Veeva Systems Inc (NYSE:VEEV) will report $227.54 million in sales for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Veeva Systems’ earnings. The lowest sales estimate is $226.28 million and the highest is $231.31 million. Veeva Systems posted sales of $184.92 million during the same quarter last year, which would indicate a positive year over year growth rate of 23%. The firm is scheduled to issue its next earnings results after the market closes on Tuesday, February 26th.

On average, analysts expect that Veeva Systems will report full-year sales of $857.28 million for the current fiscal year, with estimates ranging from $856.17 million to $860.19 million. For the next fiscal year, analysts expect that the firm will post sales of $1.02 billion, with estimates ranging from $1.00 billion to $1.05 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Veeva Systems.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Wednesday, November 28th. The technology company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The business had revenue of $224.70 million for the quarter, compared to analyst estimates of $216.04 million. Veeva Systems had a return on equity of 15.51% and a net margin of 23.61%. Veeva Systems’s quarterly revenue was up 26.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 EPS.

Several brokerages recently commented on VEEV. ValuEngine raised Veeva Systems from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th. Stephens began coverage on Veeva Systems in a research note on Wednesday, January 16th. They issued an “equal weight” rating and a $113.00 price target on the stock. JMP Securities boosted their price target on Veeva Systems to $108.00 and gave the company an “outperform” rating in a research note on Thursday, November 29th. Bank of America reaffirmed a “buy” rating and issued a $120.00 price target (up previously from $110.00) on shares of Veeva Systems in a research note on Thursday, November 29th. Finally, KeyCorp boosted their price objective on Veeva Systems from $108.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, November 29th. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $106.75.

VEEV stock traded up $0.21 during trading on Monday, hitting $120.81. The company had a trading volume of 1,011,837 shares, compared to its average volume of 1,288,229. The firm has a market cap of $17.55 billion, a price-to-earnings ratio of 131.32, a P/E/G ratio of 4.47 and a beta of 1.72. Veeva Systems has a fifty-two week low of $58.91 and a fifty-two week high of $122.12.

In other news, President Matthew J. Wallach sold 12,000 shares of the business’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $117.64, for a total transaction of $1,411,680.00. Following the completion of the sale, the president now owns 12,000 shares in the company, valued at $1,411,680. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Frederic Lequient sold 1,395 shares of the business’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $98.55, for a total value of $137,477.25. Following the sale, the senior vice president now owns 4,429 shares of the company’s stock, valued at approximately $436,477.95. The disclosure for this sale can be found here. In the last three months, insiders sold 182,261 shares of company stock worth $16,898,031. Insiders own 15.97% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank raised its position in shares of Veeva Systems by 64.8% during the fourth quarter. Amalgamated Bank now owns 27,105 shares of the technology company’s stock worth $2,421,000 after acquiring an additional 10,654 shares during the last quarter. Millennium Management LLC raised its position in shares of Veeva Systems by 76.7% during the fourth quarter. Millennium Management LLC now owns 902,016 shares of the technology company’s stock worth $80,568,000 after acquiring an additional 391,441 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Veeva Systems by 172.0% during the fourth quarter. Macquarie Group Ltd. now owns 10,063 shares of the technology company’s stock worth $899,000 after acquiring an additional 6,363 shares during the last quarter. Legal & General Group Plc raised its position in shares of Veeva Systems by 40.1% during the fourth quarter. Legal & General Group Plc now owns 204,714 shares of the technology company’s stock worth $18,259,000 after acquiring an additional 58,634 shares during the last quarter. Finally, Halsey Associates Inc. CT bought a new stake in shares of Veeva Systems during the fourth quarter worth $5,153,000. Institutional investors own 76.68% of the company’s stock.

Veeva Systems Company Profile

Veeva Systems Inc provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, data solutions, and master data management solutions; and Veeva Vault, a cloud-based enterprise content management applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, quality, and safety.

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Earnings History and Estimates for Veeva Systems (NYSE:VEEV)

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