Anderson Fisher LLC purchased a new stake in shares of Veeva Systems Inc (NYSE:VEEV) in the 1st quarter, Holdings Channel reports. The fund purchased 965 shares of the technology company’s stock, valued at approximately $122,000.

Several other institutional investors also recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY raised its stake in shares of Veeva Systems by 0.9% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,355 shares of the technology company’s stock valued at $836,000 after acquiring an additional 83 shares in the last quarter. Nvwm LLC raised its stake in shares of Veeva Systems by 2.0% during the first quarter. Nvwm LLC now owns 4,327 shares of the technology company’s stock valued at $549,000 after acquiring an additional 86 shares in the last quarter. Hanson McClain Inc. raised its stake in shares of Veeva Systems by 67.2% during the first quarter. Hanson McClain Inc. now owns 224 shares of the technology company’s stock valued at $28,000 after acquiring an additional 90 shares in the last quarter. Utah Retirement Systems raised its stake in shares of Veeva Systems by 0.4% during the fourth quarter. Utah Retirement Systems now owns 22,400 shares of the technology company’s stock valued at $2,001,000 after acquiring an additional 100 shares in the last quarter. Finally, Cadence Capital Management LLC raised its stake in shares of Veeva Systems by 0.9% during the first quarter. Cadence Capital Management LLC now owns 12,398 shares of the technology company’s stock valued at $1,573,000 after acquiring an additional 105 shares in the last quarter. 78.11% of the stock is owned by hedge funds and other institutional investors.

Shares of VEEV stock opened at $167.02 on Thursday. The company has a market cap of $23.75 billion, a P/E ratio of 134.69, a price-to-earnings-growth ratio of 6.64 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.73 and a current ratio of 3.73. Veeva Systems Inc has a 52-week low of $73.47 and a 52-week high of $167.92.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.08). The business had revenue of $244.75 million for the quarter, compared to analysts’ expectations of $238.69 million. Veeva Systems had a net margin of 28.41% and a return on equity of 17.61%. The business’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 earnings per share. Sell-side analysts anticipate that Veeva Systems Inc will post 1.6 earnings per share for the current fiscal year.

In other Veeva Systems news, CAO Michele O’connor sold 833 shares of Veeva Systems stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $157.69, for a total value of $131,355.77. Following the transaction, the chief accounting officer now directly owns 833 shares of the company’s stock, valued at $131,355.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul J. Sekhri sold 600 shares of Veeva Systems stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $127.53, for a total transaction of $76,518.00. Following the completion of the transaction, the director now directly owns 16,468 shares in the company, valued at $2,100,164.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,126 shares of company stock worth $15,453,935. 14.38% of the stock is currently owned by corporate insiders.

Several analysts have recently weighed in on the stock. Bank of America lifted their price target on shares of Veeva Systems from $160.00 to $192.00 and gave the company a “buy” rating in a research note on Monday. Goldman Sachs Group assumed coverage on shares of Veeva Systems in a research note on Friday, June 7th. They set a “neutral” rating and a $151.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Veeva Systems from $103.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Deutsche Bank lifted their price target on shares of Veeva Systems from $115.00 to $135.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Finally, Barclays lifted their price target on shares of Veeva Systems from $144.00 to $151.00 and gave the company an “equal weight” rating in a research note on Thursday, May 30th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $147.00.

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About Veeva Systems

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

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