Hills Bank & Trust Co Raises Stake in Veeva Systems Inc. (NYSE:VEEV)

Hills Bank & Trust Co lifted its stake in Veeva Systems Inc. (NYSE:VEEV) by 8.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,190 shares of the technology company’s stock after buying an additional 313 shares during the period. Hills Bank & Trust Co’s holdings in Veeva Systems were worth $807,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new position in shares of Veeva Systems during the 3rd quarter worth approximately $25,000. Operose Advisors LLC purchased a new stake in Veeva Systems in the third quarter worth $29,000. Parkside Financial Bank & Trust raised its holdings in Veeva Systems by 81.9% in the third quarter. Parkside Financial Bank & Trust now owns 171 shares of the technology company’s stock worth $35,000 after purchasing an additional 77 shares in the last quarter. Atticus Wealth Management LLC boosted its holdings in shares of Veeva Systems by 500.0% during the 3rd 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 increased its stake in shares of Veeva Systems by 54.7% in the 3rd quarter. Nkcfo LLC now owns 232 shares of the technology company’s stock worth $47,000 after acquiring an additional 82 shares in the last quarter. Institutional investors own 88.20% of the company’s stock.

Insider Transactions at Veeva Systems

In related news, EVP Alan Mateo sold 3,391 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $200.86, for a total value of $681,116.26. Following the completion of the sale, the executive vice president now directly owns 21,983 shares of the company’s stock, valued at $4,415,505.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Alan Mateo sold 3,391 shares of Veeva Systems stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $200.86, for a total value of $681,116.26. Following the transaction, the executive vice president now directly owns 21,983 shares in the company, valued at approximately $4,415,505.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jonathan Faddis sold 3,598 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $207.42, for a total value of $746,297.16. Following the sale, the senior vice president now owns 10,668 shares of the company’s stock, valued at $2,212,756.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,989 shares of company stock worth $4,818,013. 10.50% of the stock is currently owned by insiders.

Veeva Systems Trading Up 1.1 %

Veeva Systems stock traded up $2.16 during trading on Thursday, reaching $203.93. The company had a trading volume of 580,941 shares, compared to its average volume of 939,153. Veeva Systems Inc. has a 52 week low of $160.21 and a 52 week high of $236.90. The firm has a market capitalization of $32.90 billion, a price-to-earnings ratio of 63.33, a price-to-earnings-growth ratio of 2.05 and a beta of 0.76. The firm’s 50-day simple moving average is $216.14 and its 200 day simple moving average is $202.11.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VEEV. StockNews.com upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Oppenheimer reiterated an “outperform” rating and set a $225.00 price objective on shares of Veeva Systems in a research note on Thursday, February 22nd. KeyCorp raised their price target on Veeva Systems from $232.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Jefferies Financial Group increased their price objective on shares of Veeva Systems from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Finally, The Goldman Sachs Group lifted their target price on shares of Veeva Systems from $219.00 to $248.00 and gave the stock a “buy” rating in a report on Friday, March 1st. One investment 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, the stock 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.