Paul J. Sekhri Sells 601 Shares of Veeva Systems Inc (VEEV) Stock
Veeva Systems Inc (NYSE:VEEV) Director Paul J. Sekhri sold 601 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $103.67, for a total transaction of $62,305.67. Following the completion of the transaction, the director now directly owns 11,459 shares of the company’s stock, valued at approximately $1,187,954.53. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Veeva Systems stock traded up $1.16 during midday trading on Thursday, reaching $105.62. 16,514 shares of the company’s stock traded hands, compared to its average volume of 1,200,611. The company has a market capitalization of $14.97 billion, a P/E ratio of 114.73, a P/E/G ratio of 4.93 and a beta of 1.54. Veeva Systems Inc has a 52 week low of $52.17 and a 52 week high of $107.77.
Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Thursday, August 23rd. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. The business had revenue of $209.60 million for the quarter, compared to the consensus estimate of $203.50 million. Veeva Systems had a net margin of 21.23% and a return on equity of 13.58%. Veeva Systems’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS. equities research analysts anticipate that Veeva Systems Inc will post 1.1 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp raised its holdings in shares of Veeva Systems by 2.5% during the 2nd quarter. Northern Trust Corp now owns 766,826 shares of the technology company’s stock valued at $58,938,000 after purchasing an additional 18,713 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Veeva Systems by 2.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 92,824 shares of the technology company’s stock worth $7,134,000 after acquiring an additional 2,400 shares during the period. Andra AP fonden raised its holdings in Veeva Systems by 2.6% in the 2nd quarter. Andra AP fonden now owns 70,700 shares of the technology company’s stock worth $5,434,000 after acquiring an additional 1,800 shares during the period. Verition Fund Management LLC raised its holdings in Veeva Systems by 57.8% in the 2nd quarter. Verition Fund Management LLC now owns 16,522 shares of the technology company’s stock worth $1,270,000 after acquiring an additional 6,054 shares during the period. Finally, Morse Asset Management Inc bought a new position in Veeva Systems in the 2nd quarter worth $272,000. Institutional investors and hedge funds own 75.99% of the company’s stock.
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 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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