Veeva Systems Inc (NYSE:VEEV) insider Eleni Nitsa Zuppas sold 1,253 shares of the business’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $103.52, for a total value of $129,710.56. Following the transaction, the insider now owns 10,151 shares in the company, valued at $1,050,831.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of VEEV opened at $102.07 on Friday. Veeva Systems Inc has a 12-month low of $52.17 and a 12-month high of $105.04. The stock has a market cap of $14.59 billion, a P/E ratio of 110.95, a PEG ratio of 4.80 and a beta of 1.54.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data 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 company had revenue of $209.60 million for the quarter, compared to the consensus estimate of $203.50 million. Veeva Systems had a return on equity of 14.20% and a net margin of 21.23%. The company’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 earnings per share. equities analysts anticipate that Veeva Systems Inc will post 1.1 EPS for the current fiscal year.

Several equities analysts recently issued reports on the company. DA Davidson boosted their price target on Veeva Systems to $105.00 and gave the company a “buy” rating in a research note on Friday, August 24th. Morgan Stanley boosted their price target on Veeva Systems from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, June 27th. Needham & Company LLC restated a “buy” rating and set a $100.00 price target (up from $90.00) on shares of Veeva Systems in a research note on Friday, August 24th. Zacks Investment Research upgraded Veeva Systems from a “hold” rating to a “strong-buy” rating and set a $117.00 price target on the stock in a research note on Wednesday, August 29th. Finally, KeyCorp restated a “buy” rating on shares of Veeva Systems in a research note on Thursday, August 23rd. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. Veeva Systems presently has an average rating of “Buy” and an average target price of $94.29.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VEEV. FDx Advisors Inc. boosted its holdings in Veeva Systems by 37.8% during the first quarter. FDx Advisors Inc. now owns 9,266 shares of the technology company’s stock valued at $677,000 after purchasing an additional 2,542 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Veeva Systems by 26.2% during the first quarter. Daiwa Securities Group Inc. now owns 3,975 shares of the technology company’s stock valued at $290,000 after purchasing an additional 825 shares in the last quarter. Atria Investments LLC acquired a new stake in Veeva Systems during the first quarter valued at approximately $205,000. DekaBank Deutsche Girozentrale boosted its holdings in Veeva Systems by 83.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 10,254 shares of the technology company’s stock valued at $784,000 after purchasing an additional 4,661 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Veeva Systems by 4.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 144,302 shares of the technology company’s stock valued at $10,537,000 after purchasing an additional 6,219 shares in the last quarter. 76.02% of the stock is currently owned by institutional investors.

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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