Benjamin F. Edwards & Company Inc. boosted its position in Veeva Systems Inc (NYSE:VEEV) by 7.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,402 shares of the technology company’s stock after purchasing an additional 102 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Veeva Systems were worth $125,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the stock. Ruggie Capital Group bought a new position in shares of Veeva Systems during the fourth quarter worth approximately $39,000. Rhumbline Advisers increased its holdings in shares of Veeva Systems by 3.8% during the fourth quarter. Rhumbline Advisers now owns 128,321 shares of the technology company’s stock worth $11,462,000 after purchasing an additional 4,711 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Veeva Systems by 8.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,555 shares of the technology company’s stock worth $139,000 after purchasing an additional 119 shares during the period. Xact Kapitalforvaltning AB increased its holdings in shares of Veeva Systems by 3.0% during the fourth quarter. Xact Kapitalforvaltning AB now owns 20,936 shares of the technology company’s stock worth $1,870,000 after purchasing an additional 600 shares during the period. Finally, Valeo Financial Advisors LLC increased its holdings in shares of Veeva Systems by 319.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 394 shares of the technology company’s stock worth $35,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 76.68% of the company’s stock.
In other Veeva Systems news, President Matthew J. Wallach sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $90.72, for a total value of $1,088,640.00. Following the sale, the president now owns 12,000 shares in the company, valued at $1,088,640. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Frederic Lequient sold 1,395 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $98.55, for a total transaction of $137,477.25. Following the completion of the sale, the senior vice president now owns 4,429 shares in the company, valued at approximately $436,477.95. The disclosure for this sale can be found here. Insiders sold 182,261 shares of company stock worth $16,574,991 in the last 90 days. Company insiders own 15.97% of the company’s stock.
Shares of NYSE:VEEV opened at $115.95 on Tuesday. The company has a market capitalization of $16.74 billion, a P/E ratio of 126.03, a PEG ratio of 4.33 and a beta of 1.72. Veeva Systems Inc has a 1 year low of $55.65 and a 1 year high of $117.97.
Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Wednesday, November 28th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. Veeva Systems had a net margin of 23.61% and a return on equity of 15.51%. The business had revenue of $224.70 million for the quarter, compared to analysts’ expectations of $216.04 million. During the same period last year, the firm posted $0.25 earnings per share. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. On average, equities analysts anticipate that Veeva Systems Inc will post 1.19 EPS for the current fiscal year.
VEEV has been the topic of several recent research reports. Zacks Investment Research raised shares of Veeva Systems from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a report on Saturday. Bank of America reaffirmed a “buy” rating and set a $120.00 target price (up from $110.00) on shares of Veeva Systems in a report on Thursday, November 29th. ValuEngine cut shares of Veeva Systems from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 1st. Stephens began coverage on shares of Veeva Systems in a research note on Wednesday, January 16th. They issued an “equal weight” rating and a $113.00 price objective on the stock. Finally, Leerink Swann began coverage on shares of Veeva Systems in a research note on Tuesday, December 4th. They issued an “outperform” rating and a $120.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Veeva Systems currently has a consensus rating of “Buy” and an average target price of $104.06.
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.
Recommended Story: What is a bull market?
Receive News & Ratings for Veeva Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeva Systems and related companies with MarketBeat.com's FREE daily email newsletter.