Evercore ISI reiterated their buy rating on shares of Veeva Systems Inc. (NYSE:VEEV) in a report released on Saturday. Evercore ISI currently has a $47.00 price objective on the stock, up from their prior price objective of $45.00.

Other analysts have also issued reports about the company. Zacks Investment Research lowered Veeva Systems from a buy rating to a hold rating in a research note on Monday, September 5th. Stifel Nicolaus boosted their target price on Veeva Systems from $43.00 to $45.00 and gave the company a buy rating in a research note on Friday, September 30th. JMP Securities began coverage on Veeva Systems in a research note on Thursday, October 13th. They issued a market perform rating on the stock. Deutsche Bank AG boosted their target price on Veeva Systems from $36.00 to $44.00 and gave the company a hold rating in a research note on Wednesday. Finally, Goldman Sachs Group Inc. began coverage on Veeva Systems in a research note on Tuesday, October 4th. They issued a neutral rating and a $43.00 target price on the stock. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Veeva Systems presently has a consensus rating of Hold and an average price target of $43.57.

Shares of Veeva Systems (NYSE:VEEV) opened at 46.27 on Friday. Veeva Systems has a 1-year low of $19.97 and a 1-year high of $46.70. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 125.05 and a beta of 1.60. The company has a 50-day moving average price of $39.47 and a 200 day moving average price of $37.23.

Veeva Systems (NYSE:VEEV) last issued its earnings results on Tuesday, November 22nd. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.06. The firm had revenue of $142.80 million for the quarter, compared to analyst estimates of $135.67 million. Veeva Systems had a return on equity of 12.84% and a net margin of 12.73%. The business’s revenue was up 33.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 earnings per share. On average, equities research analysts predict that Veeva Systems will post $0.63 EPS for the current year.

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In other news, President Matthew J. Wallach sold 84,000 shares of the company’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $41.47, for a total value of $3,483,480.00. Following the completion of the transaction, the president now directly owns 42,000 shares in the company, valued at approximately $1,741,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Timothy S. Cabral sold 42,441 shares of the company’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $41.42, for a total value of $1,757,906.22. The disclosure for this sale can be found here. 19.17% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. Huntington National Bank bought a new stake in shares of Veeva Systems during the second quarter valued at $101,000. FineMark National Bank & Trust boosted its stake in shares of Veeva Systems by 12.7% in the second quarter. FineMark National Bank & Trust now owns 3,060 shares of the company’s stock valued at $104,000 after buying an additional 346 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of Veeva Systems by 105.2% in the third quarter. Advisor Group Inc. now owns 2,772 shares of the company’s stock valued at $115,000 after buying an additional 1,421 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Veeva Systems by 22.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,402 shares of the company’s stock valued at $140,000 after buying an additional 625 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Veeva Systems during the third quarter valued at $156,000. Institutional investors own 71.12% of the company’s stock.

Veeva Systems Company Profile

Veeva Systems Inc (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data.

5 Day Chart for NYSE:VEEV

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