Veeva Systems Inc (NYSE:VEEV) – Equities researchers at William Blair upped their Q4 2018 earnings per share (EPS) estimates for shares of Veeva Systems in a research note issued to investors on Wednesday. William Blair analyst A. Murphy now forecasts that the technology company will post earnings of $0.15 per share for the quarter, up from their previous forecast of $0.14.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Tuesday, December 5th. The technology company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.09. Veeva Systems had a return on equity of 12.68% and a net margin of 19.97%. The business had revenue of $176.10 million during the quarter, compared to analysts’ expectations of $171.99 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. The company’s quarterly revenue was up 23.3% compared to the same quarter last year.

Several other equities research analysts have also recently commented on VEEV. Canaccord Genuity restated a “buy” rating and set a $70.00 price target on shares of Veeva Systems in a research note on Wednesday. Needham & Company LLC restated a “buy” rating on shares of Veeva Systems in a research note on Thursday, October 12th. KeyCorp restated a “buy” rating and set a $70.00 price target on shares of Veeva Systems in a research note on Friday, August 25th. Stifel Nicolaus restated a “buy” rating and set a $67.00 price target on shares of Veeva Systems in a research note on Friday, October 13th. Finally, Zacks Investment Research upgraded Veeva Systems from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Wednesday, October 11th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Veeva Systems has a consensus rating of “Buy” and an average target price of $67.45.

Veeva Systems (NYSE:VEEV) traded up $1.53 during trading on Friday, hitting $55.53. The stock had a trading volume of 2,506,800 shares, compared to its average volume of 1,326,969. Veeva Systems has a twelve month low of $40.50 and a twelve month high of $68.07. The stock has a market capitalization of $7,810.00, a PE ratio of 91.53, a PEG ratio of 4.42 and a beta of 1.60.

In related news, SVP Jonathan Faddis sold 37,500 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $56.38, for a total transaction of $2,114,250.00. Following the transaction, the senior vice president now owns 39,149 shares of the company’s stock, valued at $2,207,220.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Timothy S. Cabral sold 23,699 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $57.43, for a total value of $1,361,033.57. Following the completion of the sale, the chief financial officer now directly owns 13,699 shares in the company, valued at approximately $786,733.57. The disclosure for this sale can be found here. Insiders have sold 231,432 shares of company stock worth $13,398,002 in the last ninety days. 19.17% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP grew its holdings in Veeva Systems by 28.3% in the third quarter. GSA Capital Partners LLP now owns 19,500 shares of the technology company’s stock valued at $1,100,000 after purchasing an additional 4,300 shares during the last quarter. Americafirst Capital Management LLC acquired a new stake in Veeva Systems in the third quarter valued at $630,000. ICICI Prudential Asset Management Co Ltd acquired a new stake in Veeva Systems in the third quarter valued at $344,000. Neuberger Berman Group LLC acquired a new stake in Veeva Systems in the third quarter valued at $13,164,000. Finally, California Public Employees Retirement System grew its holdings in Veeva Systems by 8.3% in the third quarter. California Public Employees Retirement System now owns 214,929 shares of the technology company’s stock valued at $12,124,000 after purchasing an additional 16,429 shares during the last quarter. 72.38% of the stock is currently owned by institutional investors.

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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.

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