Analysts forecast that Veeva Systems Inc (NYSE:VEEV) will post $0.21 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Veeva Systems’ earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.22. Veeva Systems posted earnings per share of $0.22 during the same quarter last year, which indicates a negative year over year growth rate of 4.5%. The firm is expected to report its next earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that Veeva Systems will report full-year earnings of $0.92 per share for the current year, with EPS estimates ranging from $0.91 to $0.92. For the next fiscal year, analysts forecast that the firm will post earnings of $1.01 per share, with EPS estimates ranging from $0.99 to $1.05. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Veeva Systems.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Tuesday, December 5th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.09. Veeva Systems had a net margin of 19.97% and a return on equity of 12.21%. The firm had revenue of $176.10 million for the quarter, compared to the consensus estimate of $171.99 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year.

VEEV has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Veeva Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. BidaskClub upgraded shares of Veeva Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th. JMP Securities reiterated a “buy” rating and issued a $70.00 price target on shares of Veeva Systems in a report on Saturday, August 26th. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price target on shares of Veeva Systems in a report on Friday, August 25th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 price target on shares of Veeva Systems in a report on Friday, October 13th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Veeva Systems has an average rating of “Buy” and a consensus price target of $67.45.

Veeva Systems (NYSE VEEV) traded down $0.77 on Friday, hitting $55.87. 1,036,400 shares of the stock traded hands, compared to its average volume of 1,325,210. Veeva Systems has a 12-month low of $40.50 and a 12-month high of $68.07. The firm has a market capitalization of $7,855.97, a P/E ratio of 96.00, a P/E/G ratio of 4.60 and a beta of 1.60.

In other news, EVP Alan Mateo sold 532 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $58.11, for a total transaction of $30,914.52. Following the sale, the executive vice president now owns 8,294 shares of the company’s stock, valued at approximately $481,964.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul J. Sekhri sold 10,971 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $53.83, for a total value of $590,568.93. Following the transaction, the director now owns 27,438 shares in the company, valued at approximately $1,476,987.54. The disclosure for this sale can be found here. Insiders have sold a total of 203,404 shares of company stock worth $11,747,583 in the last ninety days. Corporate insiders own 17.50% of the company’s stock.

Several large investors have recently made changes to their positions in the company. ETF Managers Group LLC purchased a new position in Veeva Systems in the 2nd quarter valued at $101,000. Robeco Institutional Asset Management B.V. purchased a new position in Veeva Systems in the 2nd quarter valued at $102,000. LS Investment Advisors LLC purchased a new position in Veeva Systems in the 2nd quarter valued at $105,000. C M Bidwell & Associates Ltd. lifted its holdings in Veeva Systems by 460.0% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,800 shares of the technology company’s stock valued at $172,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its holdings in Veeva Systems by 77.2% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,952 shares of the technology company’s stock valued at $181,000 after purchasing an additional 1,286 shares in the last quarter. Hedge funds and other institutional investors own 72.38% of the company’s stock.

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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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