Equities analysts forecast that Veeva Systems Inc (NYSE:VEEV) will report earnings per share of $0.21 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Veeva Systems’ earnings, with estimates ranging from $0.21 to $0.22. Veeva Systems reported earnings per share of $0.22 during the same quarter last year, which suggests a negative year-over-year growth rate of 4.5%. The business is expected to issue its next quarterly earnings results on Tuesday, February 27th.

On average, analysts expect that Veeva Systems will report full year earnings of $0.92 per share for the current financial year, with EPS estimates ranging from $0.91 to $0.92. For the next year, analysts expect that the company will post earnings of $1.01 per share, with EPS estimates ranging from $0.99 to $1.05. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Veeva Systems.

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

Several research analysts have recently commented on the company. Zacks Investment Research downgraded Veeva Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. BidaskClub upgraded Veeva Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 20th. Stifel Nicolaus reiterated a “buy” rating and set a $67.00 target price on shares of Veeva Systems in a research note on Friday, October 13th. Needham & Company LLC reiterated a “buy” rating on shares of Veeva Systems in a research note on Thursday, October 12th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $70.00 target price on shares of Veeva Systems in a research note on Wednesday, December 6th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $67.45.

Veeva Systems (NYSE VEEV) opened at $58.37 on Friday. Veeva Systems has a one year low of $41.30 and a one year high of $68.07. The company has a market capitalization of $8,250.00, a P/E ratio of 64.14, a PEG ratio of 4.71 and a beta of 1.60.

In related news, CFO Timothy S. Cabral sold 50,000 shares of Veeva Systems stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $55.74, for a total transaction of $2,787,000.00. Following the completion of the sale, the chief financial officer now directly owns 50,000 shares of the company’s stock, valued at approximately $2,787,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gordon Ritter sold 5,100 shares of Veeva Systems stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $59.16, for a total value of $301,716.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 175,929 shares of company stock valued at $10,142,240. 19.17% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in VEEV. BlackRock Inc. lifted its holdings in Veeva Systems by 44.9% during the 2nd quarter. BlackRock Inc. now owns 5,812,749 shares of the technology company’s stock worth $356,379,000 after purchasing an additional 1,801,439 shares during the last quarter. FMR LLC lifted its holdings in Veeva Systems by 50.9% during the 2nd quarter. FMR LLC now owns 3,456,402 shares of the technology company’s stock worth $211,912,000 after purchasing an additional 1,166,372 shares during the last quarter. State Street Corp lifted its holdings in Veeva Systems by 52.1% during the 2nd quarter. State Street Corp now owns 1,856,894 shares of the technology company’s stock worth $113,851,000 after purchasing an additional 635,842 shares during the last quarter. Koch Industries Inc. acquired a new stake in Veeva Systems during the 2nd quarter worth approximately $408,000. Finally, Janus Henderson Group PLC lifted its holdings in Veeva Systems by 202.7% during the 3rd quarter. Janus Henderson Group PLC now owns 594,544 shares of the technology company’s stock worth $33,538,000 after purchasing an additional 398,149 shares during the last quarter. 70.90% of the stock is owned by institutional investors and hedge funds.

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About Veeva Systems

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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