Gladstone Institutional Advisory LLC Has $449,000 Stock Holdings in Veeva Systems Inc. (NYSE:VEEV)

Gladstone Institutional Advisory LLC increased its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 21.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,330 shares of the technology company’s stock after buying an additional 413 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Veeva Systems were worth $449,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in VEEV. Operose Advisors LLC acquired a new stake in Veeva Systems during the third quarter valued at approximately $29,000. Parkside Financial Bank & Trust boosted its holdings in Veeva Systems by 81.9% during the third quarter. Parkside Financial Bank & Trust now owns 171 shares of the technology company’s stock valued at $35,000 after purchasing an additional 77 shares in the last quarter. American National Bank acquired a new stake in Veeva Systems during the fourth quarter valued at approximately $36,000. Atticus Wealth Management LLC boosted its holdings in Veeva Systems by 500.0% during the third quarter. Atticus Wealth Management LLC now owns 180 shares of the technology company’s stock valued at $37,000 after purchasing an additional 150 shares in the last quarter. Finally, Nkcfo LLC boosted its holdings in Veeva Systems by 54.7% during the third quarter. Nkcfo LLC now owns 232 shares of the technology company’s stock valued at $47,000 after purchasing an additional 82 shares in the last quarter. 88.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Citigroup lifted their price objective on Veeva Systems from $240.00 to $264.00 and gave the company a “buy” rating in a report on Friday, March 1st. Raymond James reissued an “outperform” rating and issued a $260.00 target price on shares of Veeva Systems in a report on Tuesday, March 26th. Truist Financial boosted their target price on Veeva Systems from $187.00 to $203.00 and gave the stock a “hold” rating in a report on Friday, March 1st. JPMorgan Chase & Co. boosted their target price on Veeva Systems from $183.00 to $222.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, StockNews.com raised Veeva Systems from a “hold” rating to a “buy” rating in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Veeva Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.90.

Veeva Systems Stock Performance

Shares of Veeva Systems stock opened at $205.72 on Thursday. The firm has a fifty day moving average of $212.16 and a two-hundred day moving average of $203.16. The stock has a market capitalization of $33.19 billion, a price-to-earnings ratio of 63.89, a PEG ratio of 2.00 and a beta of 0.76. Veeva Systems Inc. has a 52 week low of $160.21 and a 52 week high of $236.90.

Veeva Systems (NYSE:VEEV) last issued its earnings results on Thursday, February 29th. The technology company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.81 by $0.11. The company had revenue of $630.62 million during the quarter, compared to analysts’ expectations of $620.75 million. Veeva Systems had a net margin of 22.24% and a return on equity of 11.26%. As a group, research analysts forecast that Veeva Systems Inc. will post 4.11 EPS for the current fiscal year.

Insider Activity at Veeva Systems

In related news, Director Timothy S. Cabral sold 15,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $226.04, for a total value of $3,390,600.00. Following the completion of the sale, the director now owns 23,391 shares in the company, valued at approximately $5,287,301.64. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Alan Mateo sold 3,391 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $200.86, for a total value of $681,116.26. Following the completion of the transaction, the executive vice president now directly owns 21,983 shares of the company’s stock, valued at approximately $4,415,505.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Timothy S. Cabral sold 15,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $226.04, for a total transaction of $3,390,600.00. Following the completion of the transaction, the director now directly owns 23,391 shares of the company’s stock, valued at $5,287,301.64. The disclosure for this sale can be found here. Insiders sold a total of 21,989 shares of company stock worth $4,818,013 in the last quarter. Corporate insiders own 10.50% of the company’s stock.

Veeva Systems Profile

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.