Shares of Veeva Systems Inc. (NYSE:VEEV – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the twenty-two analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $228.27.
VEEV has been the topic of a number of recent research reports. Evercore ISI decreased their target price on Veeva Systems from $230.00 to $200.00 and set an “in-line” rating on the stock in a report on Friday, May 31st. Bank of America decreased their price objective on Veeva Systems from $240.00 to $204.00 and set a “neutral” rating on the stock in a research note on Friday, May 31st. Stifel Nicolaus cut their price objective on Veeva Systems from $250.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Royal Bank of Canada restated an “outperform” rating and set a $250.00 target price on shares of Veeva Systems in a research note on Friday, June 21st. Finally, Citigroup dropped their price target on shares of Veeva Systems from $274.00 to $256.00 and set a “buy” rating for the company in a research report on Monday, June 3rd.
Check Out Our Latest Stock Report on Veeva Systems
Insiders Place Their Bets
Institutional Trading of Veeva Systems
Several hedge funds and other institutional investors have recently bought and sold shares of VEEV. Linscomb & Williams Inc. purchased a new stake in shares of Veeva Systems in the fourth quarter valued at $1,479,000. Robeco Institutional Asset Management B.V. grew its holdings in Veeva Systems by 32.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 206,220 shares of the technology company’s stock valued at $365,000 after purchasing an additional 50,868 shares during the last quarter. APG Asset Management US Inc. purchased a new stake in Veeva Systems in the 4th quarter worth about $5,756,000. Quantum Capital Management LLC NJ raised its position in Veeva Systems by 9.8% in the 4th quarter. Quantum Capital Management LLC NJ now owns 329,867 shares of the technology company’s stock worth $63,506,000 after purchasing an additional 29,525 shares during the period. Finally, Eisler Capital UK Ltd. bought a new stake in Veeva Systems in the fourth quarter worth about $1,408,000. Hedge funds and other institutional investors own 88.20% of the company’s stock.
Veeva Systems Stock Down 0.3 %
NYSE VEEV opened at $193.64 on Friday. The company has a 50-day moving average price of $185.84 and a 200-day moving average price of $202.50. Veeva Systems has a 52 week low of $162.72 and a 52 week high of $236.90. The firm has a market capitalization of $31.30 billion, a P/E ratio of 57.12, a PEG ratio of 1.89 and a beta of 0.80.
Veeva Systems (NYSE:VEEV – Get Free Report) last announced its earnings results on Thursday, May 30th. The technology company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.10. Veeva Systems had a net margin of 22.34% and a return on equity of 12.74%. The business had revenue of $650.35 million during the quarter, compared to analysts’ expectations of $641.73 million. As a group, equities research analysts anticipate that Veeva Systems will post 4.19 EPS for the current year.
About Veeva Systems
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.
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