1834 Investment Advisors Co. Purchases 145 Shares of Veeva Systems Inc. (NYSE:VEEV)

1834 Investment Advisors Co. raised its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 5.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,660 shares of the technology company’s stock after buying an additional 145 shares during the quarter. 1834 Investment Advisors Co.’s holdings in Veeva Systems were worth $558,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VEEV. Procyon Advisors LLC purchased a new stake in shares of Veeva Systems during the 3rd quarter valued at about $712,000. Envestnet Portfolio Solutions Inc. raised its position in Veeva Systems by 44.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 29,782 shares of the technology company’s stock valued at $5,450,000 after purchasing an additional 9,232 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in shares of Veeva Systems by 46.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 132,760 shares of the technology company’s stock valued at $30,786,000 after purchasing an additional 42,396 shares during the last quarter. SageView Advisory Group LLC boosted its holdings in shares of Veeva Systems by 11,010.4% in the 1st quarter. SageView Advisory Group LLC now owns 168,545 shares of the technology company’s stock worth $39,050,000 after purchasing an additional 167,028 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Veeva Systems by 13.0% during the 1st quarter. Russell Investments Group Ltd. now owns 178,851 shares of the technology company’s stock valued at $41,506,000 after purchasing an additional 20,523 shares during the last quarter. Institutional investors own 88.20% of the company’s stock.

Insider Buying and Selling at Veeva Systems

In other news, SVP Jonathan Faddis sold 2,353 shares of Veeva Systems stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $200.00, for a total value of $470,600.00. Following the transaction, the senior vice president now owns 9,035 shares of the company’s stock, valued at $1,807,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.50% of the company’s stock.

Veeva Systems Stock Up 1.8 %

Veeva Systems stock opened at $216.45 on Thursday. The firm has a market cap of $35.05 billion, a P/E ratio of 57.72, a P/E/G ratio of 2.07 and a beta of 0.81. The business has a fifty day moving average of $213.48 and a two-hundred day moving average of $199.34. Veeva Systems Inc. has a twelve month low of $162.72 and a twelve month high of $236.90.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings data on Wednesday, August 28th. The technology company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. Veeva Systems had a return on equity of 13.30% and a net margin of 23.91%. The firm had revenue of $676.18 million during the quarter, compared to analysts’ expectations of $667.21 million. Equities analysts expect that Veeva Systems Inc. will post 4.21 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Piper Sandler lifted their price objective on shares of Veeva Systems from $225.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $250.00 price target on shares of Veeva Systems in a research note on Thursday, August 29th. Bank of America increased their price objective on shares of Veeva Systems from $204.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. boosted their target price on Veeva Systems from $203.00 to $208.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, Citigroup increased their price target on Veeva Systems from $256.00 to $273.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $232.87.

Veeva Systems Company 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.