NS Partners Ltd Increases Position in Veeva Systems Inc. (NYSE:VEEV)

NS Partners Ltd boosted its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 2.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 70,078 shares of the technology company’s stock after acquiring an additional 1,435 shares during the quarter. NS Partners Ltd’s holdings in Veeva Systems were worth $14,707,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Veeva Systems in the third quarter worth $26,000. Advisors Asset Management Inc. purchased a new position in shares of Veeva Systems during the 1st quarter valued at about $28,000. Blue Trust Inc. lifted its holdings in shares of Veeva Systems by 3,460.0% in the 2nd quarter. Blue Trust Inc. now owns 178 shares of the technology company’s stock valued at $33,000 after buying an additional 173 shares during the period. DT Investment Partners LLC acquired a new position in shares of Veeva Systems in the 2nd quarter valued at about $35,000. Finally, Mather Group LLC. boosted its stake in shares of Veeva Systems by 166.3% in the second quarter. Mather Group LLC. now owns 253 shares of the technology company’s stock worth $46,000 after buying an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Analyst Ratings Changes

VEEV has been the topic of a number of analyst reports. Raymond James raised their price objective on shares of Veeva Systems from $230.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Citigroup lifted their price objective on shares of Veeva Systems from $256.00 to $273.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Barclays raised their target price on Veeva Systems from $240.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their price target on Veeva Systems from $203.00 to $208.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, Robert W. Baird lowered their price target on Veeva Systems from $251.00 to $245.00 and set an “outperform” rating on the stock in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Veeva Systems currently has an average rating of “Moderate Buy” and a consensus price target of $236.92.

Veeva Systems Trading Down 1.8 %

Shares of VEEV stock opened at $209.80 on Wednesday. Veeva Systems Inc. has a twelve month low of $165.12 and a twelve month high of $240.68. The company’s 50-day moving average price is $214.95 and its 200-day moving average price is $200.93. The stock has a market cap of $33.97 billion, a price-to-earnings ratio of 55.95, a PEG ratio of 2.06 and a beta of 0.81.

Veeva Systems (NYSE:VEEV) last issued its earnings results on Wednesday, August 28th. The technology company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. Veeva Systems had a net margin of 23.91% and a return on equity of 13.30%. The company had revenue of $676.18 million for the quarter, compared to the consensus estimate of $667.21 million. As a group, equities research analysts predict that Veeva Systems Inc. will post 4.21 EPS for the current year.

Insiders Place Their Bets

In other news, insider Thomas D. Schwenger sold 1,126 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $240.01, for a total value of $270,251.26. Following the sale, the insider now directly owns 27,013 shares of the company’s stock, valued at approximately $6,483,390.13. The trade was a 4.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.50% of the stock is owned by insiders.

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.