1,051 Shares in Veeva Systems Inc. (NYSE:VEEV) Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC bought a new position in Veeva Systems Inc. (NYSE:VEEV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,051 shares of the technology company’s stock, valued at approximately $202,000.

Several other large investors have also made changes to their positions in VEEV. Operose Advisors LLC purchased a new position in shares of Veeva Systems in the 3rd quarter worth $29,000. DSM Capital Partners LLC purchased a new position in Veeva Systems in the fourth quarter valued at about $29,000. Vermillion & White Wealth Management Group LLC purchased a new position in Veeva Systems in the fourth quarter valued at about $32,000. Parkside Financial Bank & Trust raised its position in Veeva Systems by 81.9% in 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 during the period. Finally, American National Bank purchased a new position in Veeva Systems in the fourth quarter valued at about $36,000. 88.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on VEEV. Canaccord Genuity Group cut their price objective on Veeva Systems from $220.00 to $210.00 and set a “hold” rating on the stock in a research report on Friday, May 31st. Robert W. Baird raised their price objective on Veeva Systems from $251.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, May 29th. Barclays cut their price objective on Veeva Systems from $245.00 to $220.00 and set an “overweight” rating on the stock in a research report on Friday, May 31st. JPMorgan Chase & Co. raised their price objective on Veeva Systems from $183.00 to $222.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Finally, UBS Group lowered their target price on Veeva Systems from $235.00 to $185.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $227.95.

Veeva Systems Stock Up 2.8 %

Shares of NYSE VEEV opened at $183.80 on Friday. The firm’s 50-day moving average price is $196.60 and its two-hundred day moving average price is $204.49. Veeva Systems Inc. has a 52-week low of $162.72 and a 52-week high of $236.90. The stock has a market capitalization of $29.71 billion, a P/E ratio of 54.22, a P/E/G ratio of 1.76 and a beta of 0.80.

Insiders Place Their Bets

In other Veeva Systems news, CFO Timothy S. Cabral sold 15,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $184.33, for a total value of $2,764,950.00. Following the transaction, the chief financial officer now owns 8,391 shares of the company’s stock, valued at $1,546,713.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Timothy S. Cabral sold 15,000 shares of Veeva Systems stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $184.33, for a total transaction of $2,764,950.00. Following the sale, the chief financial officer now owns 8,391 shares of the company’s stock, valued at $1,546,713.03. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Alan Mateo sold 3,391 shares of Veeva Systems stock in a transaction that occurred 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 sale, the executive vice president now directly owns 21,983 shares in the company, valued at approximately $4,415,505.38. The disclosure for this sale can be found here. Insiders have sold 21,989 shares of company stock valued at $4,192,363 over the last quarter. Insiders own 10.50% of the company’s stock.

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.