PKO Investment Management Joint Stock Co Invests $336,000 in Veeva Systems Inc. (NYSE:VEEV)

PKO Investment Management Joint Stock Co acquired a new stake in Veeva Systems Inc. (NYSE:VEEV - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,600 shares of the technology company's stock, valued at approximately $336,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Centricity Wealth Management LLC acquired a new position in shares of Veeva Systems in the 4th quarter valued at approximately $25,000. Smithfield Trust Co grew its position in shares of Veeva Systems by 145.5% in the 4th quarter. Smithfield Trust Co now owns 135 shares of the technology company's stock valued at $27,000 after purchasing an additional 80 shares during the period. Avion Wealth grew its position in shares of Veeva Systems by 635.0% in the 4th quarter. Avion Wealth now owns 147 shares of the technology company's stock valued at $30,000 after purchasing an additional 127 shares during the period. Venturi Wealth Management LLC grew its position in shares of Veeva Systems by 2,716.7% in the 4th quarter. Venturi Wealth Management LLC now owns 169 shares of the technology company's stock valued at $36,000 after purchasing an additional 163 shares during the period. Finally, Promus Capital LLC acquired a new position in shares of Veeva Systems in the 4th quarter valued at approximately $36,000. 88.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Veeva Systems

In other Veeva Systems news, Director Timothy S. Cabral sold 3,882 shares of the stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $216.83, for a total value of $841,734.06. Following the completion of the transaction, the director now directly owns 5,500 shares in the company, valued at approximately $1,192,565. This trade represents a 41.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas D. Schwenger sold 1,200 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $220.97, for a total value of $265,164.00. Following the completion of the transaction, the insider now owns 25,889 shares of the company's stock, valued at $5,720,692.33. This represents a 4.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,869 shares of company stock valued at $1,284,917 over the last ninety days. 10.30% of the stock is owned by corporate insiders.

Veeva Systems Stock Performance

VEEV traded up $0.99 during trading hours on Friday, reaching $280.03. The company's stock had a trading volume of 3,578,987 shares, compared to its average volume of 1,147,282. Veeva Systems Inc. has a 52 week low of $170.25 and a 52 week high of $285.70. The company's 50-day moving average is $230.48 and its 200-day moving average is $227.86. The firm has a market cap of $45.56 billion, a PE ratio of 69.14, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96.

Veeva Systems (NYSE:VEEV - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The technology company reported $1.97 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.23. The firm had revenue of $759.04 million for the quarter, compared to analyst estimates of $728.38 million. Veeva Systems had a return on equity of 13.56% and a net margin of 25.07%. The company's revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.50 EPS. Equities analysts anticipate that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. UBS Group upped their price target on Veeva Systems from $250.00 to $285.00 and gave the stock a "neutral" rating in a research report on Thursday. Wall Street Zen raised Veeva Systems from a "hold" rating to a "buy" rating in a research report on Friday. Barclays upped their price target on Veeva Systems from $285.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday. KeyCorp reduced their price target on Veeva Systems from $260.00 to $250.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. upped their price target on Veeva Systems from $218.00 to $249.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Veeva Systems presently has an average rating of "Moderate Buy" and an average target price of $269.00.

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.