Heck Capital Advisors LLC Makes New $309,000 Investment in Veeva Systems Inc. (NYSE:VEEV)

Heck Capital Advisors LLC purchased a new stake in shares of Veeva Systems Inc. (NYSE:VEEV - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,469 shares of the technology company's stock, valued at approximately $309,000.

Other large investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in Veeva Systems by 72.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the technology company's stock worth $25,000 after buying an additional 50 shares during the period. Centricity Wealth Management LLC purchased a new position in shares of Veeva Systems in the 4th quarter valued at approximately $25,000. Smithfield Trust Co lifted its stake 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 boosted its position in shares of Veeva Systems by 635.0% during the fourth quarter. Avion Wealth now owns 147 shares of the technology company's stock valued at $30,000 after purchasing an additional 127 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in Veeva Systems by 2,716.7% in the fourth quarter. Venturi Wealth Management LLC now owns 169 shares of the technology company's stock worth $36,000 after purchasing an additional 163 shares during the period. Institutional investors own 88.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VEEV. Needham & Company LLC boosted their target price on shares of Veeva Systems from $270.00 to $300.00 and gave the company a "buy" rating in a report on Thursday. Wall Street Zen upgraded Veeva Systems from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Stephens reiterated an "overweight" rating and set a $280.00 price objective on shares of Veeva Systems in a research note on Thursday, March 6th. Stifel Nicolaus boosted their target price on Veeva Systems from $272.00 to $295.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Scotiabank raised their price target on Veeva Systems from $240.00 to $245.00 and gave the company a "sector perform" rating in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $268.12.

Insider Activity at Veeva Systems

In other Veeva Systems news, SVP Jonathan Faddis sold 787 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $226.20, for a total value of $178,019.40. Following the completion of the sale, the senior vice president now owns 8,668 shares in the company, valued at approximately $1,960,701.60. This represents a 8.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Timothy S. Cabral sold 3,882 shares of the business's stock in a transaction dated Friday, April 4th. The shares were 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 owns 5,500 shares in the company, valued at $1,192,565. The trade was a 41.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,869 shares of company stock worth $1,284,917. 10.30% of the stock is owned by corporate insiders.

Veeva Systems Stock Performance

Shares of VEEV stock traded up $44.36 during mid-day trading on Thursday, reaching $278.85. 6,130,238 shares of the company's stock traded hands, compared to its average volume of 1,140,803. The firm has a market capitalization of $45.37 billion, a PE ratio of 68.85, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. Veeva Systems Inc. has a 12 month low of $170.25 and a 12 month high of $285.40. The firm has a 50 day moving average price of $228.89 and a two-hundred day moving average price of $227.27.

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

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.