North Star Asset Management Inc. Grows Holdings in Veeva Systems Inc. (NYSE:VEEV)

North Star Asset Management Inc. boosted its holdings in shares of Veeva Systems Inc. (NYSE:VEEV - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 114,108 shares of the technology company's stock after acquiring an additional 5,170 shares during the quarter. North Star Asset Management Inc. owned 0.07% of Veeva Systems worth $23,991,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Smith Group Asset Management LLC boosted its stake in shares of Veeva Systems by 2.2% during the fourth quarter. Smith Group Asset Management LLC now owns 82,567 shares of the technology company's stock valued at $17,360,000 after purchasing an additional 1,749 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Veeva Systems by 2,716.7% during the fourth 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. Union Bancaire Privee UBP SA purchased a new stake in shares of Veeva Systems during the fourth quarter valued at $3,525,000. AEGON ASSET MANAGEMENT UK Plc boosted its position in Veeva Systems by 10.1% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 117,757 shares of the technology company's stock valued at $24,755,000 after buying an additional 10,836 shares during the period. Finally, SYM FINANCIAL Corp purchased a new stake in Veeva Systems in the 4th quarter valued at about $729,000. Hedge funds and other institutional investors own 88.20% of the company's stock.

Veeva Systems Trading Up 18.1%

Shares of NYSE VEEV traded up $42.47 during midday trading on Thursday, reaching $276.96. The company had a trading volume of 4,282,197 shares, compared to its average volume of 1,134,054. The business's 50-day simple moving average is $228.89 and its 200 day simple moving average is $227.27. The stock has a market cap of $45.06 billion, a P/E ratio of 68.47, a P/E/G ratio of 1.89 and a beta of 0.96. Veeva Systems Inc. has a 1 year low of $170.25 and a 1 year high of $285.40.

Veeva Systems (NYSE:VEEV - Get Free Report) last issued its earnings results on Wednesday, May 28th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.23. The company had revenue of $759.04 million during 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 firm's quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the business posted $1.50 EPS. Analysts predict that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on VEEV. KeyCorp lowered their price target on Veeva Systems from $260.00 to $250.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Scotiabank upped their target price on Veeva Systems from $240.00 to $245.00 and gave the stock a "sector perform" rating in a report on Thursday, March 6th. Piper Sandler dropped their target price on shares of Veeva Systems from $290.00 to $255.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Truist Financial increased their target price on shares of Veeva Systems from $210.00 to $217.00 and gave the stock a "hold" rating in a report on Thursday, March 6th. Finally, Needham & Company LLC increased their target price on shares of Veeva Systems from $270.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Veeva Systems has a consensus rating of "Moderate Buy" and a consensus price target of $257.48.

Insider Transactions at Veeva Systems

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