Y.D. More Investments Ltd Makes New Investment in Veeva Systems Inc. (NYSE:VEEV)

Y.D. More Investments Ltd purchased a new stake in Veeva Systems Inc. (NYSE:VEEV - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,789 shares of the technology company's stock, valued at approximately $2,655,000.

A number of other institutional investors also recently modified their holdings of the company. OFI Invest Asset Management bought a new stake in Veeva Systems during the third quarter worth about $25,000. Operose Advisors LLC bought a new stake in Veeva Systems during the third quarter worth about $29,000. Parkside Financial Bank & Trust raised its holdings in Veeva Systems by 81.9% during the third quarter. Parkside Financial Bank & Trust now owns 171 shares of the technology company's stock worth $35,000 after acquiring an additional 77 shares in the last quarter. Atticus Wealth Management LLC raised its holdings in Veeva Systems by 500.0% during the third quarter. Atticus Wealth Management LLC now owns 180 shares of the technology company's stock worth $37,000 after acquiring an additional 150 shares in the last quarter. Finally, Nkcfo LLC raised its holdings in Veeva Systems by 54.7% during the third quarter. Nkcfo LLC now owns 232 shares of the technology company's stock worth $47,000 after acquiring an additional 82 shares in the last quarter. 88.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. The Goldman Sachs Group upped their target price on Veeva Systems from $219.00 to $248.00 and gave the stock a "buy" rating in a report on Friday, March 1st. Robert W. Baird upped their price objective on Veeva Systems from $245.00 to $251.00 and gave the company an "outperform" rating in a research note on Friday, March 1st. KeyCorp upped their price objective on Veeva Systems from $232.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, March 5th. Jefferies Financial Group upped their price objective on Veeva Systems from $225.00 to $270.00 and gave the company a "buy" rating in a research note on Monday, March 4th. Finally, Needham & Company LLC restated a "buy" rating and issued a $260.00 price objective on shares of Veeva Systems in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $234.90.

Insider Buying and Selling

In related news, EVP Alan Mateo sold 3,391 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $200.86, for a total transaction of $681,116.26. Following the sale, the executive vice president now owns 21,983 shares of the company's stock, valued at $4,415,505.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Veeva Systems news, EVP Alan Mateo sold 3,391 shares of the firm's stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $200.86, for a total value of $681,116.26. Following the sale, the executive vice president now owns 21,983 shares of the company's stock, valued at approximately $4,415,505.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jonathan Faddis sold 3,598 shares of the firm's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $207.42, for a total value of $746,297.16. Following the completion of the sale, the senior vice president now directly owns 10,668 shares in the company, valued at approximately $2,212,756.56. The disclosure for this sale can be found here. Insiders have sold 21,989 shares of company stock valued at $4,818,013 over the last 90 days. 10.98% of the stock is owned by corporate insiders.

Veeva Systems Price Performance

NYSE:VEEV traded up $0.34 during trading hours on Wednesday, reaching $198.90. 617,864 shares of the company were exchanged, compared to its average volume of 959,738. The company has a market capitalization of $32.09 billion, a P/E ratio of 61.77, a P/E/G ratio of 2.04 and a beta of 0.74. Veeva Systems Inc. has a 1-year low of $160.21 and a 1-year high of $236.90. The business has a 50 day moving average of $218.16 and a 200 day moving average of $202.20.

Veeva Systems (NYSE:VEEV - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.11. The business had revenue of $630.62 million for the quarter, compared to the consensus estimate of $620.75 million. Veeva Systems had a return on equity of 11.26% and a net margin of 22.24%. As a group, equities research analysts anticipate that Veeva Systems Inc. will post 4.11 earnings per share for the current fiscal year.

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.