Oxford Asset Management LLP Acquires Shares of 3,939 Veeva Systems Inc. (NYSE:VEEV)

Oxford Asset Management LLP acquired a new stake in Veeva Systems Inc. (NYSE:VEEV - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,939 shares of the technology company's stock, valued at approximately $758,000. Veeva Systems accounts for approximately 1.4% of Oxford Asset Management LLP's holdings, making the stock its 13th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SageView Advisory Group LLC bought a new position in shares of Veeva Systems during the fourth quarter worth approximately $320,000. AXS Investments LLC bought a new position in shares of Veeva Systems during the fourth quarter worth approximately $80,000. US Bancorp DE increased its stake in shares of Veeva Systems by 3.2% during the fourth quarter. US Bancorp DE now owns 40,749 shares of the technology company's stock worth $7,845,000 after purchasing an additional 1,275 shares during the period. Ontario Teachers Pension Plan Board grew its position in Veeva Systems by 45.7% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 14,285 shares of the technology company's stock worth $2,750,000 after buying an additional 4,482 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in Veeva Systems during the fourth quarter worth approximately $491,000. Institutional investors own 88.20% of the company's stock.

Veeva Systems Stock Performance

Shares of VEEV stock traded down $1.18 during mid-day trading on Thursday, hitting $204.58. The company's stock had a trading volume of 791,934 shares, compared to its average volume of 910,712. The company's fifty day simple moving average is $212.16 and its 200-day simple moving average is $203.16. Veeva Systems Inc. has a 52 week low of $160.21 and a 52 week high of $236.90. The company has a market cap of $33.00 billion, a PE ratio of 63.89, a P/E/G ratio of 2.00 and a beta of 0.76.

Veeva Systems (NYSE:VEEV - Get Free Report) last issued its earnings results on Thursday, February 29th. The technology company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.81 by $0.11. The company had revenue of $630.62 million during 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%. On average, equities analysts anticipate that Veeva Systems Inc. will post 4.11 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on VEEV. KeyCorp increased their price target on Veeva Systems from $232.00 to $250.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 5th. Truist Financial increased their price target on Veeva Systems from $187.00 to $203.00 and gave the stock a "hold" rating in a research report on Friday, March 1st. Oppenheimer reissued an "outperform" rating and set a $225.00 price target on shares of Veeva Systems in a research report on Thursday, February 22nd. UBS Group increased their price target on Veeva Systems from $185.00 to $235.00 and gave the stock a "neutral" rating in a research report on Monday, February 26th. Finally, StockNews.com raised Veeva Systems from a "hold" rating to a "buy" rating in a report on Friday, April 12th. 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $234.90.

Insider Activity

In other Veeva Systems news, Director Timothy S. Cabral sold 15,000 shares of Veeva Systems stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $226.04, for a total transaction of $3,390,600.00. Following the completion of the transaction, the director now owns 23,391 shares in the company, valued at approximately $5,287,301.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Timothy S. Cabral sold 15,000 shares of the business's stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $226.04, for a total value of $3,390,600.00. Following the transaction, the director now owns 23,391 shares in the company, valued at approximately $5,287,301.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jonathan Faddis sold 3,598 shares of the business's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $207.42, for a total value of $746,297.16. Following the completion of the transaction, the senior vice president now owns 10,668 shares in the company, valued at approximately $2,212,756.56. The disclosure for this sale can be found here. Insiders sold a total of 21,989 shares of company stock worth $4,818,013 in the last three months. Company insiders own 10.50% of the company's stock.

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.

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