OMERS ADMINISTRATION Corp Sells 1,210 Shares of Veeva Systems Inc. (NYSE:VEEV)

OMERS ADMINISTRATION Corp trimmed its stake in shares of Veeva Systems Inc. (NYSE:VEEV - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,412 shares of the technology company's stock after selling 1,210 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Veeva Systems were worth $1,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of VEEV. MassMutual Private Wealth & Trust FSB grew its holdings in shares of 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 purchasing an additional 50 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in Veeva Systems in the 4th quarter worth $25,000. Smithfield Trust Co increased its position in shares of Veeva Systems by 145.5% in the fourth quarter. Smithfield Trust Co now owns 135 shares of the technology company's stock valued at $27,000 after acquiring an additional 80 shares during the period. Avion Wealth increased its position in shares of Veeva Systems by 635.0% in the fourth quarter. Avion Wealth now owns 147 shares of the technology company's stock valued at $30,000 after acquiring an additional 127 shares during the period. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Veeva Systems during the fourth quarter valued at about $31,000. 88.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Veeva Systems

In other news, Director Timothy S. Cabral sold 3,882 shares of the business's stock in a transaction on 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jonathan Faddis sold 787 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $226.20, for a total value of $178,019.40. Following the sale, the senior vice president now directly owns 8,668 shares in the company, valued at $1,960,701.60. This trade represents a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,869 shares of company stock worth $1,284,917. Corporate insiders own 10.30% of the company's stock.

Veeva Systems Stock Up 0.5%

Shares of NYSE VEEV traded up $1.13 during trading on Thursday, reaching $236.13. The company had a trading volume of 258,768 shares, compared to its average volume of 1,107,523. The business's 50-day moving average is $229.03 and its 200 day moving average is $226.75. The stock has a market cap of $38.42 billion, a PE ratio of 58.25, a P/E/G 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 $258.93.

Wall Street Analyst Weigh In

VEEV has been the topic of several recent analyst reports. KeyCorp cut their target price on Veeva Systems from $260.00 to $250.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Scotiabank increased their price objective on Veeva Systems from $240.00 to $245.00 and gave the stock a "sector perform" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. lifted their price objective on Veeva Systems from $218.00 to $249.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Stephens restated an "overweight" rating and set a $280.00 target price on shares of Veeva Systems in a report on Thursday, March 6th. Finally, Truist Financial raised their price target on Veeva Systems from $210.00 to $217.00 and gave the stock a "hold" rating in a research note on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, Veeva Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $254.92.

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.