Radnor Capital Management LLC Sells 133 Shares of Veeva Systems Inc. (NYSE:VEEV)

Radnor Capital Management LLC lessened its position in Veeva Systems Inc. (NYSE:VEEVFree Report) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,846 shares of the technology company’s stock after selling 133 shares during the quarter. Radnor Capital Management LLC’s holdings in Veeva Systems were worth $355,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Veeva Systems in the 4th quarter worth about $5,368,000. BluePath Capital Management LLC lifted its holdings in Veeva Systems by 11.2% during the 4th quarter. BluePath Capital Management LLC now owns 2,086 shares of the technology company’s stock valued at $404,000 after buying an additional 210 shares in the last quarter. Patten Group Inc. lifted its holdings in Veeva Systems by 26.3% during the 4th quarter. Patten Group Inc. now owns 4,100 shares of the technology company’s stock valued at $789,000 after buying an additional 853 shares in the last quarter. BKM Wealth Management LLC bought a new stake in Veeva Systems during the 4th quarter valued at about $121,000. Finally, Nordea Investment Management AB lifted its holdings in Veeva Systems by 5.2% during the 4th quarter. Nordea Investment Management AB now owns 163,247 shares of the technology company’s stock valued at $31,730,000 after buying an additional 8,007 shares in the last quarter. Institutional investors own 80.07% of the company’s stock.

Veeva Systems Stock Up 0.0 %

Shares of NYSE VEEV opened at $230.06 on Thursday. The firm has a 50-day simple moving average of $217.54 and a 200-day simple moving average of $201.77. The stock has a market capitalization of $37.04 billion, a price-to-earnings ratio of 71.45, a price-to-earnings-growth ratio of 2.37 and a beta of 0.74. Veeva Systems Inc. has a 52 week low of $160.21 and a 52 week high of $236.90.

Insider Activity

In other Veeva Systems news, EVP Alan Mateo sold 6,280 shares of the stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $190.00, for a total transaction of $1,193,200.00. Following the completion of the transaction, the executive vice president now owns 21,983 shares of the company’s stock, valued at $4,176,770. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Timothy S. Cabral sold 15,000 shares of Veeva Systems stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $226.04, for a total value of $3,390,600.00. Following the completion of the transaction, the director now owns 23,391 shares in the company, valued at $5,287,301.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alan Mateo sold 6,280 shares of Veeva Systems stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $190.00, for a total transaction of $1,193,200.00. Following the completion of the transaction, the executive vice president now owns 21,983 shares of the company’s stock, valued at approximately $4,176,770. The disclosure for this sale can be found here. Insiders sold 35,819 shares of company stock worth $7,420,283 over the last three months. Insiders own 10.98% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VEEV shares. Stifel Nicolaus lifted their price objective on shares of Veeva Systems from $205.00 to $250.00 and gave the company a “buy” rating in a report on Friday, March 1st. Royal Bank of Canada raised their target price on shares of Veeva Systems from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday, January 16th. KeyCorp boosted their price target on shares of Veeva Systems from $232.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Barclays boosted their price objective on shares of Veeva Systems from $240.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Finally, Truist Financial boosted their price objective on shares of Veeva Systems from $187.00 to $203.00 and gave the stock a “hold” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Veeva Systems currently has a consensus rating of “Moderate Buy” and an average price target of $231.90.

View Our Latest Stock Analysis on VEEV

Veeva Systems Profile

(Free Report)

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and data 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.

Further Reading

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Institutional Ownership by Quarter for Veeva Systems (NYSE:VEEV)

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