Columbia Trust Co 01012016 Acquires 587 Shares of Veeva Systems Inc. (NYSE:VEEV)

Columbia Trust Co 01012016 increased its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 25.1% during the fourth quarter, HoldingsChannel reports. The firm owned 2,922 shares of the technology company’s stock after buying an additional 587 shares during the period. Columbia Trust Co 01012016’s holdings in Veeva Systems were worth $563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in Veeva Systems during the third quarter valued at $25,000. Rise Advisors LLC increased its position in Veeva Systems by 424.0% during the third quarter. Rise Advisors LLC now owns 131 shares of the technology company’s stock valued at $27,000 after acquiring an additional 106 shares during the last quarter. Operose Advisors LLC purchased a new stake in Veeva Systems during the third quarter valued at $29,000. Resurgent Financial Advisors LLC purchased a new stake in Veeva Systems during the fourth quarter valued at $33,000. Finally, Parkside Financial Bank & Trust increased its position in Veeva Systems by 81.9% in the third quarter. Parkside Financial Bank & Trust now owns 171 shares of the technology company’s stock worth $35,000 after buying an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Needham & Company LLC upped their price target on Veeva Systems from $220.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. KeyCorp upped 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. Royal Bank of Canada restated an “outperform” rating and issued a $250.00 price target on shares of Veeva Systems in a research report on Wednesday. Stifel Nicolaus increased their target price on Veeva Systems from $205.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Finally, Truist Financial increased their target price on Veeva Systems from $187.00 to $203.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $234.90.

Insider Activity

In other news, Director Timothy S. Cabral sold 15,000 shares of the 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 sale, the director now directly owns 23,391 shares in the company, valued at $5,287,301.64. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Veeva Systems news, Director Timothy S. Cabral sold 15,000 shares of the firm’s stock in a transaction on 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 transaction, the director now directly 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 at the SEC website. Also, EVP Alan Mateo sold 910 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $204.72, for a total value of $186,295.20. Following the transaction, the executive vice president now owns 21,983 shares in the company, valued at $4,500,359.76. The disclosure for this sale can be found here. Insiders sold 29,498 shares of company stock valued at $6,219,253 in the last ninety days. Insiders own 10.98% of the company’s stock.

Veeva Systems Price Performance

NYSE:VEEV opened at $233.53 on Thursday. The firm has a market capitalization of $37.60 billion, a price-to-earnings ratio of 72.52, a PEG ratio of 2.35 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 simple moving average of $219.45 and a 200-day simple moving average of $201.94.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.11. The business had revenue of $630.62 million during the quarter, compared to analyst estimates of $620.75 million. Veeva Systems had a return on equity of 11.26% and a net margin of 22.24%. As a group, analysts expect 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 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.