HB Wealth Management LLC Has $387,000 Stock Holdings in Veeva Systems Inc. (NYSE:VEEV)

HB Wealth Management LLC lessened its holdings in Veeva Systems Inc. (NYSE:VEEV) by 15.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,008 shares of the technology company’s stock after selling 362 shares during the period. HB Wealth Management LLC’s holdings in Veeva Systems were worth $387,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. OFI Invest Asset Management acquired a new stake in Veeva Systems during the third quarter valued at $25,000. Rise Advisors LLC boosted 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 purchasing an additional 106 shares during the last quarter. Operose Advisors LLC acquired a new stake in Veeva Systems during the third quarter valued at $29,000. Resurgent Financial Advisors LLC acquired a new stake in Veeva Systems during the fourth quarter valued at $33,000. Finally, Parkside Financial Bank & Trust boosted its position in Veeva Systems by 81.9% during the third quarter. Parkside Financial Bank & Trust now owns 171 shares of the technology company’s stock valued at $35,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Insiders Place Their Bets

In other Veeva Systems news, Director Timothy S. Cabral sold 15,000 shares of the 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 filing with the SEC, which is available through the SEC website. In other news, Director Timothy S. Cabral sold 15,000 shares of the firm’s stock in a transaction dated 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 completion of 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Thomas D. Schwenger sold 1,238 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $210.02, for a total value of $260,004.76. Following the completion of the transaction, the chief operating officer now owns 24,342 shares of the company’s stock, valued at approximately $5,112,306.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,498 shares of company stock worth $6,219,253. Corporate insiders own 10.98% of the company’s stock.

Veeva Systems Price Performance

VEEV stock opened at $233.53 on Thursday. The company has a 50 day moving average price of $219.45 and a 200 day moving average price of $201.94. The stock has a market capitalization of $37.60 billion, a PE ratio of 72.52, a price-to-earnings-growth ratio of 2.32 and a beta of 0.74. Veeva Systems Inc. has a fifty-two week low of $160.21 and a fifty-two week high of $236.90.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Thursday, February 29th. The technology company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.11. Veeva Systems had a net margin of 22.24% and a return on equity of 11.59%. The business had revenue of $630.62 million during the quarter, compared to analysts’ expectations of $620.75 million. As a group, equities analysts expect that Veeva Systems Inc. will post 4.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VEEV has been the topic of a number of recent analyst reports. StockNews.com lowered Veeva Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. The Goldman Sachs Group boosted their price target on Veeva Systems from $219.00 to $248.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Stifel Nicolaus boosted their price target on Veeva Systems from $205.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Citigroup boosted their price target on Veeva Systems from $240.00 to $264.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, Barclays boosted their price target on Veeva Systems from $240.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $234.90.

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 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.