Fidelis Capital Partners LLC Invests $58,000 in Veeva Systems Inc. (NYSE:VEEV)

Fidelis Capital Partners LLC acquired a new position in shares of Veeva Systems Inc. (NYSE:VEEVFree Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 250 shares of the technology company’s stock, valued at approximately $58,000.

A number of other hedge funds have also recently bought and sold shares of the company. Linscomb & Williams Inc. acquired a new position in shares of Veeva Systems during the fourth quarter valued at $1,479,000. Robeco Institutional Asset Management B.V. lifted its position in Veeva Systems by 32.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 206,220 shares of the technology company’s stock valued at $365,000 after purchasing an additional 50,868 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of Veeva Systems by 703.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 15,594 shares of the technology company’s stock valued at $3,002,000 after purchasing an additional 13,654 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Veeva Systems by 5.2% during the 4th quarter. Nordea Investment Management AB now owns 163,247 shares of the technology company’s stock worth $31,730,000 after buying an additional 8,007 shares during the period. Finally, APG Asset Management US Inc. acquired a new stake in shares of Veeva Systems during the 4th quarter worth approximately $5,756,000. 88.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Truist Financial reduced their price objective on shares of Veeva Systems from $203.00 to $197.00 and set a “hold” rating on the stock in a research note on Friday, June 14th. Canaccord Genuity Group decreased their price objective on Veeva Systems from $220.00 to $210.00 and set a “hold” rating for the company in a research note on Friday, May 31st. Stifel Nicolaus cut their target price on Veeva Systems from $250.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. UBS Group decreased their target price on Veeva Systems from $235.00 to $185.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Finally, Robert W. Baird upped their price target on Veeva Systems from $251.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, May 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $228.52.

View Our Latest Stock Report on Veeva Systems

Veeva Systems Stock Performance

NYSE VEEV opened at $182.91 on Tuesday. Veeva Systems Inc. has a 52 week low of $162.72 and a 52 week high of $236.90. The stock’s 50 day moving average price is $192.51 and its two-hundred day moving average price is $205.24. The stock has a market capitalization of $29.57 billion, a price-to-earnings ratio of 53.96, a PEG ratio of 1.80 and a beta of 0.80.

Veeva Systems (NYSE:VEEVGet Free Report) last announced its quarterly earnings data on Thursday, May 30th. The technology company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.10. The business had revenue of $650.35 million for the quarter, compared to analyst estimates of $641.73 million. Veeva Systems had a net margin of 22.34% and a return on equity of 12.74%. On average, equities research analysts forecast that Veeva Systems Inc. will post 4.19 EPS for the current year.

Insider Transactions at Veeva Systems

In related news, SVP Jonathan Faddis sold 3,598 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $207.42, for a total transaction of $746,297.16. Following the sale, the senior vice president now owns 10,668 shares in the company, valued at $2,212,756.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Veeva Systems news, CFO Timothy S. Cabral sold 15,000 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $184.33, for a total value of $2,764,950.00. Following the completion of the sale, the chief financial officer now owns 8,391 shares in the company, valued at $1,546,713.03. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jonathan Faddis sold 3,598 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $207.42, for a total transaction of $746,297.16. Following the transaction, the senior vice president now owns 10,668 shares in the company, valued at $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 $4,192,363 in the last three months. Insiders own 10.50% of the company’s stock.

About Veeva Systems

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding VEEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Veeva Systems Inc. (NYSE:VEEVFree Report).

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

Receive News & Ratings for Veeva Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeva Systems and related companies with MarketBeat.com's FREE daily email newsletter.