Veeva Systems Inc. (NYSE:VEEV) Position Increased by Y.D. More Investments Ltd

Y.D. More Investments Ltd lifted its position in Veeva Systems Inc. (NYSE:VEEV) by 53.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 32,633 shares of the technology company’s stock after buying an additional 11,345 shares during the quarter. Y.D. More Investments Ltd’s holdings in Veeva Systems were worth $5,972,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. BNP Paribas Financial Markets grew its position in Veeva Systems by 127.8% during the 4th quarter. BNP Paribas Financial Markets now owns 68,041 shares of the technology company’s stock worth $13,099,000 after purchasing an additional 38,175 shares in the last quarter. AGF Management Ltd. purchased a new stake in shares of Veeva Systems in the fourth quarter valued at $357,000. Dimensional Fund Advisors LP boosted its position in shares of Veeva Systems by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 280,098 shares of the technology company’s stock worth $53,926,000 after buying an additional 14,062 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Veeva Systems by 10.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 69,218 shares of the technology company’s stock valued at $12,818,000 after buying an additional 6,505 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its position in Veeva Systems by 3.7% during the fourth quarter. Foundations Investment Advisors LLC now owns 2,250 shares of the technology company’s stock valued at $459,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 88.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VEEV. Needham & Company LLC restated a “buy” rating and set a $260.00 price objective on shares of Veeva Systems in a research report on Thursday, August 29th. Truist Financial boosted their price objective on shares of Veeva Systems from $197.00 to $207.00 and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Stifel Nicolaus dropped their price objective on shares of Veeva Systems from $250.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Bank of America lifted their target price on shares of Veeva Systems from $204.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Finally, Piper Sandler upped their price target on shares of Veeva Systems from $225.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $229.96.

Veeva Systems Stock Up 0.9 %

NYSE:VEEV opened at $223.90 on Thursday. The company’s 50 day moving average is $194.68 and its 200-day moving average is $201.95. Veeva Systems Inc. has a 12 month low of $162.72 and a 12 month high of $236.90. The firm has a market cap of $36.19 billion, a price-to-earnings ratio of 66.05, a P/E/G ratio of 2.11 and a beta of 0.81.

Insider Activity at Veeva Systems

In other Veeva Systems news, SVP Jonathan Faddis sold 2,353 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $200.00, for a total transaction of $470,600.00. Following the completion of the transaction, the senior vice president now owns 9,035 shares of the company’s stock, valued at approximately $1,807,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.50% of the stock is currently owned by company insiders.

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 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.