Bokf Na increased its holdings in Veeva Systems Inc (NYSE:VEEV) by 27.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,078 shares of the technology company’s stock after acquiring an additional 6,118 shares during the period. Bokf Na’s holdings in Veeva Systems were worth $2,508,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. RMB Capital Management LLC bought a new position in shares of Veeva Systems during the 4th quarter valued at approximately $357,000. Geode Capital Management LLC grew its position in shares of Veeva Systems by 15.9% during the 4th quarter. Geode Capital Management LLC now owns 1,307,248 shares of the technology company’s stock valued at $116,693,000 after acquiring an additional 179,262 shares during the period. Avalon Global Asset Management LLC grew its position in shares of Veeva Systems by 2.9% during the 4th quarter. Avalon Global Asset Management LLC now owns 88,100 shares of the technology company’s stock valued at $7,869,000 after acquiring an additional 2,500 shares during the period. Neuburgh Advisers LLC bought a new position in shares of Veeva Systems during the 4th quarter valued at approximately $250,000. Finally, California State Teachers Retirement System grew its position in shares of Veeva Systems by 4.7% during the 4th quarter. California State Teachers Retirement System now owns 201,029 shares of the technology company’s stock valued at $17,956,000 after acquiring an additional 9,106 shares during the period. Institutional investors own 77.73% of the company’s stock.
In other Veeva Systems news, SVP Jonathan Faddis sold 9,000 shares of the stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $88.24, for a total value of $794,160.00. Following the sale, the senior vice president now directly owns 10,073 shares in the company, valued at approximately $888,841.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eleni Nitsa Zuppas sold 3,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $115.03, for a total transaction of $345,090.00. Following the completion of the sale, the insider now owns 12,738 shares in the company, valued at $1,465,252.14. The disclosure for this sale can be found here. Insiders sold a total of 163,157 shares of company stock worth $16,952,836 over the last quarter. Corporate insiders own 15.97% of the company’s stock.
VEEV opened at $122.32 on Friday. The company has a market capitalization of $17.62 billion, a P/E ratio of 98.65, a price-to-earnings-growth ratio of 5.24 and a beta of 1.72. Veeva Systems Inc has a 12 month low of $68.11 and a 12 month high of $124.00.
Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Tuesday, February 26th. The technology company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.05. The company had revenue of $232.32 million during the quarter, compared to the consensus estimate of $227.15 million. Veeva Systems had a net margin of 26.66% and a return on equity of 17.65%. Veeva Systems’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same period last year, the firm earned $0.23 EPS. On average, analysts predict that Veeva Systems Inc will post 1.54 earnings per share for the current year.
VEEV has been the subject of a number of research reports. ValuEngine raised shares of Veeva Systems from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 4th. Morgan Stanley increased their target price on shares of Veeva Systems from $112.00 to $123.00 and gave the company an “overweight” rating in a research report on Monday, February 25th. Zacks Investment Research downgraded shares of Veeva Systems from a “buy” rating to a “hold” rating in a research report on Monday, February 18th. Stephens assumed coverage on shares of Veeva Systems in a research report on Wednesday, January 16th. They set an “equal weight” rating and a $113.00 target price for the company. Finally, Barclays assumed coverage on shares of Veeva Systems in a report on Wednesday, February 20th. They issued an “equal weight” rating and a $130.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $117.65.
COPYRIGHT VIOLATION WARNING: This article was posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The correct version of this article can be read at https://transcriptdaily.com/2019/03/15/bokf-na-has-2-51-million-position-in-veeva-systems-inc-veev.html.
Veeva Systems Company Profile
Veeva Systems, Inc engages in the provision of industry-specific, cloud-based software solutions for the life sciences industry. Its solutions enable pharmaceutical and other life sciences companies to realize the benefits of modern cloud-based architectures and mobile applications for their most critical business functions, without compromising industry-specific functionality or regulatory compliance.
Read More: Capital Gains
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.