November 23, 2016 - By Adrian Mccoy
They currently have a $48.0 PT on Veeva Systems (VEEV). Canaccord’s target would suggest a potential upside of 15.50% from the company’s last close price. This was disclosed in an analyst note on Wednesday morning.
Out of 3 analysts covering Veeva Systems (VEEV), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $43.0 is the highest target while $43.0 is the lowest. The $43 average target is -1.60% below today’s ($43.7) stock price. Veeva Systems has been the topic of 3 analyst reports since August 31, 2016 according to StockzIntelligence Inc. The stock of Veeva Systems Inc (NYSE:VEEV) has “Neutral” rating given on Tuesday, October 4 by Goldman Sachs. The firm earned “Buy” rating on Wednesday, August 31 by Needham. The stock of Veeva Systems Inc (NYSE:VEEV) earned “Buy” rating by Stifel Nicolaus on Wednesday, August 31.
About 7,784 shares traded hands. Veeva Systems Inc (VEEV) has risen 55.89% since April 21, 2016 and is uptrending. It has outperformed by 50.56% the S&P500.
Insitutional Activity: The institutional sentiment decreased to 1.74 in 2016 Q2. Its down 0.05, from 1.79 in 2016Q1. The ratio dived, as 18 funds sold all Veeva Systems Inc shares owned while 50 reduced positions. 48 funds bought stakes while 74 increased positions. They now own 92.06 million shares or 3.74% more from 88.74 million shares in 2016Q1.
Pub Employees Retirement Association Of Colorado last reported 0.01% of its portfolio in the stock. Cupps Cap Mngmt Lc, a Illinois-based fund reported 28,070 shares. Ellington Mgmt Grp Inc Ltd Liability Com holds 0.28% or 5,900 shares in its portfolio. Paloma Prtnrs Mngmt last reported 0.02% of its portfolio in the stock. The Manitoba – Canada-based Great West Life Assurance Can has invested 0% in Veeva Systems Inc (NYSE:VEEV). Whittier Tru Of Nevada has invested 0.05% of its portfolio in Veeva Systems Inc (NYSE:VEEV). The Pennsylvania-based Mycio Wealth Ptnrs Limited Liability Corporation has invested 0% in Veeva Systems Inc (NYSE:VEEV). Amalgamated Bank has invested 0.03% of its portfolio in Veeva Systems Inc (NYSE:VEEV). Citadel Advisors Limited Liability Co holds 0.01% or 149,478 shares in its portfolio. Goldman Sachs Grp has 2.53M shares for 0.03% of their US portfolio. Moreover, Fmr Ltd Liability Corporation has 0% invested in Veeva Systems Inc (NYSE:VEEV) for 670,623 shares. Trexquant Investment Ltd Partnership has 10,288 shares for 0.05% of their US portfolio. Brown Capital Management Limited Liability Corporation last reported 7.24 million shares in the company. Moreover, Highbridge Management Limited Liability Corp has 0.02% invested in Veeva Systems Inc (NYSE:VEEV) for 34,768 shares. Clinton holds 44,899 shares or 0.07% of its portfolio.
Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 37 insider sales for $35.72 million net activity. The insider SEKHRI PAUL J sold 17,593 shares worth $663,714. Another trade for 2,716 shares valued at $108,368 was sold by Mateo Alan. $2.92 million worth of Veeva Systems Inc (NYSE:VEEV) was sold by Wallach Matthew J. Faddis Jonathan sold $15,228 worth of stock. On Monday, July 11 Ritter Gordon sold $1.67M worth of the stock or 44,800 shares. Cabral Timothy S sold $1.76 million worth of stock. Another trade for 2,000 shares valued at $81,000 was made by CODD RONALD E F on Tuesday, September 6.
Veeva Systems Inc. is a provider of cloud software solutions for the global life sciences industry. The company has a market cap of $5.63 billion. The Firm offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data. It has a 107.34 P/E ratio.
According to Zacks Investment Research, “Veeva Systems Inc. operates as a provider of industry-specific, cloud-based software solutions for the life sciences industry. It offers enterprise applications, a multichannel platform, customer relationship management, and content management solutions. The Company provides its solutions to pharmaceutical, animal health, and biotechnology companies. Veeva Systems Inc. is headquartered in Pleasanton, California.”
Veeva Systems Inc. (Veeva), incorporated on January 12, 2007, is a well-known provider of cloud software solutions for the global life sciences industry. The Firm offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data. The Firm offers solutions to areas, including the Veeva CRM family of applications for multichannel customer relationship management to enable coordinated and personalized customer engagement through multiple touch points; Veeva Vault for regulated content management and information management solutions to enable the management of content-centric processes; the Veeva Network master data management solutions for the management of customer master and product master data, and Veeva’s data and data services offerings, including Veeva OpenData for customer reference data and Veeva KOL Data for data.
More news for Veeva Systems Inc (NYSE:VEEV) were recently published by: Nasdaq.com, which released: “Earnings Reaction History: Veeva Systems Inc., 60.0% Follow-Through Indicator …” on November 22, 2016. Zacks.com‘s article titled: “Can Veeva Systems (VEEV) Pull a Surprise in Q3 Earnings?” and published on November 17, 2016 is yet another important article.
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By Adrian Mccoy