November 23, 2016 - By Vivian Park
Stifel currently has a $48 target on the $5.63B market cap company or 8.99% upside potential. In a research note published on Wednesday, 23 November, Veeva Systems (NYSE:VEEV) stock had its “Buy” Rating reaffirmed by analysts at Stifel.
Out of 13 analysts covering Veeva Systems (NYSE:VEEV), 6 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 46% are positive. $45 is the highest target while $24 is the lowest. The $36.30 average target is -17.57% below today’s ($44.04) stock price. Veeva Systems has been the topic of 24 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The stock of Veeva Systems Inc (NYSE:VEEV) has “Buy” rating given on Monday, January 4 by Needham. Leerink Swann maintained it with “Market Perform” rating and $29 target price in Wednesday, November 25 report. The company was maintained on Friday, May 27 by Deutsche Bank. The stock of Veeva Systems Inc (NYSE:VEEV) has “Market Perform” rating given on Wednesday, August 24 by Raymond James. The rating was maintained by Needham with “Buy” on Wednesday, August 31. The firm earned “Neutral” rating on Friday, June 17 by Bank of America. Stifel Nicolaus maintained it with “Buy” rating and $43 target price in Wednesday, August 31 report. Canaccord Genuity maintained the stock with “Buy” rating in Wednesday, November 25 report. The stock has “Buy” rating given by Stifel Nicolaus on Friday, September 30. The rating was initiated by Citigroup with “Neutral” on Friday, October 30.
About 17,180 shares traded hands. Veeva Systems Inc (NYSE: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 Q2 2016. Its down 0.05, from 1.79 in 2016Q1. The ratio dropped, 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.
Us Bankshares De holds 0% of its portfolio in Veeva Systems Inc (NYSE:VEEV) for 37,701 shares. Royal Comml Bank Of Canada accumulated 33,573 shares or 0% of the stock. Alliancebernstein Ltd Partnership holds 0% or 55,490 shares in its portfolio. Babson Mngmt holds 18,400 shares or 0.02% of its portfolio. The California-based Schwab Charles Invest Management has invested 0.01% in Veeva Systems Inc (NYSE:VEEV). Quantitative Inv Management Lc holds 0.12% or 75,500 shares in its portfolio. Moreover, California State Teachers Retirement has 0.01% invested in Veeva Systems Inc (NYSE:VEEV) for 203,119 shares. Eam Lc holds 78,089 shares or 0.4% of its portfolio. Lpl Financial Lc owns 6,300 shares or 0% of their US portfolio. Voya Investment Ltd Co has invested 0% of its portfolio in Veeva Systems Inc (NYSE:VEEV). Credit Suisse Ag holds 0.01% or 158,363 shares in its portfolio. Bancshares Of Montreal Can accumulated 0% or 33,977 shares. Engineers Gate Manager Limited Partnership last reported 172,722 shares in the company. Raymond James accumulated 41,008 shares or 0% of the stock. M&T Fincl Bank Corporation accumulated 7,253 shares or 0% of the stock.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 37 sales for $35.72 million net activity. The insider Zuppas Eleni Nitsa sold 18,917 shares worth $637,085. 41,875 shares were sold by Cabral Timothy S, worth $1.46 million on Wednesday, June 8. The insider Wallach Matthew J sold $3.05M. 500 Veeva Systems Inc (NYSE:VEEV) shares with value of $20,155 were sold by Faddis Jonathan. The insider Ritter Gordon sold $718,297. Lequient Frederic sold 3,092 shares worth $119,788. $663,714 worth of Veeva Systems Inc (NYSE:VEEV) was sold by SEKHRI PAUL J on Tuesday, October 11.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Vivian Park