$0.25 EPS Expected for Veeva Systems Inc. (VEEV)

August 13, 2018 - By Marie Mckinney

Veeva Systems Inc. (NYSE:VEEV) LogoInvestors sentiment increased to 1.4 in Q1 2018. Its up 0.34, from 1.06 in 2017Q4. It improved, as 25 investors sold Veeva Systems Inc. shares while 104 reduced holdings. 79 funds opened positions while 102 raised stakes. 99.65 million shares or 1.56% more from 98.12 million shares in 2017Q4 were reported.
323,966 were accumulated by Sumitomo Mitsui. Commonwealth Bank & Trust Of Australia owns 100 shares or 0% of their US portfolio. Omers Administration Corporation holds 0.02% or 34,800 shares. 470 are owned by Tompkins Fincl Corporation. Lpl Finance Ltd Com owns 0% invested in Veeva Systems Inc. (NYSE:VEEV) for 19,060 shares. Oakbrook Invests Ltd Liability Corporation has 0.02% invested in Veeva Systems Inc. (NYSE:VEEV). Livforsakringsbolaget Skandia Omsesidigt invested in 2,100 shares or 0.01% of the stock. Exchange Cap Mgmt invested 0.7% in Veeva Systems Inc. (NYSE:VEEV). Jaffetilchin Investment Partners Limited Liability Com accumulated 4,468 shares. Champlain Prtn Ltd Com accumulated 1.11 million shares. Mirador Cap Prns Ltd Partnership has invested 0.28% in Veeva Systems Inc. (NYSE:VEEV). The Pennsylvania-based Twin Mgmt has invested 0.11% in Veeva Systems Inc. (NYSE:VEEV). Jefferies Gru Ltd Limited Liability Company invested in 45,245 shares or 0.02% of the stock. Jabre Cap Prtnrs Sa owns 8,500 shares for 0.13% of their portfolio. Hsbc Plc accumulated 12,077 shares.

Since February 14, 2018, it had 0 insider buys, and 30 insider sales for $25.18 million activity. Cabral Timothy S sold $1.91 million worth of Veeva Systems Inc. (NYSE:VEEV) on Wednesday, March 14. Shares for $47,018 were sold by Faddis Jonathan. The insider CODD RONALD E F sold $798,647. $43,772 worth of Veeva Systems Inc. (NYSE:VEEV) shares were sold by MATEO ALAN. The insider SEKHRI PAUL J sold 1,108 shares worth $83,610. BARABE TIMOTHY C also sold $54,356 worth of Veeva Systems Inc. (NYSE:VEEV) shares.

Analysts expect Veeva Systems Inc. (NYSE:VEEV) to report $0.25 EPS on August, 23 after the close.They anticipate $0.10 EPS change or 66.67 % from last quarter’s $0.15 EPS. VEEV’s profit would be $35.86 million giving it 83.51 P/E if the $0.25 EPS is correct. After having $0.23 EPS previously, Veeva Systems Inc.’s analysts see 8.70 % EPS growth. The stock increased 0.58% or $0.48 during the last trading session, reaching $83.51. About 448,152 shares traded. Veeva Systems Inc. (NYSE:VEEV) has risen 24.78% since August 13, 2017 and is uptrending. It has outperformed by 12.21% the S&P500.

Veeva Systems Inc. (NYSE:VEEV) Ratings Coverage

Among 10 analysts covering Veeva Systems (NYSE:VEEV), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Veeva Systems had 14 analyst reports since February 28, 2018 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets on Friday, March 2 with “Overweight”. On Friday, April 13 the stock rating was maintained by Canaccord Genuity with “Buy”. The company was maintained on Friday, May 25 by Canaccord Genuity. The stock has “Hold” rating by Deutsche Bank on Friday, May 25. JP Morgan downgraded the shares of VEEV in report on Friday, March 9 to “Neutral” rating. The stock has “Buy” rating by Canaccord Genuity on Wednesday, February 28. The stock of Veeva Systems Inc. (NYSE:VEEV) earned “Overweight” rating by Morgan Stanley on Friday, May 25. The stock has “Hold” rating by J.P. Morgan on Friday, March 9. Stifel Nicolaus maintained Veeva Systems Inc. (NYSE:VEEV) on Wednesday, February 28 with “Buy” rating. JMP Securities maintained it with “Market Outperform” rating and $80 target in Friday, March 23 report.

Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company has market cap of $11.98 billion. The firm offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, which allow pharmaceutical and biotechnology companies to target and support sales and marketing to physicians, other healthcare professionals, and healthcare organizations through various touch points, including in-person, email, and online; and Veeva Vault, a cloud enterprise content management platform and suite of applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, and quality. It has a 86.09 P/E ratio. It also provides Veeva Network master data management solutions for the management of customer master and product master data.

More recent Veeva Systems Inc. (NYSE:VEEV) news were published by: Businesswire.com which released: “Leading Companies Make Switch to Veeva OpenData to Deliver Accurate Data Faster to Field Teams” on July 26, 2018. Also Nasdaq.com published the news titled: “New Research Coverage Highlights Federated Investors, SailPoint Technologies, Quidel, L3 Technologies, Pentair plc …” on July 31, 2018. Businesswire.com‘s news article titled: “Samsung BioLogics Streamlines Quality Document Management Globally With Veeva Vault QualityDocs” with publication date: July 18, 2018 was also an interesting one.

Veeva Systems Inc. (NYSE:VEEV) Institutional Positions Chart

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