Capital A Wealth Management LLC Has $243,000 Holdings in Veeva Systems Inc. (NYSE:VEEV)

Capital A Wealth Management LLC decreased its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 13.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,049 shares of the technology company’s stock after selling 161 shares during the quarter. Capital A Wealth Management LLC’s holdings in Veeva Systems were worth $243,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Leigh Baldwin & CO. LLC bought a new stake in shares of Veeva Systems during the 4th quarter worth approximately $685,355,000. Norges Bank acquired a new position in Veeva Systems during the fourth quarter valued at approximately $294,785,000. Stockbridge Partners LLC acquired a new position in Veeva Systems during the fourth quarter valued at approximately $137,260,000. Marshall Wace LLP lifted its stake in Veeva Systems by 413.3% during the fourth quarter. Marshall Wace LLP now owns 638,380 shares of the technology company’s stock worth $134,219,000 after purchasing an additional 514,004 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Veeva Systems by 17.5% in the 4th quarter. JPMorgan Chase & Co. now owns 3,005,633 shares of the technology company’s stock valued at $631,935,000 after purchasing an additional 447,041 shares in the last quarter. 88.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Veeva Systems

In other Veeva Systems news, Director Timothy S. Cabral sold 315 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $289.72, for a total transaction of $91,261.80. Following the completion of the sale, the director directly owned 5,500 shares in the company, valued at approximately $1,593,460. This trade represents a 5.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jonathan Faddis sold 720 shares of the business’s stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $285.62, for a total value of $205,646.40. Following the completion of the transaction, the senior vice president directly owned 7,902 shares in the company, valued at $2,256,969.24. This represents a 8.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,378 shares of company stock worth $394,217 over the last quarter. Company insiders own 10.30% of the company’s stock.

Veeva Systems Price Performance

Shares of VEEV opened at $279.23 on Wednesday. The business has a 50-day moving average of $267.94 and a 200-day moving average of $240.44. The company has a market capitalization of $45.63 billion, a price-to-earnings ratio of 59.16, a price-to-earnings-growth ratio of 2.24 and a beta of 0.98. Veeva Systems Inc. has a 1 year low of $177.41 and a 1 year high of $291.69.

Veeva Systems (NYSE:VEEV) last released its earnings results on Wednesday, May 28th. The technology company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.23. The business had revenue of $759.04 million during the quarter, compared to the consensus estimate of $728.38 million. Veeva Systems had a net margin of 27.34% and a return on equity of 13.96%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.50 EPS. As a group, sell-side analysts anticipate that Veeva Systems Inc. will post 4.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VEEV. Barclays boosted their price target on Veeva Systems from $285.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, May 29th. Raymond James Financial boosted their target price on Veeva Systems from $285.00 to $310.00 and gave the stock an “outperform” rating in a research note on Thursday, May 29th. Morgan Stanley raised their price target on shares of Veeva Systems from $201.00 to $210.00 and gave the company an “underweight” rating in a research note on Thursday, May 29th. Citigroup lifted their price target on shares of Veeva Systems from $265.00 to $329.00 and gave the company a “buy” rating in a report on Friday, May 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Veeva Systems from $218.00 to $249.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $274.17.

About Veeva Systems

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.