Veeva Systems Inc. (NYSE:VEEV) Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. lowered its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 33.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,675 shares of the technology company’s stock after selling 850 shares during the period. Bard Financial Services Inc.’s holdings in Veeva Systems were worth $352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Quent Capital LLC lifted its stake in Veeva Systems by 794.1% during the third quarter. Quent Capital LLC now owns 304 shares of the technology company’s stock valued at $64,000 after purchasing an additional 270 shares during the last quarter. Goelzer Investment Management Inc. acquired a new stake in Veeva Systems during the third quarter valued at approximately $1,508,000. Rockland Trust Co. lifted its stake in Veeva Systems by 6.3% during the third quarter. Rockland Trust Co. now owns 107,442 shares of the technology company’s stock valued at $22,549,000 after purchasing an additional 6,385 shares during the last quarter. SG Americas Securities LLC lifted its stake in Veeva Systems by 667.4% during the third quarter. SG Americas Securities LLC now owns 5,594 shares of the technology company’s stock valued at $1,174,000 after purchasing an additional 4,865 shares during the last quarter. Finally, Centaurus Financial Inc. lifted its stake in Veeva Systems by 69.2% during the second quarter. Centaurus Financial Inc. now owns 1,042 shares of the technology company’s stock valued at $191,000 after purchasing an additional 426 shares during the last quarter. Institutional investors own 88.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. BTIG Research assumed coverage on shares of Veeva Systems in a research report on Tuesday, July 9th. They issued a “buy” rating and a $240.00 price target for the company. Guggenheim upped their price target on shares of Veeva Systems from $233.00 to $249.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Royal Bank of Canada restated an “outperform” rating and issued a $250.00 price target on shares of Veeva Systems in a research report on Thursday, August 29th. Piper Sandler upped their price target on shares of Veeva Systems from $225.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Finally, Barclays upped their price target on shares of Veeva Systems from $220.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Veeva Systems currently has an average rating of “Moderate Buy” and a consensus target price of $230.65.

Veeva Systems Trading Up 0.1 %

NYSE:VEEV traded up $0.14 during mid-day trading on Friday, hitting $204.67. 467,992 shares of the company’s stock traded hands, compared to its average volume of 961,835. The firm has a 50 day moving average of $203.71 and a two-hundred day moving average of $200.08. Veeva Systems Inc. has a 12 month low of $162.72 and a 12 month high of $236.90. The firm has a market capitalization of $33.09 billion, a price-to-earnings ratio of 60.37, a price-to-earnings-growth ratio of 2.02 and a beta of 0.81.

Veeva Systems (NYSE:VEEV) last announced its earnings results on Wednesday, August 28th. The technology company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.03. Veeva Systems had a return on equity of 13.30% and a net margin of 23.91%. The firm had revenue of $676.18 million during the quarter, compared to the consensus estimate of $667.21 million. As a group, equities research analysts expect that Veeva Systems Inc. will post 4.21 earnings per share for the current year.

Insider Buying and Selling at Veeva Systems

In other Veeva Systems news, SVP Jonathan Faddis sold 2,353 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $200.00, for a total value of $470,600.00. Following the completion of the transaction, the senior vice president now owns 9,035 shares of the company’s stock, valued at $1,807,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 10.50% of the company’s stock.

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.