SG Americas Securities LLC Has $1.17 Million Stock Holdings in Veeva Systems Inc. (NYSE:VEEV)

SG Americas Securities LLC boosted its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 667.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,594 shares of the technology company’s stock after purchasing an additional 4,865 shares during the quarter. SG Americas Securities LLC’s holdings in Veeva Systems were worth $1,174,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Veeva Systems by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 14,150,070 shares of the technology company’s stock worth $3,278,430,000 after buying an additional 991,208 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Veeva Systems by 9.0% during the 1st quarter. Van ECK Associates Corp now owns 1,934,150 shares of the technology company’s stock valued at $448,123,000 after purchasing an additional 159,085 shares in the last quarter. TD Asset Management Inc grew its position in shares of Veeva Systems by 17.5% in the 1st quarter. TD Asset Management Inc now owns 1,227,223 shares of the technology company’s stock valued at $284,335,000 after purchasing an additional 182,762 shares during the period. Swedbank AB increased its stake in Veeva Systems by 4.9% during the 2nd quarter. Swedbank AB now owns 1,031,064 shares of the technology company’s stock worth $188,695,000 after purchasing an additional 48,402 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Veeva Systems by 1,122.3% during the 2nd quarter. Principal Financial Group Inc. now owns 912,223 shares of the technology company’s stock worth $166,946,000 after buying an additional 837,593 shares during the period. Institutional investors own 88.20% of the company’s stock.

Veeva Systems Price Performance

NYSE VEEV opened at $206.96 on Thursday. The company has a fifty day moving average price of $204.13 and a 200-day moving average price of $199.47. The firm has a market cap of $33.51 billion, a price-to-earnings ratio of 60.31, a PEG ratio of 1.99 and a beta of 0.81. Veeva Systems Inc. has a 1 year low of $162.72 and a 1 year high of $236.90.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Wednesday, August 28th. The technology company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.03. The business had revenue of $676.18 million for the quarter, compared to analysts’ expectations of $667.21 million. Veeva Systems had a return on equity of 13.30% and a net margin of 23.91%. On average, research analysts anticipate that Veeva Systems Inc. will post 4.21 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on VEEV shares. 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 report on Thursday, August 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 target price on shares of Veeva Systems in a report on Thursday, August 29th. Guggenheim lifted their price target on Veeva Systems from $233.00 to $249.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. TD Cowen upped their price objective on Veeva Systems from $180.00 to $192.00 and gave the stock a “hold” rating in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Veeva Systems from $203.00 to $208.00 and gave the company a “neutral” rating in a report on Monday, September 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $232.96.

Insider Buying and Selling at Veeva Systems

In related news, SVP Jonathan Faddis sold 2,353 shares of Veeva Systems stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $200.00, for a total value of $470,600.00. Following the sale, the senior vice president now owns 9,035 shares of the company’s stock, valued at approximately $1,807,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 10.50% of the company’s stock.

Veeva Systems Company Profile

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.