Crossmark Global Holdings Inc. Sells 87 Shares of Veeva Systems Inc. (NYSE:VEEV)

Crossmark Global Holdings Inc. trimmed its holdings in Veeva Systems Inc. (NYSE:VEEV) by 6.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,182 shares of the technology company’s stock after selling 87 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Veeva Systems were worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Avantax Advisory Services Inc. bought a new stake in Veeva Systems in the first quarter worth $369,000. Orion Portfolio Solutions LLC grew its position in Veeva Systems by 7.9% during the 1st quarter. Orion Portfolio Solutions LLC now owns 7,614 shares of the technology company’s stock valued at $1,764,000 after purchasing an additional 560 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Veeva Systems by 16.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,091 shares of the technology company’s stock valued at $1,643,000 after purchasing an additional 1,020 shares in the last quarter. UniSuper Management Pty Ltd raised its holdings in Veeva Systems by 100.0% in the first quarter. UniSuper Management Pty Ltd now owns 2,200 shares of the technology company’s stock worth $510,000 after buying an additional 1,100 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in shares of Veeva Systems by 46.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 132,760 shares of the technology company’s stock worth $30,786,000 after buying an additional 42,396 shares in the last quarter. 88.20% of the stock is currently owned by institutional investors.

Veeva Systems Stock Performance

NYSE VEEV opened at $213.68 on Tuesday. The stock has a 50 day moving average price of $215.19 and a 200-day moving average price of $200.89. Veeva Systems Inc. has a one year low of $165.12 and a one year high of $240.68. The company has a market capitalization of $34.60 billion, a P/E ratio of 56.98, a P/E/G ratio of 2.06 and a beta of 0.81.

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

Insider Activity at Veeva Systems

In other news, SVP Jonathan Faddis sold 2,353 shares of the 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 sale, the senior vice president now directly owns 9,035 shares in the company, valued at approximately $1,807,000. This represents a 20.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas D. Schwenger sold 1,126 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $240.01, for a total value of $270,251.26. Following the sale, the insider now directly owns 27,013 shares of the company’s stock, valued at $6,483,390.13. This represents a 4.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Veeva Systems from $203.00 to $208.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. UBS Group increased their price objective on Veeva Systems from $185.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Piper Sandler boosted their target price on Veeva Systems from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Citigroup raised their price target on shares of Veeva Systems from $256.00 to $273.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Finally, Raymond James boosted their price objective on shares of Veeva Systems from $230.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $236.92.

Veeva Systems 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.