Veeva Systems Inc. (NYSE:VEEV) Stock Position Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in Veeva Systems Inc. (NYSE:VEEV) by 8.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,144 shares of the technology company’s stock after selling 288 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Veeva Systems were worth $661,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its position in Veeva Systems by 72.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the technology company’s stock worth $25,000 after buying an additional 50 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in shares of Veeva Systems during the 4th quarter worth about $25,000. True Wealth Design LLC increased its holdings in shares of Veeva Systems by 3,375.0% during the 3rd quarter. True Wealth Design LLC now owns 139 shares of the technology company’s stock valued at $29,000 after acquiring an additional 135 shares during the last quarter. Avion Wealth raised its stake in shares of Veeva Systems by 635.0% in the 4th quarter. Avion Wealth now owns 147 shares of the technology company’s stock valued at $30,000 after acquiring an additional 127 shares in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new stake in Veeva Systems in the 4th quarter worth approximately $31,000. Institutional investors own 88.20% of the company’s stock.

Veeva Systems Stock Up 4.6 %

NYSE VEEV opened at $247.10 on Monday. The stock has a market cap of $40.12 billion, a P/E ratio of 61.01, a PEG ratio of 1.89 and a beta of 0.88. Veeva Systems Inc. has a twelve month low of $170.25 and a twelve month high of $258.93. The company’s 50-day simple moving average is $224.92 and its 200 day simple moving average is $220.34.

Analyst Upgrades and Downgrades

VEEV has been the topic of several analyst reports. Scotiabank increased their price target on Veeva Systems from $240.00 to $245.00 and gave the company a “sector perform” rating in a report on Thursday. StockNews.com upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating in a report on Monday, February 17th. JPMorgan Chase & Co. boosted their target price on shares of Veeva Systems from $208.00 to $218.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. KeyCorp lowered their price target on Veeva Systems from $285.00 to $255.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Barclays boosted their price objective on Veeva Systems from $260.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $255.28.

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.