$0.25 EPS Expected for Veeva Systems Inc. (VEEV)

August 13, 2018 - By Brian Ramirez

Veeva Systems Inc. (NYSE:VEEV) LogoInvestors sentiment increased to 1.4 in Q1 2018. Its up 0.34, from 1.06 in 2017Q4. It improved, as 25 investors sold Veeva Systems Inc. shares while 104 reduced holdings. 79 funds opened positions while 102 raised stakes. 99.65 million shares or 1.56% more from 98.12 million shares in 2017Q4 were reported.
Sei Invests Company has 0.06% invested in Veeva Systems Inc. (NYSE:VEEV) for 202,887 shares. 108,930 were accumulated by Stifel Finance. Optimum Advisors invested in 0% or 100 shares. Amalgamated Bancshares invested in 0.05% or 23,588 shares. Thrivent For Lutherans holds 212,284 shares or 0.05% of its portfolio. Natl Bank Of Mellon accumulated 0.01% or 643,569 shares. Hawaii-based C M Bidwell & Ltd has invested 0.26% in Veeva Systems Inc. (NYSE:VEEV). Quantitative Investment Mgmt Ltd Liability Corp has invested 0.27% in Veeva Systems Inc. (NYSE:VEEV). Regions Corp holds 284 shares. 101,906 are held by Teacher Retirement Systems Of Texas. Earnest Partners Ltd Co holds 0% in Veeva Systems Inc. (NYSE:VEEV) or 16 shares. Los Angeles Cap Mngmt Equity Research Inc has 0.19% invested in Veeva Systems Inc. (NYSE:VEEV) for 456,911 shares. Neuberger Berman Gru Ltd Liability holds 280,536 shares. Shell Asset Management Company owns 4,714 shares or 0.01% of their US portfolio. Aqr Cap Management Llc accumulated 162,238 shares.

Since February 14, 2018, it had 0 insider buys, and 30 sales for $25.18 million activity. $898,280 worth of stock was sold by Wallach Matthew J on Wednesday, April 18. $798,647 worth of Veeva Systems Inc. (NYSE:VEEV) was sold by CODD RONALD E F. On Wednesday, March 21 the insider SEKHRI PAUL J sold $83,610. Shares for $155,773 were sold by BARABE TIMOTHY C on Thursday, March 8. 2,875 shares were sold by Lequient Frederic, worth $206,202 on Thursday, March 1. Another trade for 50,000 shares valued at $4.09 million was sold by Cabral Timothy S.

Analysts expect Veeva Systems Inc. (NYSE:VEEV) to report $0.25 EPS on August, 23 after the close.They anticipate $0.10 EPS change or 66.67 % from last quarter’s $0.15 EPS. VEEV’s profit would be $35.86 million giving it 83.51 P/E if the $0.25 EPS is correct. After having $0.23 EPS previously, Veeva Systems Inc.’s analysts see 8.70 % EPS growth. The stock increased 0.58% or $0.48 during the last trading session, reaching $83.51. About 448,152 shares traded. Veeva Systems Inc. (NYSE:VEEV) has risen 24.78% since August 13, 2017 and is uptrending. It has outperformed by 12.21% the S&P500.

Veeva Systems Inc. (NYSE:VEEV) Ratings Coverage

Among 10 analysts covering Veeva Systems (NYSE:VEEV), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Veeva Systems had 14 analyst reports since February 28, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Friday, May 25 by Canaccord Genuity. The rating was maintained by Morgan Stanley on Thursday, March 1 with “Overweight”. J.P. Morgan downgraded the stock to “Hold” rating in Friday, March 9 report. As per Friday, March 2, the company rating was maintained by KeyBanc Capital Markets. The stock of Veeva Systems Inc. (NYSE:VEEV) has “Buy” rating given on Wednesday, February 28 by Canaccord Genuity. As per Wednesday, June 27, the company rating was maintained by Morgan Stanley. Deutsche Bank maintained Veeva Systems Inc. (NYSE:VEEV) on Friday, May 25 with “Hold” rating. Canaccord Genuity maintained Veeva Systems Inc. (NYSE:VEEV) rating on Friday, April 13. Canaccord Genuity has “Buy” rating and $7500 target. The firm has “Overweight” rating given on Friday, May 25 by Morgan Stanley. The rating was maintained by Stifel Nicolaus on Wednesday, February 28 with “Buy”.

Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company has market cap of $11.98 billion. The firm offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, which allow pharmaceutical and biotechnology companies to target and support sales and marketing to physicians, other healthcare professionals, and healthcare organizations through various touch points, including in-person, email, and online; and Veeva Vault, a cloud enterprise content management platform and suite of applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, and quality. It has a 86.09 P/E ratio. It also provides Veeva Network master data management solutions for the management of customer master and product master data.

More recent Veeva Systems Inc. (NYSE:VEEV) news were published by: Businesswire.com which released: “Leading Companies Make Switch to Veeva OpenData to Deliver Accurate Data Faster to Field Teams” on July 26, 2018. Also Businesswire.com published the news titled: “Samsung BioLogics Streamlines Quality Document Management Globally With Veeva Vault QualityDocs” on July 18, 2018. Nasdaq.com‘s news article titled: “New Research Coverage Highlights Federated Investors, SailPoint Technologies, Quidel, L3 Technologies, Pentair plc …” with publication date: July 31, 2018 was also an interesting one.

Veeva Systems Inc. (NYSE:VEEV) Institutional Positions Chart

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