Leelyn Smith LLC Has $1.58 Million Stock Holdings in Veeva Systems Inc. (NYSE:VEEV)

Leelyn Smith LLC lifted its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 8.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,512 shares of the technology company’s stock after purchasing an additional 584 shares during the quarter. Leelyn Smith LLC’s holdings in Veeva Systems were worth $1,577,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VEEV. Advisors Asset Management Inc. acquired a new stake in Veeva Systems in the 1st quarter worth approximately $28,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Veeva Systems in the third quarter valued at approximately $26,000. Blue Trust Inc. lifted its stake in shares of Veeva Systems by 3,460.0% in the second quarter. Blue Trust Inc. now owns 178 shares of the technology company’s stock worth $33,000 after buying an additional 173 shares during the last quarter. DT Investment Partners LLC bought a new stake in shares of Veeva Systems during the 2nd quarter worth $35,000. Finally, Fairscale Capital LLC bought a new stake in shares of Veeva Systems during the 2nd quarter worth $46,000. Institutional investors own 88.20% of the company’s stock.

Veeva Systems Stock Performance

NYSE VEEV opened at $216.59 on Friday. Veeva Systems Inc. has a 52 week low of $165.12 and a 52 week high of $240.68. The stock’s 50 day moving average price is $214.54 and its two-hundred day moving average price is $201.19. The stock has a market capitalization of $35.07 billion, a price-to-earnings ratio of 57.76, a PEG ratio of 2.07 and a beta of 0.81.

Veeva Systems (NYSE:VEEV) last announced 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 for the quarter, compared to analyst estimates of $667.21 million. Veeva Systems had a net margin of 23.91% and a return on equity of 13.30%. On average, equities research analysts forecast that Veeva Systems Inc. will post 4.21 EPS for the current year.

Analysts Set New Price Targets

VEEV has been the subject of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $260.00 target price on shares of Veeva Systems in a research report on Friday, November 8th. Raymond James boosted their price objective on Veeva Systems from $230.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Guggenheim increased their target price on Veeva Systems from $233.00 to $249.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. UBS Group lifted their price target on Veeva Systems from $185.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Finally, Robert W. Baird reduced their price objective on Veeva Systems from $251.00 to $245.00 and set an “outperform” rating for the company in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, Veeva Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.92.

Insider Buying and Selling at Veeva Systems

In other news, insider Thomas D. Schwenger sold 1,126 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were 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 approximately $6,483,390.13. This represents a 4.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.