NBC Securities Inc. Has $282,000 Stock Holdings in Veeva Systems Inc. (NYSE:VEEV)

NBC Securities Inc. raised its stake in Veeva Systems Inc. (NYSE:VEEV) by 8.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,347 shares of the technology company’s stock after purchasing an additional 104 shares during the period. NBC Securities Inc.’s holdings in Veeva Systems were worth $282,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Advisors Asset Management Inc. acquired a new position in Veeva Systems in the 1st quarter valued at about $28,000. Blue Trust Inc. grew its position 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 valued at $33,000 after purchasing an additional 173 shares during the last quarter. First Financial Corp IN bought a new position in shares of Veeva Systems during the first quarter worth approximately $35,000. DT Investment Partners LLC bought a new position in shares of Veeva Systems during the second quarter worth approximately $35,000. Finally, Larson Financial Group LLC lifted its holdings in Veeva Systems by 1,153.8% during the 1st quarter. Larson Financial Group LLC now owns 163 shares of the technology company’s stock worth $38,000 after purchasing an additional 150 shares during the last quarter. 88.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VEEV has been the topic of a number of research reports. Guggenheim upped their price objective on Veeva Systems from $233.00 to $249.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Bank of America upped their price target on shares of Veeva Systems from $204.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $250.00 price objective on shares of Veeva Systems in a research note on Thursday, August 29th. Truist Financial increased their target price on shares of Veeva Systems from $197.00 to $207.00 and gave the stock a “hold” rating in a research report on Tuesday, September 3rd. Finally, Robert W. Baird lifted their price target on shares of Veeva Systems from $245.00 to $251.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $232.96.

Insider Activity

In other news, SVP Jonathan Faddis sold 2,353 shares of the company’s 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 completion of the transaction, the senior vice president now owns 9,035 shares of the company’s stock, valued at $1,807,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 10.50% of the company’s stock.

Veeva Systems Price Performance

VEEV stock opened at $221.44 on Friday. Veeva Systems Inc. has a 1 year low of $162.72 and a 1 year high of $236.90. The stock has a market cap of $35.86 billion, a price-to-earnings ratio of 59.05, a P/E/G ratio of 2.05 and a beta of 0.81. The company has a 50 day simple moving average of $208.39 and a 200 day simple moving average of $198.89.

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

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.