Meeder Advisory Services Inc. Has $481,000 Position in Veeva Systems Inc. (NYSE:VEEV)

Meeder Advisory Services Inc. increased its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 26.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,630 shares of the technology company’s stock after acquiring an additional 552 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Veeva Systems were worth $481,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VEEV. BOKF NA lifted its holdings in shares of Veeva Systems by 0.8% during the second quarter. BOKF NA now owns 15,497 shares of the technology company’s stock worth $2,836,000 after purchasing an additional 121 shares during the period. Cornercap Investment Counsel Inc. bought a new position in Veeva Systems during the 2nd quarter worth $2,055,000. Achmea Investment Management B.V. lifted its holdings in Veeva Systems by 17.1% during the 2nd quarter. Achmea Investment Management B.V. now owns 16,965 shares of the technology company’s stock worth $3,105,000 after buying an additional 2,478 shares during the period. Y.D. More Investments Ltd grew its position in shares of Veeva Systems by 53.3% in the 2nd quarter. Y.D. More Investments Ltd now owns 32,633 shares of the technology company’s stock valued at $5,972,000 after buying an additional 11,345 shares during the last quarter. Finally, Jupiter Asset Management Ltd. increased its stake in shares of Veeva Systems by 84.0% in the second quarter. Jupiter Asset Management Ltd. now owns 453,933 shares of the technology company’s stock valued at $83,074,000 after buying an additional 207,222 shares during the period. 88.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VEEV has been the topic of several analyst reports. Evercore ISI reduced their target price on Veeva Systems from $230.00 to $200.00 and set an “in-line” rating on the stock in a report on Friday, May 31st. Truist Financial upped their price objective on shares of Veeva Systems from $197.00 to $207.00 and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $250.00 target price on shares of Veeva Systems in a research note on Thursday, August 29th. UBS Group upped their price target on shares of Veeva Systems from $185.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Finally, Guggenheim lifted their price objective on Veeva Systems from $211.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Veeva Systems currently has an average rating of “Moderate Buy” and an average target price of $229.96.

Veeva Systems Price Performance

Shares of NYSE VEEV opened at $217.95 on Friday. The company has a 50-day moving average price of $196.14 and a 200-day moving average price of $201.88. The stock has a market capitalization of $35.23 billion, a P/E ratio of 64.29, a P/E/G ratio of 2.14 and a beta of 0.81. Veeva Systems Inc. has a 1 year low of $162.72 and a 1 year high of $236.90.

Insider Activity at Veeva Systems

In other Veeva Systems news, SVP Jonathan Faddis sold 2,353 shares of Veeva Systems stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $200.00, for a total transaction of $470,600.00. Following the completion of the transaction, the senior vice president now owns 9,035 shares in the company, valued at approximately $1,807,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.50% of the stock is owned by insiders.

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.