Schroder Investment Management Group Trims Stock Position in Veeva Systems Inc. (NYSE:VEEV)

Schroder Investment Management Group decreased its position in shares of Veeva Systems Inc. (NYSE:VEEVFree Report) by 13.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 172,857 shares of the technology company’s stock after selling 27,304 shares during the period. Schroder Investment Management Group owned 0.11% of Veeva Systems worth $33,278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of VEEV. Operose Advisors LLC acquired a new position in Veeva Systems during the third quarter worth approximately $29,000. DSM Capital Partners LLC acquired a new stake in shares of Veeva Systems in the fourth quarter worth $29,000. Parkside Financial Bank & Trust increased its position in shares of Veeva Systems by 81.9% in the third quarter. Parkside Financial Bank & Trust now owns 171 shares of the technology company’s stock worth $35,000 after acquiring an additional 77 shares in the last quarter. American National Bank acquired a new stake in shares of Veeva Systems in the fourth quarter worth $36,000. Finally, Atticus Wealth Management LLC grew its holdings in Veeva Systems by 500.0% during the 3rd quarter. Atticus Wealth Management LLC now owns 180 shares of the technology company’s stock valued at $37,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Veeva Systems Stock Performance

Shares of NYSE:VEEV opened at $183.14 on Monday. Veeva Systems Inc. has a 52 week low of $162.72 and a 52 week high of $236.90. The company’s fifty day moving average is $202.46 and its 200-day moving average is $204.37. The company has a market capitalization of $29.54 billion, a PE ratio of 54.02, a P/E/G ratio of 1.81 and a beta of 0.80.

Analysts Set New Price Targets

VEEV has been the subject of a number of recent analyst reports. UBS Group lowered their price target on shares of Veeva Systems from $235.00 to $185.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Jefferies Financial Group increased their price objective on shares of Veeva Systems from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 price objective on shares of Veeva Systems in a research note on Wednesday, March 27th. Robert W. Baird raised their price target on shares of Veeva Systems from $251.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 29th. Finally, Canaccord Genuity Group reduced their price target on shares of Veeva Systems from $220.00 to $210.00 and set a “hold” rating on the stock in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $228.25.

View Our Latest Report on VEEV

Insider Activity

In related news, SVP Jonathan Faddis sold 3,598 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $207.42, for a total transaction of $746,297.16. Following the transaction, the senior vice president now owns 10,668 shares in the company, valued at approximately $2,212,756.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Veeva Systems news, SVP Jonathan Faddis sold 3,598 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $207.42, for a total transaction of $746,297.16. Following the completion of the sale, the senior vice president now directly owns 10,668 shares of the company’s stock, valued at approximately $2,212,756.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alan Mateo sold 3,391 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $200.86, for a total value of $681,116.26. Following the sale, the executive vice president now directly owns 21,983 shares of the company’s stock, valued at $4,415,505.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,989 shares of company stock worth $4,192,363. Corporate insiders own 10.50% of the company’s stock.

Veeva Systems Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Veeva Systems (NYSE:VEEV)

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