Veeva Systems Inc. (NYSE:VEEV) Position Prepared by Harel Insurance Investments & Financial Services Ltd.


Harel Insurance Investments & Financial Services Ltd.NYSE: VEEVGet Votes) and 41.9% in the first quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 684 shares of the technology company’s stock after selling 494 shares during the quarter. Harel Insurance Investments & Financial Services Ltd. in Veeva Systems were worth $145,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also bought and sold shares of the company. Ritholtz Wealth Management lifted its holdings in Veeva Systems by 9.4% in the first quarter. Ritholtz Wealth Management now owns 1,317 shares of the technology company’s stock valued at $280,000 after purchasing an additional 113 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Veeva Systems by 17.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 5,773 shares of the technology company’s stock worth $1,475,000 after buying an additional 864 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Veeva Systems by 17.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,395 shares of the technology company’s stock valued at $1,889,000 after buying an additional 1,088 shares in the last quarter. Belpointe Asset Management LLC raised its stake in shares of Veeva Systems by 102.3% in the first quarter. Belpointe Asset Management LLC now owns 5,158 shares of the technology company’s stock valued at $1,096,000 after purchasing an additional 2,608 shares during the last quarter. Finally, Exencial Wealth Advisors LLC lifted its stake in shares of Veeva Systems by 6.1% in the fourth quarter. Exencial Wealth Advisors LLC now owns 3,011 shares of the technology company’s stock valued at $769,000 after buying an additional 174 shares during the last quarter.

Internal Services

Other news, CAO Michele O’Connor sold 371 shares of the firm’s stock in a transaction on Friday, June 3. The stock was sold at a price of $189.37, for a total transaction of $70,256.27. Following the sale, the chief financial officer now owns 15,833 shares of the company’s stock, valued at $2,998,295.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at This hyperlink. Other news, CAO Michele O’Connor sold 371 shares of the firm’s stock in a transaction on Friday, June 3. The stock was sold at a price of $189.37, for a total transaction of $70,256.27. Following the sale, the chief financial officer now owns 15,833 shares of the company’s stock, valued at $2,998,295.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at This hyperlink. Also, Director Timothy S. Cabral sold 5,000 shares of the company’s stock in a transaction on Thursday, June 23rd. The shares traded at an average price of $200.03, for a total value of $1,000,150.00. Following the sale, the director now owns 113,114 shares in the company, valued at approximately $22,626,193.42. Disclosures for these products can be found Here. Insiders have sold 15,371 shares of company stock valued at $2,963,506 in the last 90 days. 13.23% of the stock is owned by company insiders.

Company Opinion Veeva Systems Stock Performance

Sections a The price of VEEV shares opened at $213.77 on Monday. The fifty day moving average is $188.50 and the 200 day moving average is $199.59. The stock has a market cap of $33.10 billion, a PE ratio of 84.16, a PEG ratio of 4.53 and a beta of 0.71. Veeva Systems Inc. it has a 52-week low of $152.04 and a 52-week high of $343.96.

Veeva Systems (NYSE: VEEVGet Votes) last reported its quarterly results on Wednesday, June 1st. The technology company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. Veeva Systems had a profit margin of 14.60% and a margin of 21.43%. The business had revenue of $505.10 million for the quarter, compared to analyst estimates of $495.88 million. In the same quarter last year, the company posted earnings of $0.67 per share. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. As a group, analysts predict that Veeva Systems Inc. will pay 2.78 earnings per share for the fiscal year.

Researchers Set New Price Targets

Several research analysts have recently commented on VEEV shares. Needham & Company LLC cut their price target on Veeva Systems from $270.00 to $205.00 and set a “buy” rating for the company in a report on Thursday, June 2nd. Stifel Nicolaus upped their target price on Veeva Systems from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, June 29th. Guggenheim restated a “buy” rating and set a $252.00 price objective on shares of Veeva Systems in a research report on Tuesday, June 21st. Barclays dropped their target price on Veeva Systems from $237.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 24th. Finally, Truist Financial lowered their price objective on Veeva Systems from $275.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, June 2nd. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a target price of $246.83.

Company Profile Veeva Systems Company

(Get Votes)

Veeva Systems Inc provides cloud-based software solutions for the life sciences industry in North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America. The company offers Veeva Commercial Cloud, a suite of software, data, and analytics solutions, which include Veeva customer relationship management (CRM) and Veeva Medical CRM, Veeva CLM, Veeva CRM MyInsights, Veeva CLM, Veeva CRM Approved Email, Veeva CRM Engage, Veeva Align, Veeva CRM Events Management, Veeva Nitro, Veeva OpenData, Veeva Link, Veeva Network, Veeva Crossix, Veeva Data Cloud, and MyVeeva for Patients; and Veeva Vault, a cloud-based company with business management services, including sales and marketing, and healthcare and communications, as well as research and development services, such as medical, regulatory, quality, and safety.

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