$0.29 EPS Expected for Veeva Systems Inc. (VEEV)

November 11, 2018 - By Dolores Ford

Veeva Systems Inc. (NYSE:VEEV) LogoInvestors sentiment increased to 1.79 in 2018 Q2. Its up 0.39, from 1.4 in 2018Q1. It improved, as 38 investors sold Veeva Systems Inc. shares while 79 reduced holdings. 65 funds opened positions while 144 raised stakes. 103.85 million shares or 4.21% more from 99.65 million shares in 2018Q1 were reported.
Foundry Prns Ltd Liability Corporation, a Minnesota-based fund reported 26,708 shares. Shine Investment Advisory Services invested in 238 shares. Art Advsr Ltd owns 9,558 shares. Manufacturers Life Insur The has 5,636 shares. Aperio Gru Lc invested in 15,613 shares or 0.01% of the stock. Northwestern Mutual Wealth Mgmt owns 5,302 shares for 0% of their portfolio. Quantitative Investment Mngmt Ltd Company owns 42,900 shares. Janney Montgomery Scott Llc accumulated 111,836 shares. 1,349 are held by Strs Ohio. Meeder Asset Mngmt has invested 0% of its portfolio in Veeva Systems Inc. (NYSE:VEEV). Raymond James Fincl Services Advsr Incorporated reported 0.02% in Veeva Systems Inc. (NYSE:VEEV). Gilder Gagnon Howe And Limited Com holds 0.13% or 151,370 shares in its portfolio. Alliancebernstein L P has invested 0.01% of its portfolio in Veeva Systems Inc. (NYSE:VEEV). Stevens First Principles Inv Advsr has invested 0.07% of its portfolio in Veeva Systems Inc. (NYSE:VEEV). Proshare Advisors Limited Company, a Maryland-based fund reported 6,301 shares.

Since May 14, 2018, it had 0 insider purchases, and 25 insider sales for $23.24 million activity. Shares for $71,236 were sold by MATEO ALAN on Friday, July 13. 25,000 Veeva Systems Inc. (NYSE:VEEV) shares with value of $2.58M were sold by Cabral Timothy S. On Friday, June 1 Lequient Frederic sold $232,704 worth of Veeva Systems Inc. (NYSE:VEEV) or 2,875 shares. Wallach Matthew J also sold $958,823 worth of Veeva Systems Inc. (NYSE:VEEV) on Wednesday, July 11. The insider SEKHRI PAUL J sold $91,660. On Friday, June 1 the insider Faddis Jonathan sold $48,654.

Analysts expect Veeva Systems Inc. (NYSE:VEEV) to report $0.29 EPS on December, 4.They anticipate $0.14 EPS change or 93.33 % from last quarter’s $0.15 EPS. VEEV’s profit would be $41.91 million giving it 80.69 P/E if the $0.29 EPS is correct. After having $0.26 EPS previously, Veeva Systems Inc.’s analysts see 11.54 % EPS growth. The stock decreased 3.14% or $3.03 during the last trading session, reaching $93.6. About 1.47M shares traded or 2.23% up from the average. Veeva Systems Inc. (NYSE:VEEV) has risen 82.53% since November 11, 2017 and is uptrending. It has outperformed by 66.91% the S&P500.

Veeva Systems Inc. (NYSE:VEEV) Ratings Coverage

Among 9 analysts covering Veeva Systems (NYSE:VEEV), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Veeva Systems had 17 analyst reports since May 25, 2018 according to SRatingsIntel. As per Friday, May 25, the company rating was maintained by Deutsche Bank. Morgan Stanley maintained Veeva Systems Inc. (NYSE:VEEV) rating on Thursday, August 16. Morgan Stanley has “Overweight” rating and $91 target. KeyBanc Capital Markets maintained it with “Overweight” rating and $99 target in Friday, August 24 report. The rating was maintained by Morgan Stanley on Friday, August 24 with “Overweight”. Morgan Stanley maintained the shares of VEEV in report on Tuesday, October 23 with “Overweight” rating. The firm has “Hold” rating by Deutsche Bank given on Friday, August 24. Stifel Nicolaus maintained the shares of VEEV in report on Friday, October 5 with “Buy” rating. The stock of Veeva Systems Inc. (NYSE:VEEV) earned “Buy” rating by Canaccord Genuity on Friday, May 25. As per Friday, August 24, the company rating was maintained by Canaccord Genuity. The firm has “Hold” rating given on Monday, October 1 by Canaccord Genuity.

Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company has market cap of $13.53 billion. The firm offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, which allow pharmaceutical and biotechnology companies to target and support sales and marketing to physicians, other healthcare professionals, and healthcare organizations through various touch points, including in-person, email, and online; and Veeva Vault, a cloud enterprise content management platform and suite of applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, and quality. It has a 89.91 P/E ratio. It also provides Veeva Network master data management solutions for the management of customer master and product master data.

Veeva Systems Inc. (NYSE:VEEV) Institutional Positions Chart

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