Analysts See $0.23 EPS for Veeva Systems Inc. (VEEV)

May 17, 2018 - By Alfred Lee

Veeva Systems Inc. (NYSE:VEEV) LogoInvestors sentiment decreased to 1.06 in 2017 Q4. Its down 0.57, from 1.63 in 2017Q3. It turned negative, as 51 investors sold Veeva Systems Inc. shares while 91 reduced holdings. 54 funds opened positions while 96 raised stakes. 98.12 million shares or 2.33% more from 95.88 million shares in 2017Q3 were reported.
Hightower Advsr Ltd Liability Com accumulated 10,366 shares. Assetmark Inc, a California-based fund reported 11 shares. Hanseatic Service, a New Mexico-based fund reported 2,437 shares. Point72 Asia (Hong Kong) has 0.02% invested in Veeva Systems Inc. (NYSE:VEEV). Whittier Tru Of Nevada accumulated 10,525 shares. 24,936 are held by Paloma Prtn Mngmt Company. Dimensional Fund Limited Partnership holds 238,286 shares or 0.01% of its portfolio. Utah Retirement Systems holds 20,100 shares or 0.02% of its portfolio. Cap Impact Advisors Ltd Co reported 0.48% stake. First Trust Advsrs Lp stated it has 0.27% in Veeva Systems Inc. (NYSE:VEEV). Los Angeles Management And Equity Rech reported 0.1% stake. 1.50 million were reported by Riverbridge Prtn Limited Co. Amer Cap Management reported 0.31% in Veeva Systems Inc. (NYSE:VEEV). Fjarde Ap holds 0.03% or 31,353 shares in its portfolio. Missouri-based Century has invested 0% in Veeva Systems Inc. (NYSE:VEEV).

Since December 15, 2017, it had 0 buys, and 22 sales for $19.58 million activity. Wallach Matthew J also sold $898,280 worth of Veeva Systems Inc. (NYSE:VEEV) on Wednesday, April 18. 1,108 Veeva Systems Inc. (NYSE:VEEV) shares with value of $83,610 were sold by SEKHRI PAUL J. The insider CODD RONALD E F sold 2,000 shares worth $114,140. The insider Faddis Jonathan sold $186,571. BARABE TIMOTHY C had sold 1,993 shares worth $155,773 on Thursday, March 8. $3.84M worth of stock was sold by Cabral Timothy S on Wednesday, March 7.

Analysts expect Veeva Systems Inc. (NYSE:VEEV) to report $0.23 EPS on May, 24 after the close.They anticipate $0.09 EPS change or 64.29 % from last quarter’s $0.14 EPS. VEEV’s profit would be $32.93M giving it 83.20 P/E if the $0.23 EPS is correct. After having $0.17 EPS previously, Veeva Systems Inc.’s analysts see 35.29 % EPS growth. The stock decreased 0.18% or $0.14 during the last trading session, reaching $76.54. About 249,473 shares traded. Veeva Systems Inc. (NYSE:VEEV) has risen 42.88% since May 17, 2017 and is uptrending. It has outperformed by 31.33% 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 12 analyst reports since December 5, 2017 according to SRatingsIntel. On Thursday, March 1 the stock rating was maintained by Morgan Stanley with “Overweight”. On Friday, April 13 the stock rating was maintained by Canaccord Genuity with “Buy”. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, December 6. The firm has “Neutral” rating given on Friday, March 9 by JP Morgan. The stock of Veeva Systems Inc. (NYSE:VEEV) has “Buy” rating given on Wednesday, February 28 by Canaccord Genuity. Morgan Stanley upgraded Veeva Systems Inc. (NYSE:VEEV) on Tuesday, January 30 to “Overweight” rating. The rating was maintained by KeyBanc Capital Markets on Friday, March 2 with “Overweight”. On Friday, March 9 the stock rating was downgraded by J.P. Morgan to “Hold”. The stock of Veeva Systems Inc. (NYSE:VEEV) earned “Hold” rating by Raymond James on Tuesday, December 5. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, February 28.

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 $10.96 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 83.2 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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