Korea Investment CORP Buys 15,579 Shares of Veeva Systems Inc. (NYSE:VEEV)

Korea Investment CORP boosted its stake in Veeva Systems Inc. (NYSE:VEEV) by 9.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 186,768 shares of the technology company’s stock after buying an additional 15,579 shares during the period. Korea Investment CORP’s holdings in Veeva Systems were worth $39,268,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of VEEV. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Veeva Systems by 72.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the technology company’s stock valued at $25,000 after purchasing an additional 50 shares in the last quarter. Centricity Wealth Management LLC acquired a new position in Veeva Systems in the fourth quarter valued at about $25,000. Smithfield Trust Co grew its stake in Veeva Systems by 145.5% during the fourth quarter. Smithfield Trust Co now owns 135 shares of the technology company’s stock worth $27,000 after buying an additional 80 shares during the last quarter. True Wealth Design LLC increased its holdings in shares of Veeva Systems by 3,375.0% during the third quarter. True Wealth Design LLC now owns 139 shares of the technology company’s stock worth $29,000 after buying an additional 135 shares in the last quarter. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Veeva Systems in the fourth quarter valued at approximately $31,000. 88.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VEEV. JPMorgan Chase & Co. increased their price target on Veeva Systems from $218.00 to $249.00 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. Truist Financial boosted their price objective on Veeva Systems from $210.00 to $217.00 and gave the stock a “hold” rating in a research note on Thursday, March 6th. Evercore ISI raised their target price on Veeva Systems from $220.00 to $245.00 and gave the company an “in-line” rating in a research note on Friday, December 6th. Royal Bank of Canada upped their price target on shares of Veeva Systems from $275.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, Barclays increased their price objective on shares of Veeva Systems from $260.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Veeva Systems has a consensus rating of “Moderate Buy” and a consensus target price of $256.52.

Veeva Systems Trading Up 0.8 %

Shares of VEEV opened at $237.52 on Friday. The stock has a market cap of $38.56 billion, a P/E ratio of 58.65, a price-to-earnings-growth ratio of 1.89 and a beta of 0.88. The stock’s 50-day moving average price is $231.27 and its two-hundred day moving average price is $222.79. Veeva Systems Inc. has a 1 year low of $170.25 and a 1 year high of $258.93.

Veeva Systems 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.