Veeva Systems Inc. (NYSE:VEEV) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. boosted its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 16.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 366,490 shares of the technology company’s stock after purchasing an additional 51,692 shares during the period. Federated Hermes Inc.’s holdings in Veeva Systems were worth $77,055,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Peapack Gladstone Financial Corp grew its holdings in shares of Veeva Systems by 0.6% during the fourth quarter. Peapack Gladstone Financial Corp now owns 70,547 shares of the technology company’s stock worth $14,833,000 after buying an additional 400 shares during the last quarter. Himension Capital Singapore PTE. LTD. grew its stake in shares of Veeva Systems by 28.8% in the 4th quarter. Himension Capital Singapore PTE. LTD. now owns 17,281 shares of the technology company’s stock valued at $3,633,000 after purchasing an additional 3,864 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Veeva Systems by 32.1% in the 4th quarter. Russell Investments Group Ltd. now owns 201,252 shares of the technology company’s stock valued at $42,358,000 after purchasing an additional 48,915 shares during the last quarter. Aviva PLC increased its holdings in shares of Veeva Systems by 485.3% in the fourth quarter. Aviva PLC now owns 95,190 shares of the technology company’s stock valued at $20,014,000 after purchasing an additional 78,927 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its stake in shares of Veeva Systems by 29.7% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 7,830 shares of the technology company’s stock worth $1,646,000 after purchasing an additional 1,795 shares during the last quarter. 88.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Veeva Systems

In other Veeva Systems news, SVP Jonathan Faddis sold 787 shares of Veeva Systems stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $226.20, for a total value of $178,019.40. Following the completion of the sale, the senior vice president now owns 8,668 shares in the company, valued at $1,960,701.60. The trade was a 8.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 10.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $270.00 price objective on shares of Veeva Systems in a research report on Thursday, March 6th. Stephens reissued an “overweight” rating and issued a $280.00 price target on shares of Veeva Systems in a report on Thursday, March 6th. Robert W. Baird increased their price objective on Veeva Systems from $283.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Scotiabank increased their price target on shares of Veeva Systems from $240.00 to $245.00 and gave the company a “sector perform” rating in a report on Thursday, March 6th. Finally, Morgan Stanley boosted their price objective on shares of Veeva Systems from $195.00 to $201.00 and gave the stock an “underweight” rating in a report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $256.52.

Veeva Systems Price Performance

NYSE:VEEV opened at $213.59 on Monday. Veeva Systems Inc. has a 1-year low of $170.25 and a 1-year high of $258.93. The firm has a 50 day simple moving average of $231.73 and a 200-day simple moving average of $223.12. The firm has a market cap of $34.75 billion, a PE ratio of 52.74, a P/E/G ratio of 1.89 and a beta of 1.05.

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.