International Assets Investment Management LLC Has $25.02 Million Holdings in Veeva Systems Inc. (NYSE:VEEV)

International Assets Investment Management LLC boosted its stake in Veeva Systems Inc. (NYSE:VEEV - Free Report) by 19,189.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,206 shares of the technology company's stock after purchasing an additional 118,588 shares during the period. International Assets Investment Management LLC owned about 0.07% of Veeva Systems worth $25,018,000 at the end of the most recent reporting period.

• Veeva’s Stock Jumps on Stellar Q2 Results—Don’t Miss Out

Other large investors have also bought and sold shares of the company. Advisors Asset Management Inc. bought a new position in shares of Veeva Systems during the first quarter worth about $28,000. Blue Trust Inc. raised its holdings in Veeva Systems by 3,460.0% during the 2nd quarter. Blue Trust Inc. now owns 178 shares of the technology company's stock worth $33,000 after purchasing an additional 173 shares during the last quarter. DT Investment Partners LLC acquired a new position in shares of Veeva Systems in the 2nd quarter worth approximately $35,000. Larson Financial Group LLC boosted its stake in shares of Veeva Systems by 1,153.8% in the 1st quarter. Larson Financial Group LLC now owns 163 shares of the technology company's stock valued at $38,000 after purchasing an additional 150 shares during the last quarter. Finally, Mather Group LLC. increased its position in shares of Veeva Systems by 166.3% during the second quarter. Mather Group LLC. now owns 253 shares of the technology company's stock worth $46,000 after buying an additional 158 shares during the period. 88.20% of the stock is owned by institutional investors.

Insider Transactions at Veeva Systems

In other Veeva Systems news, SVP Jonathan Faddis sold 2,353 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $200.00, for a total value of $470,600.00. Following the transaction, the senior vice president now owns 9,035 shares of the company's stock, valued at approximately $1,807,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.50% of the company's stock.

Veeva Systems Trading Up 0.0 %

• Veeva Systems: Increasing NDR and Other Wins

Shares of NYSE:VEEV opened at $212.27 on Tuesday. The stock has a market cap of $34.37 billion, a PE ratio of 56.61, a price-to-earnings-growth ratio of 2.06 and a beta of 0.81. The stock's fifty day simple moving average is $211.44 and its two-hundred day simple moving average is $198.73. Veeva Systems Inc. has a 1-year low of $162.72 and a 1-year high of $236.90.

Veeva Systems (NYSE:VEEV - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The technology company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.03. Veeva Systems had a net margin of 23.91% and a return on equity of 13.30%. The company had revenue of $676.18 million for the quarter, compared to analyst estimates of $667.21 million. On average, sell-side analysts forecast that Veeva Systems Inc. will post 4.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

• Veeva Systems NYSE: VEEV Stock a Buy: Cloud Software for Life Sciences

Several equities analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of Veeva Systems from $197.00 to $207.00 and gave the company a "hold" rating in a report on Tuesday, September 3rd. Barclays raised their target price on Veeva Systems from $220.00 to $240.00 and gave the stock an "overweight" rating in a research note on Thursday, August 29th. BTIG Research initiated coverage on Veeva Systems in a research note on Tuesday, July 9th. They issued a "buy" rating and a $240.00 price target on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $250.00 price objective on shares of Veeva Systems in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Veeva Systems from $203.00 to $208.00 and gave the company a "neutral" rating in a research report on Monday, September 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $232.87.

Check Out Our Latest Analysis on Veeva Systems

About Veeva Systems

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.

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