SunTrust Robinson Humphrey: Veeva Systems (NYSE:VEEV) has $100 Target Has New Rating.

June 26, 2018 - By Sarah Harris

Veeva Systems Inc. (NYSE:VEEV) Corporate Logo

Big Money Sentiment increased to 1.4 in Q1 2018. It has change of 0.34, from 2017Q4’s 1.06. The ratio is positive due to Veeva Systems Inc. positioning: 25 sold and 104 reduced. 79 funds amassed holdings and 102 increased holdings. Investors holded 98.12 million in 2017Q4 but now own 99.65 million shares or 1.56% more.

101,441 are owned by Engineers Gate Manager L P. Mirador Capital Prtnrs L P holds 5,688 shs. Swiss Bancshares has 0.03% invested in Veeva Systems Inc. (NYSE:VEEV) for 367,400 shs. Pdts Prns Ltd Liability Corp invested 0.41% of its capital in Veeva Systems Inc. (NYSE:VEEV). Westpac Banking has invested 0% of its capital in Veeva Systems Inc. (NYSE:VEEV). Texas Yale Cap Corp holds 7,500 shs or 0.05% of its capital. Cipher Limited Partnership has invested 0.23% in Veeva Systems Inc. (NYSE:VEEV). Gideon Cap Advisors invested 0.24% in Veeva Systems Inc. (NYSE:VEEV). State Board Of Administration Of Florida Retirement Sys owns 144,302 shs or 0.03% of their US capital. Next Century Growth Llc holds 0.02% in Veeva Systems Inc. (NYSE:VEEV) or 1,791 shs. Apg Asset Mgmt Nv reported 18,000 shs. Glenmede Na has 0% invested in Veeva Systems Inc. (NYSE:VEEV). Essex Invest Management Ltd Liability accumulated 51,822 shs. State Of Alaska Department Of Revenue, a Alaska-based fund reported 10,190 shs. Johnson Invest Counsel accumulated 17,047 shs or 0.03% of the stock.

Veeva Systems Inc. registered $26.17 million net activity with 0 buys and 30 selling transactions since January 5, 2018. Faddis Jonathan sold $48,654 worth of Veeva Systems Inc. (NYSE:VEEV) on Friday, June 1. 3,000 shs were sold by CODD RONALD E F, worth $232,290. Wallach Matthew J also sold $931,580 worth of Veeva Systems Inc. (NYSE:VEEV) shs. The insider Lequient Frederic sold 2,875 shs worth $206,202. Cabral Timothy S sold 25,000 shs worth $2.04 million. $83,610 worth of Veeva Systems Inc. (NYSE:VEEV) was sold by SEKHRI PAUL J on Wednesday, March 21.

What Price Target Has SunTrust Robinson Humphrey Given Veeva Systems (NYSE:VEEV)

On 25 June SunTrust Robinson Humphrey has started coverage on shares of Veeva Systems (NYSE:VEEV) with Buy rating. There’s upside potential of 26.25 % of the $100 target given at SunTrust Robinson Humphrey.

Veeva Systems Inc. (NYSE:VEEV) Ratings Coverage

In total 10 analysts cover Veeva Systems (NYSE:VEEV). “Buy” rating has 7, “Sell” are 0, while 3 are “Hold”. (NYSE:VEEV) has 70% bullish analysts. With $100 highest and $70 lowest target price, Veeva Systems has $79.56 average target price or 0.44% above the current ($79.21) price. 14 are the (NYSE:VEEV)’s ratings reports on Jun 26, 2018 according to StockzIntelligence Inc. On Wednesday, February 28 the firm has “Buy” rating given by Canaccord Genuity. On Friday, May 25 the firm has “Buy” rating by Canaccord Genuity given. On Friday, March 2 the firm earned “Overweight” rating by KeyBanc Capital Markets. On Wednesday, February 28 the stock of Veeva Systems Inc. (NYSE:VEEV) earned “Buy” rating by Stifel Nicolaus. In Friday, May 25 report Deutsche Bank maintained the stock with “Hold” rating. On Friday, May 25 the company was maintained by Morgan Stanley. The company rating was upgraded by Morgan Stanley on Tuesday, January 30. On Friday, March 9 the stock of Veeva Systems Inc. (NYSE:VEEV) earned “Hold” rating by J.P. Morgan. In Friday, March 23 report JMP Securities maintained the stock with “Market Outperform” rating. On Friday, April 13 the stock of Veeva Systems Inc. (NYSE:VEEV) earned “Buy” rating by Canaccord Genuity.

VEEV hit $79.21 during the last trading session after $0.46 change.Veeva Systems Inc. has volume of 334,258 shares. Since June 26, 2017 VEEV has risen 24.78% and is uptrending. VEEV outperformed by 12.21% the S&P 500.

On August, 23 WallStreet awaited Veeva Systems Inc. (NYSE:VEEV)’s earnings release, Zacks reports. Last year’s earnings per share was $0.15, while now analysts expect change of 66.67 % up from current $0.25 earnings per share. If reported the P/E will be 79.21 with $35.86 million profit. Analysts at Wall Street see Veeva Systems Inc.’s 8.70 % EPS growth compared to $0.23 earnings per share for previous quarter.

Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally.The company has $11.36 billion market cap. The firm offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, data solutions, and master data management solutions; and Veeva Vault, a cloud enterprise content management applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, quality, and safety.The P/E ratio is 86.1. It also provides professional and support services in the areas of implementation and deployment planning and project management; requirements analysis, solution design, and configuration; systems environment management and deployment services; services focused on advancing or transforming business and operating processes related to Veeva solutions; technical consulting services related to data migration and systems integrations; training on its solutions; and ongoing managed services that include outsourced systems administration.

More recent Veeva Systems Inc. (NYSE:VEEV) news were released by Benzinga.com, Fool.com and Businesswire.com. The first one has “Benzinga’s Top Upgrades, Downgrades For June 25, 2018” as a title and was released on June 25, 2018. The next is “4 Reasons to Buy Veeva Systems Stock” on May 30, 2018. And last was released on June 25, 2018, called “Industry Survey Shows 87% of Clinical Operations Leaders Taking Action to Unify Clinical Processes”.

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

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