Epoch Investment Partners Inc. Sells 9,573 Shares of Veeva Systems Inc (VEEV)

Epoch Investment Partners Inc. lowered its position in shares of Veeva Systems Inc (NYSE:VEEV) by 12.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 64,660 shares of the technology company’s stock after selling 9,573 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Veeva Systems were worth $5,775,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Veeva Systems by 18.6% during the third quarter. BlackRock Inc. now owns 7,710,493 shares of the technology company’s stock valued at $839,440,000 after acquiring an additional 1,207,291 shares during the period. FMR LLC increased its stake in Veeva Systems by 10.8% in the 3rd quarter. FMR LLC now owns 3,626,043 shares of the technology company’s stock valued at $394,767,000 after buying an additional 352,026 shares during the period. William Blair Investment Management LLC increased its stake in Veeva Systems by 3.9% in the 3rd quarter. William Blair Investment Management LLC now owns 2,666,366 shares of the technology company’s stock valued at $290,287,000 after buying an additional 100,561 shares during the period. First Trust Advisors LP increased its stake in Veeva Systems by 4.5% in the 4th quarter. First Trust Advisors LP now owns 2,407,957 shares of the technology company’s stock valued at $215,079,000 after buying an additional 102,884 shares during the period. Finally, Winslow Capital Management LLC increased its stake in Veeva Systems by 25.1% in the 3rd quarter. Winslow Capital Management LLC now owns 2,136,138 shares of the technology company’s stock valued at $232,561,000 after buying an additional 428,945 shares during the period. Institutional investors and hedge funds own 77.73% of the company’s stock.

Shares of VEEV opened at $122.32 on Friday. Veeva Systems Inc has a 12 month low of $68.11 and a 12 month high of $124.00. The firm has a market cap of $17.62 billion, a PE ratio of 98.65, a price-to-earnings-growth ratio of 5.24 and a beta of 1.72.



Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Tuesday, February 26th. The technology company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.05. Veeva Systems had a net margin of 26.66% and a return on equity of 17.65%. The company had revenue of $232.32 million for the quarter, compared to analyst estimates of $227.15 million. During the same quarter in the prior year, the business posted $0.23 EPS. Veeva Systems’s quarterly revenue was up 24.9% on a year-over-year basis. Research analysts forecast that Veeva Systems Inc will post 1.54 earnings per share for the current year.

Several research firms have weighed in on VEEV. Zacks Investment Research lowered shares of Veeva Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 30th. DA Davidson upped their price objective on shares of Veeva Systems to $140.00 and gave the company a “buy” rating in a research note on Wednesday, February 27th. JMP Securities upped their price objective on shares of Veeva Systems to $108.00 and gave the company an “outperform” rating in a research note on Thursday, November 29th. Deutsche Bank upped their price objective on shares of Veeva Systems from $100.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday, February 27th. Finally, SunTrust Banks upped their price objective on shares of Veeva Systems to $140.00 and gave the company a “buy” rating in a research note on Wednesday, February 27th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $117.65.

In other news, SVP Jonathan Faddis sold 9,000 shares of the stock in a transaction on Monday, December 17th. The shares were sold at an average price of $88.24, for a total transaction of $794,160.00. Following the transaction, the senior vice president now owns 10,073 shares in the company, valued at approximately $888,841.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul J. Sekhri sold 9,029 shares of the stock in a transaction on Tuesday, December 18th. The stock was sold at an average price of $86.68, for a total transaction of $782,633.72. Following the transaction, the director now owns 18,266 shares in the company, valued at approximately $1,583,296.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 163,157 shares of company stock worth $16,952,836. 15.97% of the stock is currently owned by company insiders.

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Veeva Systems Profile

Veeva Systems, Inc engages in the provision of industry-specific, cloud-based software solutions for the life sciences industry. Its solutions enable pharmaceutical and other life sciences companies to realize the benefits of modern cloud-based architectures and mobile applications for their most critical business functions, without compromising industry-specific functionality or regulatory compliance.

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Institutional Ownership by Quarter for Veeva Systems (NYSE:VEEV)

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