SRS Capital Advisors Inc. Has $1.01 Million Stock Holdings in Veeva Systems Inc. (NYSE:VEEV)

SRS Capital Advisors Inc. boosted its stake in Veeva Systems Inc. (NYSE:VEEV) by 11.2% during the second quarter, Holdings Channel reports. The institutional investor owned 5,520 shares of the technology company’s stock after buying an additional 554 shares during the period. SRS Capital Advisors Inc.’s holdings in Veeva Systems were worth $1,010,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Torray Investment Partners LLC grew its position in shares of Veeva Systems by 44.6% in the second quarter. Torray Investment Partners LLC now owns 32,714 shares of the technology company’s stock valued at $5,987,000 after purchasing an additional 10,083 shares during the last quarter. EFG Asset Management Americas Corp. boosted its position in shares of Veeva Systems by 42.4% in the second quarter. EFG Asset Management Americas Corp. now owns 18,135 shares of the technology company’s stock valued at $3,319,000 after acquiring an additional 5,403 shares during the period. Greystone Financial Group LLC grew its stake in shares of Veeva Systems by 69.3% in the second quarter. Greystone Financial Group LLC now owns 3,136 shares of the technology company’s stock valued at $574,000 after acquiring an additional 1,284 shares in the last quarter. UNIVEST FINANCIAL Corp increased its position in Veeva Systems by 72.9% during the second quarter. UNIVEST FINANCIAL Corp now owns 1,745 shares of the technology company’s stock worth $319,000 after acquiring an additional 736 shares during the period. Finally, Candriam S.C.A. boosted its holdings in Veeva Systems by 19.8% in the 2nd quarter. Candriam S.C.A. now owns 292,208 shares of the technology company’s stock valued at $53,474,000 after purchasing an additional 48,365 shares during the period. 88.20% of the stock is owned by institutional investors.

Insider Activity at Veeva Systems

In other news, SVP Jonathan Faddis sold 2,353 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $200.00, for a total transaction of $470,600.00. Following the completion of the sale, the senior vice president now owns 9,035 shares of the company’s stock, valued at approximately $1,807,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 10.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Piper Sandler raised their target price on shares of Veeva Systems from $225.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Bank of America lifted their price objective on Veeva Systems from $204.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Canaccord Genuity Group decreased their price target on Veeva Systems from $220.00 to $210.00 and set a “hold” rating on the stock in a research report on Friday, May 31st. UBS Group upped their price objective on shares of Veeva Systems from $185.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Finally, Stifel Nicolaus reduced their price objective on shares of Veeva Systems from $250.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $230.57.

Veeva Systems Stock Performance

Shares of NYSE:VEEV traded up $0.58 during trading on Friday, reaching $215.89. The stock had a trading volume of 775,935 shares, compared to its average volume of 965,400. Veeva Systems Inc. has a 52 week low of $162.72 and a 52 week high of $236.90. The firm’s fifty day moving average is $192.22 and its 200 day moving average is $202.00. The stock has a market cap of $34.90 billion, a price-to-earnings ratio of 63.68, a P/E/G ratio of 2.12 and a beta of 0.81.

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.