Veeva Systems Inc on Focus After Bullish Options Activity

 Veeva Systems Inc on Focus After Bullish Options Activity

In today’s session Veeva Systems Inc (VEEV) registered an unusually high (119) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious VEEV increase. With 119 contracts traded and 22454 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: VEEV170120C00040000 closed last at: $2.3 or 28.1% down. About 150,516 shares traded hands. Veeva Systems Inc (NYSE:VEEV) has risen 42.06% since March 7, 2016 and is uptrending. It has outperformed by 34.47% the S&P500.

Veeva Systems Inc (NYSE:VEEV) Ratings Coverage

Out of 12 analysts covering Veeva Systems (NYSE:VEEV), 6 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 50% are positive. $45 is the highest target while $24 is the lowest. The $36.30 average target is -7.98% below today’s ($39.45) stock price. Veeva Systems has been the topic of 23 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Citigroup on Friday, October 30. The company was maintained on Friday, May 27 by Deutsche Bank. On Wednesday, November 25 the stock rating was maintained by Leerink Swann with “Market Perform”. The stock has “Market Perform” rating given by Raymond James on Wednesday, August 24. The stock has “Neutral” rating given by Citigroup on Tuesday, August 23. The rating was maintained by Citigroup with “Neutral” on Friday, May 27. Canaccord Genuity maintained Veeva Systems Inc (NYSE:VEEV) on Wednesday, November 25 with “Buy” rating. As per Tuesday, October 4, the company rating was initiated by Goldman Sachs. The stock of Veeva Systems Inc (NYSE:VEEV) earned “Buy” rating by Needham on Wednesday, August 31. Stifel Nicolaus maintained it with “Buy” rating and $43 target price in Wednesday, August 31 report.

According to Zacks Investment Research, “Veeva Systems Inc. operates as a provider of industry-specific, cloud-based software solutions for the life sciences industry. It offers enterprise applications, a multichannel platform, customer relationship management, and content management solutions. The Company provides its solutions to pharmaceutical, animal health, and biotechnology companies. Veeva Systems Inc. is headquartered in Pleasanton, California.”

Insitutional Activity: The institutional sentiment increased to 1.79 in 2016 Q2. Its up 0.61, from 1.18 in 2016Q1. The ratio is positive, as 18 funds sold all Veeva Systems Inc shares owned while 50 reduced positions. 48 funds bought stakes while 74 increased positions. They now own 92.06 million shares or 3.74% more from 88.74 million shares in 2016Q1.
Bnp Paribas Investment Prtnrs accumulated 0.04% or 130,631 shares. Gilder Gagnon Howe Limited Liability Corporation holds 0.1% of its portfolio in Veeva Systems Inc (NYSE:VEEV) for 153,852 shares. Parallax Volatility Advisers Ltd Partnership accumulated 11,970 shares or 0% of the stock. Public Employees Retirement Association Of Colorado holds 0.01% of its portfolio in Veeva Systems Inc (NYSE:VEEV) for 20,681 shares. Ameriprise Finance holds 709,337 shares or 0.01% of its portfolio. Sunbelt Securities has invested 0% of its portfolio in Veeva Systems Inc (NYSE:VEEV). Credit Agricole S A reported 15,300 shares or 0% of all its holdings. Great West Life Assurance Communication Can accumulated 0% or 7,707 shares. Blackrock Inv Mgmt Limited Liability Company accumulated 232,073 shares or 0.01% of the stock. Cubist Systematic Strategies Ltd accumulated 21,603 shares or 0.04% of the stock. M&T Bank & Trust Corp has 7,253 shares for 0% of their US portfolio. The North Carolina-based National Bank Of America De has invested 0% in Veeva Systems Inc (NYSE:VEEV). Marshall Wace Llp has invested 0.03% of its portfolio in Veeva Systems Inc (NYSE:VEEV). Renaissance Tech Ltd Liability holds 0.11% or 1.64M shares in its portfolio. The Pennsylvania-based Stevens Management Lp has invested 0.01% in Veeva Systems Inc (NYSE:VEEV).

Insider Transactions: Since April 12, 2016, the stock had 0 insider buys, and 35 insider sales for $40.17 million net activity. 19,200 Veeva Systems Inc (NYSE:VEEV) shares with value of $735,422 were sold by Ritter Gordon. Mateo Alan also sold $108,368 worth of Veeva Systems Inc (NYSE:VEEV) on Wednesday, September 14. Wallach Matthew J had sold 84,000 shares worth $2.92 million on Thursday, June 9. On Monday, June 13 the insider CODD RONALD E F sold $343,204. On Wednesday, June 1 Faddis Jonathan sold $29,013 worth of the stock or 865 shares. Armenante Mark sold $3.84M worth of stock or 150,000 shares. Cabral Timothy S sold 35,875 shares worth $1.24 million.

Veeva Systems Inc. is a provider of cloud software solutions for the global life sciences industry. The company has a market cap of $5.35 billion. The Firm offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data. It has a 101.89 P/E ratio.

VEEV Company Profile

Veeva Systems Inc. (Veeva), incorporated on January 12, 2007, is a well-known provider of cloud software solutions for the global life sciences industry. The Firm offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data. The Firm offers solutions to areas, including the Veeva CRM family of applications for multichannel customer relationship management to enable coordinated and personalized customer engagement through multiple touch points; Veeva Vault for regulated content management and information management solutions to enable the management of content-centric processes; the Veeva Network master data management solutions for the management of customer master and product master data, and Veeva’s data and data services offerings, including Veeva OpenData for customer reference data and Veeva KOL Data for data.

More notable recent Veeva Systems Inc (NYSE:VEEV) news were published by: Prnewswire.com which released: “Research Reports Initiation on Healthcare Stocks — Rennova Health, Cerner …” on October 10, 2016, also Fool.com with their article: “Veeva Systems Inc. Spoils Shareholders Once Again With a Great Quarter” published on August 31, 2016, Fool.com published: “Can Veeva Systems Inc. Keep Its Impressive Streak Going?” on August 26, 2016. More interesting news about Veeva Systems Inc (NYSE:VEEV) were released by: Fool.com and their article: “Veeva Systems Inc Is Just Getting Started” published on May 31, 2016 as well as Seekingalpha.com‘s news article titled: “Veeva Systems: Still Some Upside, But Maybe Not Yet” with publication date: October 07, 2016.

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