Veeva Systems Inc (NYSE:VEEV) Sentiment Improved in Q3 2017

January 19, 2018 - By Hazel Jackson

 Veeva Systems Inc (NYSE:VEEV) Sentiment  Improved in  Q3 2017

Sentiment for Veeva Systems Inc (NYSE:VEEV)

Veeva Systems Inc (NYSE:VEEV) institutional sentiment decreased to 1.63 in Q3 2017. Its down -0.13, from 1.76 in 2017Q2. The ratio is negative, as 181 active investment managers started new and increased equity positions, while 111 sold and reduced stock positions in Veeva Systems Inc. The active investment managers in our partner’s database now have: 95.88 million shares, up from 94.85 million shares in 2017Q2. Also, the number of active investment managers holding Veeva Systems Inc in their top 10 equity positions decreased from 3 to 2 for a decrease of 1. Sold All: 33 Reduced: 78 Increased: 130 New Position: 51.

Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company has market cap of $8.29 billion. The firm offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, which allow pharmaceutical and biotechnology companies to target and support sales and marketing to physicians, other healthcare professionals, and healthcare organizations through various touch points, including in-person, email, and online; and Veeva Vault, a cloud enterprise content management platform and suite of applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, and quality. It has a 67.5 P/E ratio. It also provides Veeva Network master data management solutions for the management of customer master and product master data.

The stock increased 1.03% or $0.59 during the last trading session, reaching $58.12. About 89,458 shares traded. Veeva Systems Inc. (NYSE:VEEV) has risen 114.93% since January 19, 2017 and is uptrending. It has outperformed by 98.23% the S&P500.

Analysts await Veeva Systems Inc. (NYSE:VEEV) to report earnings on February, 27. They expect $0.15 EPS, 0.00 % or $0.00 from last year’s $0.15 per share. VEEV’s profit will be $21.39 million for 96.87 P/E if the $0.15 EPS becomes a reality. After $0.15 actual EPS reported by Veeva Systems Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Glynn Capital Management Llc holds 4.6% of its portfolio in Veeva Systems Inc. for 324,692 shares. Brown Capital Management Llc owns 6.00 million shares or 4.12% of their US portfolio. Moreover, White Elm Capital Llc has 3.12% invested in the company for 279,300 shares. The Missouri-based Jag Capital Management Llc has invested 2.21% in the stock. Riverbridge Partners Llc, a Minnesota-based fund reported 1.57 million shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 30 insider sales for $22.41 million activity.

Veeva Systems Inc. (NYSE:VEEV) Ratings Coverage

Ratings analysis reveals 57% of Veeva Systems’s analysts are positive. Out of 14 Wall Street analysts rating Veeva Systems, 8 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $24 while the high is $70. The stock’s average target of $47 is -19.13% below today’s ($58.12) share price. VEEV was included in 44 notes of analysts from August 28, 2015. Needham initiated the stock with “Buy” rating in Monday, January 4 report. The rating was maintained by Stifel Nicolaus on Wednesday, August 31 with “Buy”. The stock of Veeva Systems Inc. (NYSE:VEEV) earned “Market Perform” rating by Raymond James on Wednesday, August 24. Citigroup maintained the shares of VEEV in report on Tuesday, August 23 with “Neutral” rating. The company was initiated on Tuesday, October 4 by Goldman Sachs. The stock of Veeva Systems Inc. (NYSE:VEEV) has “Equal-Weight” rating given on Monday, June 5 by Morgan Stanley. The firm has “Buy” rating by Stifel Nicolaus given on Friday, August 18. As per Friday, May 27, the company rating was maintained by Citigroup. Stifel Nicolaus maintained Veeva Systems Inc. (NYSE:VEEV) on Friday, May 27 with “Buy” rating. The rating was initiated by Bank of America with “Neutral” on Friday, June 17.

Another recent and important Veeva Systems Inc. (NYSE:VEEV) news was published by Fool.com which published an article titled: “Better Stock: Veeva Systems (VEEV) vs. Cerner (CERN)” on December 21, 2017.

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