Decatur Capital Management Inc. Has $1.28 Million Holdings in Veeva Systems Inc. (NYSE:VEEV)

Decatur Capital Management Inc. trimmed its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,103 shares of the technology company’s stock after selling 81 shares during the period. Decatur Capital Management Inc.’s holdings in Veeva Systems were worth $1,283,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of VEEV. MassMutual Private Wealth & Trust FSB boosted its stake in Veeva Systems by 72.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the technology company’s stock valued at $25,000 after buying an additional 50 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in shares of Veeva Systems in the 4th quarter valued at approximately $25,000. Smithfield Trust Co boosted its stake in shares of Veeva Systems by 145.5% in the 4th quarter. Smithfield Trust Co now owns 135 shares of the technology company’s stock valued at $27,000 after purchasing an additional 80 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in shares of Veeva Systems during the 4th quarter valued at approximately $31,000. Finally, Avion Wealth increased its position in Veeva Systems by 635.0% during the 4th quarter. Avion Wealth now owns 147 shares of the technology company’s stock worth $30,000 after purchasing an additional 127 shares in the last quarter. 88.20% of the stock is owned by institutional investors.

Veeva Systems Stock Down 2.2 %

Veeva Systems stock opened at $215.73 on Friday. The company has a market capitalization of $35.10 billion, a PE ratio of 53.27, a PEG ratio of 1.89 and a beta of 1.05. Veeva Systems Inc. has a 12-month low of $170.25 and a 12-month high of $258.93. The firm’s fifty day moving average is $227.31 and its 200 day moving average is $223.35.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on VEEV shares. Stephens restated an “overweight” rating and issued a $280.00 target price on shares of Veeva Systems in a research report on Thursday, March 6th. Needham & Company LLC restated a “buy” rating and set a $270.00 price objective on shares of Veeva Systems in a research report on Thursday, March 6th. The Goldman Sachs Group downgraded Veeva Systems from a “buy” rating to a “sell” rating and dropped their target price for the company from $261.00 to $200.00 in a research report on Thursday, January 23rd. Robert W. Baird boosted their price target on Veeva Systems from $283.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Finally, Truist Financial raised their price objective on shares of Veeva Systems from $210.00 to $217.00 and gave the company a “hold” rating in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $256.32.

Insider Buying and Selling at Veeva Systems

In related news, insider Thomas D. Schwenger sold 1,200 shares of Veeva Systems stock in a transaction on Monday, April 14th. The shares were sold at an average price of $220.97, for a total value of $265,164.00. Following the completion of the sale, the insider now owns 25,889 shares of the company’s stock, valued at approximately $5,720,692.33. This trade represents a 4.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Timothy S. Cabral sold 3,882 shares of the company’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $216.83, for a total transaction of $841,734.06. Following the transaction, the director now owns 5,500 shares in the company, valued at approximately $1,192,565. The trade was a 41.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,869 shares of company stock valued at $1,284,917. Corporate insiders own 10.50% of the company’s stock.

About Veeva Systems

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.