EPS for Veeva Systems Inc. (VEEV) Expected At $0.23

May 18, 2018 - By Karen Cook

Veeva Systems Inc. (NYSE:VEEV) LogoInvestors sentiment decreased to 1.06 in Q4 2017. Its down 0.57, from 1.63 in 2017Q3. It worsened, as 51 investors sold Veeva Systems Inc. shares while 91 reduced holdings. 54 funds opened positions while 96 raised stakes. 98.12 million shares or 2.33% more from 95.88 million shares in 2017Q3 were reported.
Oakbrook Investments Ltd Liability Co invested 0.01% of its portfolio in Veeva Systems Inc. (NYSE:VEEV). Nordea Investment Mngmt reported 0.02% in Veeva Systems Inc. (NYSE:VEEV). Trexquant Limited Partnership reported 20,744 shares stake. Ameriprise Financial invested 0.02% in Veeva Systems Inc. (NYSE:VEEV). Morgan Stanley invested 0.2% of its portfolio in Veeva Systems Inc. (NYSE:VEEV). Spectrum Asset Mngmt (Nb Ca) reported 8,545 shares or 0.36% of all its holdings. Credit Suisse Ag holds 0.01% or 118,610 shares. Moreover, X Ltd Liability has 0% invested in Veeva Systems Inc. (NYSE:VEEV) for 603 shares. State Of Alaska Department Of Revenue stated it has 8,000 shares. Quantbot Tech Limited Partnership has 17,280 shares. Champlain Prtnrs Ltd Liability Com owns 436,940 shares or 0.27% of their US portfolio. Brown Advisory Inc accumulated 0% or 4,529 shares. Moreover, Sumitomo Mitsui Asset Management Company has 0.01% invested in Veeva Systems Inc. (NYSE:VEEV) for 7,090 shares. Goldman Sachs Grp accumulated 616,740 shares. Atlantic Trust Group Limited Com holds 36,024 shares or 0.01% of its portfolio.

Since December 15, 2017, it had 0 buys, and 23 insider sales for $20.51 million activity. Wallach Matthew J also sold $931,580 worth of Veeva Systems Inc. (NYSE:VEEV) shares. Another trade for 1,993 shares valued at $155,773 was sold by BARABE TIMOTHY C. $300,430 worth of Veeva Systems Inc. (NYSE:VEEV) shares were sold by SEKHRI PAUL J. Shares for $206,202 were sold by Lequient Frederic. The insider MATEO ALAN sold $23,613. Shares for $186,571 were sold by Faddis Jonathan.

Analysts expect Veeva Systems Inc. (NYSE:VEEV) to report $0.23 EPS on May, 24 after the close.They anticipate $0.09 EPS change or 64.29 % from last quarter’s $0.14 EPS. VEEV’s profit would be $32.93 million giving it 82.77 P/E if the $0.23 EPS is correct. After having $0.17 EPS previously, Veeva Systems Inc.’s analysts see 35.29 % EPS growth. The stock decreased 0.69% or $0.53 during the last trading session, reaching $76.15. About 629,482 shares traded. Veeva Systems Inc. (NYSE:VEEV) has risen 42.88% since May 18, 2017 and is uptrending. It has outperformed by 31.33% the S&P500.

Veeva Systems Inc. (NYSE:VEEV) Ratings Coverage

Among 9 analysts covering Veeva Systems (NYSE:VEEV), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Veeva Systems had 12 analyst reports since December 5, 2017 according to SRatingsIntel. Morgan Stanley maintained Veeva Systems Inc. (NYSE:VEEV) rating on Thursday, March 1. Morgan Stanley has “Overweight” rating and $76 target. The stock has “Buy” rating by Canaccord Genuity on Friday, April 13. The firm earned “Hold” rating on Friday, March 9 by J.P. Morgan. The rating was maintained by Raymond James on Tuesday, December 5 with “Hold”. The firm earned “Market Outperform” rating on Friday, March 23 by JMP Securities. The stock of Veeva Systems Inc. (NYSE:VEEV) has “Overweight” rating given on Friday, March 2 by KeyBanc Capital Markets. As per Wednesday, February 28, the company rating was maintained by Canaccord Genuity. The firm earned “Buy” rating on Wednesday, February 28 by Stifel Nicolaus. The rating was maintained by Canaccord Genuity on Wednesday, December 6 with “Buy”. The stock of Veeva Systems Inc. (NYSE:VEEV) earned “Overweight” rating by Morgan Stanley on Tuesday, January 30.

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 $10.90 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 82.77 P/E ratio. It also provides Veeva Network master data management solutions for the management of customer master and product master data.

Veeva Systems Inc. (NYSE:VEEV) Institutional Positions Chart

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