As Veeva Sys INC (VEEV) Share Price Rose, Holder Blair William & Company Has Decreased Position

Veeva Systems Inc. (NYSE:VEEV) LogoInvestors sentiment increased to 1.73 in Q1 2019. Its up 0.49, from 1.24 in 2018Q4. It is positive, as 33 investors sold VEEV shares while 105 reduced holdings. 92 funds opened positions while 147 raised stakes. 108.97 million shares or 0.55% more from 108.37 million shares in 2018Q4 were reported. Wells Fargo And Company Mn invested in 2.00M shares or 0.08% of the stock. C M Bidwell And Limited accumulated 8,190 shares. Texas Yale Cap holds 15,278 shares or 0.08% of its portfolio. Halsey Assocs Ct accumulated 41,903 shares. 231 are owned by Lenox Wealth Incorporated. Bokf Na holds 0.08% or 26,987 shares. 21,888 were reported by Ashfield Lc. Int, a New York-based fund reported 4,085 shares. Franklin Resources invested in 0.13% or 1.88M shares. Eaton Vance Management, Massachusetts-based fund reported 28,187 shares. Apg Asset Management Nv owns 44,000 shares for 0.01% of their portfolio. Marvin & Palmer has invested 4.37% in Veeva Systems Inc. (NYSE:VEEV). 38,712 are owned by Gateway Invest Advisers Limited Liability Corporation. 400 were reported by Optimum Investment. Petrus Lta owns 1,806 shares.

Since January 16, 2019, it had 0 insider purchases, and 3 selling transactions for $2.82 million activity. 12,000 shares valued at $1.22M were sold by Wallach Matthew J on Wednesday, January 16.

Blair William & Company decreased its stake in Veeva Sys Inc (VEEV) by 2.09% based on its latest 2019Q1 regulatory filing with the SEC. Blair William & Company sold 45,330 shares as the company’s stock rose 19.86% with the market. The institutional investor held 2.12M shares of the prepackaged software company at the end of 2019Q1, valued at $269.06 million, down from 2.17 million at the end of the previous reported quarter. Blair William & Company who had been investing in Veeva Sys Inc for a number of months, seems to be less bullish one the $25.79 billion market cap company. The stock decreased 0.32% or $0.56 during the last trading session, reaching $175.09. About 876,476 shares traded. Veeva Systems Inc. (NYSE:VEEV) has risen 85.80% since July 14, 2018 and is uptrending. It has outperformed by 81.37% the S&P500.

Blair William & Company, which manages about $16.40 billion US Long portfolio, upped its stake in Fleetcor Technologies Inc (NYSE:FLT) by 12,386 shares to 104,399 shares, valued at $25.74 million in 2019Q1, according to the filing. It also increased its holding in Arista Networks Inc (NYSE:ANET) by 10,783 shares in the quarter, for a total of 68,768 shares, and has risen its stake in Spdr S&P Midcap 400 Etf Tr (MDY).

Analysts await Veeva Systems Inc. (NYSE:VEEV) to report earnings on August, 22. They expect $0.38 earnings per share, up 46.15 % or $0.12 from last year’s $0.26 per share. VEEV’s profit will be $55.96M for 115.19 P/E if the $0.38 EPS becomes a reality. After $0.37 actual earnings per share reported by Veeva Systems Inc. for the previous quarter, Wall Street now forecasts 2.70 % EPS growth.

More notable recent Veeva Systems Inc. (NYSE:VEEV) news were published by: Businesswire.com which released: “Alcon Standardizes on Veeva Vault CDMS for Clinical Data Management – Business Wire” on July 10, 2019, also Seekingalpha.com with their article: “Veeva: An Asymmetric Short – Seeking Alpha” published on December 06, 2018, Seekingalpha.com published: “Veeva Systems (VEEV) Presents At 37th Annual J.P. Morgan Healthcare Conference – Slideshow – Seeking Alpha” on January 11, 2019. More interesting news about Veeva Systems Inc. (NYSE:VEEV) were released by: Fool.com and their article: “Forget Cerner: Veeva Systems Is a Better Buy – The Motley Fool” published on March 01, 2019 as well as Seekingalpha.com‘s news article titled: “Veeva Continues To Soar – Seeking Alpha” with publication date: December 20, 2018.

Veeva Systems Inc. (NYSE:VEEV) Ratings Coverage

Among 13 analysts covering Veeva Systems (NYSE:VEEV), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Veeva Systems had 23 analyst reports since January 17, 2019 according to SRatingsIntel. The stock of Veeva Systems Inc. (NYSE:VEEV) earned “Hold” rating by Barclays Capital on Wednesday, February 27. Canaccord Genuity maintained it with “Hold” rating and $13500 target in Thursday, May 30 report. Bank of America maintained the stock with “Buy” rating in Monday, June 10 report. The rating was maintained by Barclays Capital with “Equal-Weight” on Thursday, May 30. The rating was maintained by KeyBanc Capital Markets on Thursday, May 30 with “Overweight”. Stifel Nicolaus maintained Veeva Systems Inc. (NYSE:VEEV) on Wednesday, May 22 with “Buy” rating. As per Thursday, May 30, the company rating was maintained by JP Morgan. The stock of Veeva Systems Inc. (NYSE:VEEV) earned “Buy” rating by DA Davidson on Wednesday, February 27. Needham maintained Veeva Systems Inc. (NYSE:VEEV) rating on Wednesday, February 27. Needham has “Buy” rating and $135 target. The stock has “Market Outperform” rating by JMP Securities on Thursday, May 30.

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

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