Householder Group Estate & Retirement Specialist LLC Sells 632 Shares of Veeva Systems Inc. (NYSE:VEEV)

Householder Group Estate & Retirement Specialist LLC decreased its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 52.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 567 shares of the technology company’s stock after selling 632 shares during the period. Householder Group Estate & Retirement Specialist LLC’s holdings in Veeva Systems were worth $119,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Avanza Fonder AB bought a new stake in Veeva Systems in the fourth quarter valued at about $2,299,000. Procyon Advisors LLC raised its position in shares of Veeva Systems by 11.9% in the 4th quarter. Procyon Advisors LLC now owns 3,796 shares of the technology company’s stock valued at $798,000 after acquiring an additional 405 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in Veeva Systems by 71.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 2,507 shares of the technology company’s stock worth $527,000 after acquiring an additional 1,045 shares during the last quarter. Park Avenue Securities LLC grew its holdings in Veeva Systems by 1.9% during the fourth quarter. Park Avenue Securities LLC now owns 12,228 shares of the technology company’s stock valued at $2,571,000 after purchasing an additional 233 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Veeva Systems by 182.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 60,072 shares of the technology company’s stock valued at $12,630,000 after purchasing an additional 38,793 shares in the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on VEEV shares. Bank of America upped their price objective on shares of Veeva Systems from $280.00 to $290.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Evercore ISI increased their target price on Veeva Systems from $220.00 to $245.00 and gave the stock an “in-line” rating in a research note on Friday, December 6th. Barclays lifted their price target on shares of Veeva Systems from $260.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. KeyCorp cut their price objective on shares of Veeva Systems from $285.00 to $255.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus increased their target price on Veeva Systems from $240.00 to $272.00 and gave the stock a “buy” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, Veeva Systems presently has an average rating of “Moderate Buy” and a consensus price target of $255.74.

Insider Activity at Veeva Systems

In other Veeva Systems news, SVP Jonathan Faddis sold 1,694 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $230.30, for a total value of $390,128.20. Following the completion of the sale, the senior vice president now owns 8,061 shares of the company’s stock, valued at $1,856,448.30. The trade was a 17.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thomas D. Schwenger sold 1,126 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $240.01, for a total transaction of $270,251.26. Following the transaction, the insider now directly owns 27,013 shares in the company, valued at $6,483,390.13. This represents a 4.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.50% of the stock is currently owned by corporate insiders.

Veeva Systems Stock Up 0.9 %

Shares of NYSE:VEEV opened at $216.67 on Friday. The stock has a market cap of $35.18 billion, a PE ratio of 53.50, a P/E/G ratio of 1.91 and a beta of 0.84. Veeva Systems Inc. has a 12-month low of $170.25 and a 12-month high of $258.93. The business has a 50 day moving average of $222.68 and a 200-day moving average of $209.23.

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.