Published: Fri, May 26, 2017
Money | By Armando Alvarado

Veeva Systems Inc (VEEV) Updates FY18 Earnings Guidance

Veeva Systems Inc (VEEV) Updates FY18 Earnings Guidance

The stock has "Market Outperform" rating by JMP Securities on Friday, December 16. The firm has "Buy" rating by Bank of America given on Tuesday, July 19. The stock has "Neutral" rating by Citigroup on Friday, May 27. The mean rating score for this stock is at 3.00.

08/24/2016 - Raymond James began new coverage on Veeva Systems Inc. giving the company a "market perform" rating. They now have a United States dollars 30 price target on the stock. Veeva Systems has a 12 month low of $28.76 and a 12 month high of $61.50. Cim LLC raised its stake in Veeva Systems by 1.9% in the first quarter. $3.63 million worth of Veeva Systems Inc (NYSE:VEEV) was sold by Wallach Matthew J. The stock now has Monthly Volatility of 2.39% and Weekly Volatility of 3.84%. About 1.33 million shares traded or 14.66% up from the average. Veeva Systems Inc (NYSE:VEEV) has risen 114.93% since May 24, 2016 and is uptrending. It has outperformed by 98.23% the S&P500. Therefore 54% are positive.

10/01/2015 - Veeva Systems Inc. had its "buy" rating reiterated by analysts at UBS. Pacer Advisors Inc.'s holdings in Veeva Systems were worth $682,000 at the end of the most recent reporting period.

03/02/2016 - Veeva Systems Inc. had its "hold" rating reiterated by analysts at Deutsche Bank. JP Morgan maintained the stock with "Overweight" rating in Friday, May 27 report. The rating was maintained by Citigroup on Tuesday, August 23 with "Neutral". Canaccord Genuity maintained the shares of VEEV in report on Friday, May 27 with "Buy" rating. (NYSE:VEEV) have increased their transactions by 4.65%. Stifel Nicolaus reiterated a buy rating and issued a $60.00 price target (up from $50.00) on shares of Veeva Systems in a research note on Sunday. The stock closing price is now trading upward to its 50 day moving average with change of 15.13%, escalated to its 20 day moving average with figure of 8.24% and above its 200 day moving average with value 36.79%. Moreover, Glynn Capital Management Llc has 2.82% invested in the company for 203,055 shares. The investment managers in our partner's database now own: 91.95 million shares, up from 90.08 million shares in 2016Q3. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share. It is 0.00% or $0 reaching $0.017 per share.

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According to the SEC's latest filings, institutions owning shares of Veeva Systems Inc. Ftb Advisors Inc owns 439 shares. De Burlo Group Inc acquired 49,600 shares as Microchip Technology Inc (MCHP)'s stock rose 11.86%. Cullinan Assocs holds 0.08% or 13,750 shares in its portfolio. VEEV's value Change from Open was at 0.55% with a Gap of 0.74%. Capstone Investment Advsrs Llc reported 0.11% of its portfolio in Veeva Systems Inc (NYSE:VEEV). Glenmede Tru Na accumulated 0% or 660 shares.

Tygh Capital Management Inc decreased Waste Connections Inc stake by 77,216 shares to 48,123 valued at $3.78 million in 2016Q4. It also reduced Starbucks Corp (NASDAQ:SBUX) stake by 5,900 shares and now owns 57,600 shares. Pra Health Sciences Inc was reduced too.

Since January 1, 0001, it had 0 insider purchases, and 42 insider sales for $31.98 million activity. Also, EVP Alan Mateo sold 8,801 shares of the stock in a transaction that occurred on Friday, March 3rd. $39,947 worth of Veeva Systems Inc (NYSE:VEEV) was sold by Lequient Frederic on Wednesday, March 1. The stock was sold at an average price of $58.29, for a total transaction of $594,558.00.

AU Optronics a thin-film-transistor liquid-crystal display panel provider. The company has a market capitalization of $8.39 billion, a P/E ratio of 128.70 and a beta of 1.67. The Firm operates in two business divisions: display business and solar business. An increasing ROE indicates that a company is improving its ability to make profit without requiring as much capital.

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