<div id="readability-page-1"><p>Arthur M. Cohen &amp; Associates LLC lessened its position in shares of  Veeva Systems Inc. (NYSE:VEEV - Free Report) by 6.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor  owned 15,577 shares of the technology company's stock after selling 1,040 shares during the quarter. Veeva Systems makes up  about  0.7% of Arthur M. Cohen &amp; Associates LLC's investment portfolio, making the stock its 27th largest position. Arthur M. Cohen &amp; Associates LLC's holdings in Veeva Systems were worth $3,608,000 at the end of the most recent reporting period.</p><div><p><span></span><span>Get <strong>Veeva Systems</strong> alerts:</span></p></div><ul><li>Veeva’s Stock Jumps on Stellar Q2 Results—Don’t Miss Out</li></ul><p>A number of other institutional investors and hedge funds have also modified their holdings of VEEV. Cardinal Capital Management lifted its position in  Veeva Systems by 0.3% in the fourth quarter. Cardinal Capital Management now owns 15,727 shares of the technology company's stock worth $3,307,000 after purchasing an additional 44 shares during the period.  Johnson Financial Group Inc. lifted its position in  Veeva Systems by 22.7% in the fourth quarter. Johnson Financial Group Inc. now owns 238 shares of the technology company's stock worth $56,000 after purchasing an additional 44 shares during the period.  Old North State Wealth Management LLC lifted its position in  Veeva Systems by 0.4% in the fourth quarter. Old North State Wealth Management LLC now owns 15,351 shares of the technology company's stock worth $3,228,000 after purchasing an additional 55 shares during the period.  Colonial Trust Co SC lifted its position in  Veeva Systems by 30.3% in the fourth quarter. Colonial Trust Co SC now owns 241 shares of the technology company's stock worth $51,000 after purchasing an additional 56 shares during the period.  Finally, Twin City Private Wealth LLC lifted its position in  Veeva Systems by 2.9% in the fourth quarter. Twin City Private Wealth LLC now owns 2,036 shares of the technology company's stock worth $428,000 after purchasing an additional 58 shares during the period. 88.20% of the stock is currently owned by institutional investors. </p><h2>Veeva Systems Stock Performance</h2><p>Shares of NYSE:VEEV opened at $282.96 on Thursday. Veeva Systems Inc. has a twelve month low of $176.41 and a twelve month high of $289.43. The firm has a market cap of $46.04 billion, a PE ratio of 69.87, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The business has a fifty day moving average of $233.26 and a 200-day moving average of $229.03. </p><ul><li>Veeva Systems: Increasing NDR and Other Wins</li></ul><p>Veeva Systems (NYSE:VEEV - Get Free Report) last announced its earnings results on Wednesday, May 28th. The technology company reported $1.97 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.23. Veeva Systems had a return on equity of 13.56% and a net margin of 25.07%. The company had revenue of $759.04 million during the quarter, compared to analyst estimates of $728.38 million. During the same period last year, the company posted $1.50 earnings per share. The firm's quarterly revenue was up 16.7% compared to the same quarter last year.  On average, analysts anticipate that  Veeva Systems Inc. will post 4.35 EPS for the current fiscal year. </p><h2>Insider Buying and Selling</h2><p>In related news, insider Thomas D. Schwenger sold 1,200 shares of Veeva Systems stock in a transaction dated Monday, April 14th. The stock was 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 directly owns 25,889 shares in the company, valued at $5,720,692.33. This trade represents a 4.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. Also, SVP Jonathan Faddis sold 787 shares of Veeva Systems stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $226.20, for a total value of $178,019.40. Following the completion of the sale, the senior vice president now owns 8,668 shares of the company's stock, valued at approximately $1,960,701.60. The trade was a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,869 shares of company stock worth $1,284,917 over the last three months. 10.30% of the stock is currently owned by company insiders. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>Veeva Systems <span>NYSE: VEEV<span></span></span> Stock a Buy: Cloud Software for Life Sciences</li></ul><p>VEEV has been the subject of several research reports. Piper Sandler raised their target price on Veeva Systems from $255.00 to $325.00 and gave the stock an &#34;overweight&#34; rating in a research report on Thursday, May 29th. Stifel Nicolaus raised their target price on Veeva Systems from $272.00 to $295.00 and gave the stock a &#34;buy&#34; rating in a research report on Thursday, May 29th. Stephens  reaffirmed an &#34;overweight&#34; rating and issued a $280.00 target price on shares of Veeva Systems in a research report on Thursday, March 6th. Morgan Stanley raised their target price on Veeva Systems from $201.00 to $210.00 and gave the stock an &#34;underweight&#34; rating in a research report on Thursday, May 29th. Finally, Robert W. Baird increased their price objective on Veeva Systems from $283.00 to $285.00 and gave the stock an &#34;outperform&#34; rating in a research note on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned  a buy rating to the company. According to MarketBeat.com, Veeva Systems  has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $269.80.</p><p><b>Read Our Latest Research Report on VEEV</b></p><h2>Veeva Systems Company Profile</h2> (Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Veeva Systems</li><li>How to Calculate Return on Investment (ROI)</li><li>Alphabet Stock Analysis: What's Next—Bull or Bear Market?</li><li>What Are Dividend Contenders? Investing in Dividend Contenders</li><li>3 Utilities Stocks With Big Earnings, Balanced Risk</li><li>Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?</li><li>NVIDIA Regains Top Spot; FOMO Is Why It Will Continue to Rise</li></ul><p><strong>Want to see what other hedge funds are holding VEEV?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Veeva Systems Inc. (NYSE:VEEV - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVZFRVY?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVZFRVY"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Veeva Systems Right Now?</h2><p>Before you consider Veeva Systems, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Veeva Systems wasn't on the list.</p><p>While Veeva Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

VEEV

<p>Arthur M. Cohen & Associates LLC reduced its stake in Veeva Systems Inc. (NYSE:VEEV) by 6.3%, selling 1,040 shares in Q1, now holding 15,577 shares valued at $3.6 million. Other institutional investors also adjusted their positions. Veeva's stock opened at $282.96, with a 12-month range of $176.41 to $289.43. The company reported Q1 earnings of $1.97 per share, exceeding estimates, with revenue of $759.04 million, up 16.7% year-over-year. Insiders sold a total of 5,869 shares in the last three months, representing 10.30% insider ownership.</p>

Arthur M. Cohen & Associates LLC Sells 1,040 Shares of Veeva Systems Inc. (NYSE:VEEV)