Stifel Nicolaus Maintains Veeva Systems Inc to Buy with Price Target $45.00

Brokerage firm Stifel Nicolaus Maintains its rating on Veeva Systems Inc(NYSE:VEEV). In a research note issued to the investors, the brokerage major Raises the price-target to $45.00 per share. The shares have been rated Buy. The rating by Stifel Nicolaus was issued on Sep 30, 2016.

In a different note, On Aug 31, 2016, Canaccord Genuity said it Maintains its rating on Veeva Systems Inc. In the research note, the firm Raises the price-target to $35.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 31, 2016, Citigroup said it Maintains its rating on Veeva Systems Inc. In the research note, the firm Raises the price-target to $40.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 31, 2016, KeyBanc said it Maintains its rating on Veeva Systems Inc. In the research note, the firm Raises the price-target to $35.00 per share. The shares have been rated ‘Overweight’ by the firm. On Aug 31, 2016, Morgan Stanley said it Maintains its rating on Veeva Systems Inc. In the research note, the firm Raises the price-target to $44.00 per share. The shares have been rated ‘Overweight’ by the firm. Raymond James said it Initiates Coverage on Veeva Systems Inc, according to a research note issued on Aug 24, 2016. The shares have been rated ‘Market Perform’ by the firm. On Aug 23, 2016, Citigroup said it Maintains its rating on Veeva Systems Inc. In the research note, the firm Raises the price-target to $31.00 per share. The shares have been rated ‘Neutral’ by the firm.

Veeva Systems Inc (VEEV) shares turned negative on Tuesdays trading session with the shares closing down -0.91 points or -2.21% at a volume of 13,17,845. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $41.16. The peak price level was also seen at $41.16 while the days lowest was $40.04. Finally the shares closed at $40.31. The 52-week high of the shares is $42.58 while the 52-week low is $19.97. According to the latest information available, the market cap of the company is $5,490 M.

Veeva Systems Inc(VEEV) last announced its earnings results on Aug 30, 2016 for Fiscal Year 2017 and Q2.Company reported revenue of $131.35M. Analysts had an estimated revenue of $126.61M. Earnings per share were $0.15. Analysts had estimated an EPS of $0.13.

Several Insider Transactions has been reported to the SEC. On Sep 29, 2016, Matthew J Wallach (President) sold 84,000 shares at $41.47 per share price.Also, On Sep 16, 2016, Alan Mateo (EVP Global Sales) sold 2,716 shares at $39.90 per share price.On Sep 16, 2016, Timothy S Cabral (Chief Financial Officer) sold 35,875 shares at $39.88 per share price, according to the Form-4 filing with the securities and exchange commission.

Veeva Systems Inc. (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company’s industry cloud for life sciences consists of the solution sets: Veeva CRM its core customer relationship management solution and related solutions; Veeva Vault its regulated content management and collaboration solutions; Veeva Network its customer master data management solution and Veeva OpenKey its data and related services offerings. It provides updates to its software solutions three times per year. Updates are included in its subscription and are not subject to an additional fee. Upgrades are implemented by Veeva in its cloud computing environment such that when a new update is put into production the prior version is replaced. Veeva OpenKey customer data is available in Australia China France Italy the United Kingdom and the United States.

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