Newest Short Interest Filing: Is Veeva Systems Incorporated (NYSE:VEEV) a Buy? The Stock Reported more Sellers

November 18, 2016 - By Vivian Park   ·   0 Comments

Newest Short Interest Filing: Is Veeva Systems Incorporated (NYSE:VEEV) a Buy? The Stock Reported more Sellers

The stock of Veeva Systems Incorporated (NYSE:VEEV) registered an increase of 3.15% in short interest. VEEV’s total short interest was 7.10M shares in November as published by FINRA. Its up 3.15% from 6.88M shares, reported previously. With 1.26M shares average volume, it will take short sellers 6 days to cover their VEEV’s short positions. The short interest to Veeva Systems Incorporated’s float is 8.16%. About 911,583 shares traded hands. Veeva Systems Inc (NYSE:VEEV) has risen 63.04% since April 18, 2016 and is uptrending. It has outperformed by 58.60% the S&P500.

Veeva Systems Inc. is a provider of cloud software solutions for the global life sciences industry. The company has a market cap of $5.82 billion. The Firm offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data. It has a 107.29 P/E ratio.

Insitutional Activity: The institutional sentiment decreased to 1.74 in 2016 Q2. Its down 0.05, from 1.79 in 2016Q1. The ratio is negative, as 18 funds sold all Veeva Systems Inc shares owned while 50 reduced positions. 48 funds bought stakes while 74 increased positions. They now own 92.06 million shares or 3.74% more from 88.74 million shares in 2016Q1.
The Connecticut-based Trexquant Inv Ltd Partnership has invested 0.05% in Veeva Systems Inc (NYSE:VEEV). Credit Agricole S A holds 15,300 shares or 0% of its portfolio. Mackenzie has 0.01% invested in the company for 77,789 shares. Nationwide Fund Advsr holds 0.07% or 504,162 shares in its portfolio. Glenmede Na has 0% invested in the company for 24,145 shares. Telemus Ltd Llc has invested 0.1% of its portfolio in Veeva Systems Inc (NYSE:VEEV). Tygh Capital Management holds 118,278 shares or 1.14% of its portfolio. Ironwood Financial Ltd Liability Corp last reported 0% of its portfolio in the stock. The New York-based Goldman Sachs Gp has invested 0.03% in Veeva Systems Inc (NYSE:VEEV). Ibm Retirement Fund last reported 0.01% of its portfolio in the stock. California State Teachers Retirement System has invested 0.01% of its portfolio in Veeva Systems Inc (NYSE:VEEV). Alps Advisors Inc accumulated 0% or 15,729 shares. Moreover, Blackrock Advsr Limited Co has 0.06% invested in Veeva Systems Inc (NYSE:VEEV) for 1.69 million shares. Two Sigma Securities Ltd Co accumulated 0.44% or 23,688 shares. Teacher Retirement Sys Of Texas has 0% invested in the company for 10,218 shares.

Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 36 selling transactions for $35.60 million net activity. 500 shares were sold by Faddis Jonathan, worth $20,155 on Wednesday, October 5. 341 Veeva Systems Inc (NYSE:VEEV) shares with value of $11,737 were sold by Mateo Alan. $718,297 worth of shares were sold by Ritter Gordon on Wednesday, July 27. Another trade for 35,875 shares valued at $1.43 million was made by Cabral Timothy S on Wednesday, September 14. 17,593 shares with value of $663,714 were sold by SEKHRI PAUL J on Tuesday, October 11. $3.19 million worth of Veeva Systems Inc (NYSE:VEEV) was sold by Wallach Matthew J. $81,000 worth of Veeva Systems Inc (NYSE:VEEV) shares were sold by CODD RONALD E F.

Veeva Systems Inc (NYSE:VEEV) Ratings Coverage

Out of 13 analysts covering Veeva Systems (NYSE:VEEV), 6 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 46% are positive. Veeva Systems has been the topic of 24 analyst reports since August 28, 2015 according to StockzIntelligence Inc. On Friday, June 17 the stock rating was initiated by Bank of America with “Neutral”. Deutsche Bank maintained Veeva Systems Inc (NYSE:VEEV) rating on Wednesday, November 25. Deutsche Bank has “Hold” rating and $28 price target. Needham initiated it with “Buy” rating and $33 target price in Monday, January 4 report. The stock has “Neutral” rating given by Goldman Sachs on Tuesday, October 4. Morgan Stanley maintained Veeva Systems Inc (NYSE:VEEV) on Wednesday, March 2 with “Overweight” rating. On Wednesday, August 24 the stock rating was initiated by Raymond James with “Market Perform”. The firm earned “Overweight” rating on Friday, May 27 by JP Morgan. The stock has “Neutral” rating given by Citigroup on Tuesday, August 23. As per Friday, September 30, the company rating was maintained by Stifel Nicolaus. Leerink Swann maintained Veeva Systems Inc (NYSE:VEEV) rating on Wednesday, November 25. Leerink Swann has “Market Perform” rating and $29 price target.

VEEV Company Profile

Veeva Systems Inc. (Veeva), incorporated on January 12, 2007, is a well-known provider of cloud software solutions for the global life sciences industry. The Firm offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data. The Firm offers solutions to areas, including the Veeva CRM family of applications for multichannel customer relationship management to enable coordinated and personalized customer engagement through multiple touch points; Veeva Vault for regulated content management and information management solutions to enable the management of content-centric processes; the Veeva Network master data management solutions for the management of customer master and product master data, and Veeva’s data and data services offerings, including Veeva OpenData for customer reference data and Veeva KOL Data for data.

More notable recent Veeva Systems Inc (NYSE:VEEV) news were published by: Fool.com which released: “Veeva Systems Inc Is Just Getting Started” on May 31, 2016, also Fool.com with their article: “Veeva Systems Inc. Spoils Shareholders Once Again With a Great Quarter” published on August 31, 2016, Fool.com published: “Can Veeva Systems Inc. Keep Its Impressive Streak Going?” on August 26, 2016. More interesting news about Veeva Systems Inc (NYSE:VEEV) were released by: Zacks.com and their article: “Can Veeva Systems (VEEV) Pull a Surprise in Q3 Earnings?” published on November 17, 2016 as well as Fool.com‘s news article titled: “3 Categories to Watch When Veeva Systems Inc Reports Earnings” with publication date: May 26, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Vivian Park


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>