Sun Sep 15 14:13:28 UTC 2024: ## American Century Companies Increases Stake in Veeva Systems
**New York, NY – September 15, 2024** – American Century Companies Inc. has increased its stake in Veeva Systems Inc. (NYSE: VEEV) by 4.7% during the second quarter, according to the firm’s recent 13F filing. The investment firm now owns 453,505 shares of the technology company, valued at $82,996,000, representing approximately 0.28% of Veeva Systems. This move follows a trend of several institutional investors adjusting their holdings of VEEV.
Other notable changes include Advisors Asset Management Inc. acquiring a new position in Veeva Systems during the first quarter, while DSM Capital Partners LLC and Vermillion & White Wealth Management Group LLC both acquired new positions during the fourth quarter. Blue Trust Inc. significantly increased its position in Veeva Systems by 3,460.0% during the second quarter. First Financial Corp IN also purchased a new stake in the company during the first quarter.
In a separate development, Veeva Systems SVP Jonathan Faddis sold 2,353 shares of the company’s stock on August 21st, at an average price of $200.00, for a total transaction of $470,600.00. Following the sale, Faddis now owns 9,035 shares of Veeva Systems stock.
Analysts remain optimistic about Veeva Systems, with 16 out of 24 analysts issuing a “buy” rating, while seven have issued a “hold” rating and one a “sell” rating. The stock presently has an average rating of “Moderate Buy” and a consensus price target of $229.96, according to MarketBeat.com.
Veeva Systems Inc. is a leading provider of cloud-based software for the life sciences industry. Its solutions include Veeva Commercial Cloud, Veeva Vault PromoMats, Veeva Vault Medical, Veeva Crossix, Veeva OpenData, Veeva Link, and Veeva Compass.
First Piper 