As Veeva Systems (VEEV) Stock Price Declined, Shareholder Glynn Capital Management Trimmed by $5.78 Million Its Holding; As Interpublic Group Cos (IPG) Share Value Rose, Freestone Capital Holdings Lifted by $491,260 Its Holding

Veeva Systems Inc. (NYSE:VEEV) Logo

Glynn Capital Management Llc decreased its stake in Veeva Systems Inc. (VEEV) by 19.88% based on its latest 2018Q3 regulatory filing with the SEC. Glynn Capital Management Llc sold 53,504 shares as the company’s stock declined 12.12% with the market. The hedge fund held 215,608 shares of the prepackaged software company at the end of 2018Q3, valued at $23.47 million, down from 269,112 at the end of the previous reported quarter. Glynn Capital Management Llc who had been investing in Veeva Systems Inc. for a number of months, seems to be less bullish one the $14.34 billion market cap company. The stock increased 0.72% or $0.71 during the last trading session, reaching $98.68. About 623,306 shares traded. Veeva Systems Inc. (NYSE:VEEV) has risen 62.15% since January 11, 2018 and is uptrending. It has outperformed by 62.15% the S&P500. Some Historical VEEV News: 24/05/2018 – Veeva Systems Sees 2Q Rev $203M-$204M; 07/05/2018 – Veeva Announces Merck’s Expanded Use of Veeva CRM for Latin America and Asia Pacific; 02/05/2018 – Wells Capital Management Inc. Exits Position in Veeva; 24/05/2018 – VEEVA SYSTEMS INC VEEV.N FY2019 SHR VIEW $1.32, REV VIEW $818.8 MLN — THOMSON REUTERS l/B/E/S; 24/05/2018 – Veeva Systems 1Q Adj EPS 33c; 04/05/2018 – VEEVA SYSTEMS SAYS CEO PETER GASSNER’S TOTAL COMPENSATION IN 2018 $88.1 MLN WHICH INCLUDED OPTION AWARDS WORTH $87.8 MLN – SEC FILING; 06/03/2018 Ora, Inc. Unifies its Clinical Environment with Veeva to Accelerate Trial Execution; 07/05/2018 – Veeva Announces Merck‚Äôs Expanded Use of Veeva CRM for Latin America and Asia Pacific; 30/05/2018 – New Veeva Vault Training Provides Life Sciences a Modern Cloud Application for Effective Role-based Training; 24/05/2018 – VEEVA SEES 2Q ADJ EPS 33C TO 34C, EST. 32C

Freestone Capital Holdings Llc increased its stake in Interpublic Group Cos Inc (IPG) by 2.08% based on its latest 2018Q3 regulatory filing with the SEC. Freestone Capital Holdings Llc bought 22,330 shares as the company’s stock rose 0.35% while stock markets declined. The institutional investor held 1.09 million shares of the technology company at the end of 2018Q3, valued at $25.01 million, up from 1.07M at the end of the previous reported quarter. Freestone Capital Holdings Llc who had been investing in Interpublic Group Cos Inc for a number of months, seems to be bullish on the $8.52B market cap company. The stock decreased 0.43% or $0.09 during the last trading session, reaching $22.16. About 1.07 million shares traded. The Interpublic Group of Companies, Inc. (NYSE:IPG) has risen 13.42% since January 11, 2018 and is uptrending. It has outperformed by 13.42% the S&P500. Some Historical IPG News: 27/04/2018 – New Research Reveals Inauthentic Influencer Content On The Rise As Consumer Skepticism Grows; 27/04/2018 – Interpublic 1Q Rev $2.17B; 04/04/2018 – INTERPUBLIC GROUP OF COS. TO BBB+ FROM BBB BY FITCH; 22/04/2018 – DJ Interpublic Group of Companies Inc, Inst Holders, 1Q 2018 (IPG); 20/03/2018 – Lee Maicon Joins McCann N.A. as Chief Strategy Officer; 07/03/2018 – Mars Petcare, Michelson Found Animals Foundation, and R/GA Launch the Leap Venture Studio, the First Dedicated Accelerator Program for the $100B Pet Care Industry; 27/04/2018 – IPG CEO MICHAEL ROTH SAYS WORKING VERY CLOSELY WITH FACEBOOK TO SOLVE SOME PRIVACY ISSUES AFTER RECENT REVELATION OF DATA LEAK – CNBC; 18/04/2018 – McCann Health Launches First-Of-Its Kind Global Scientific Council; 03/05/2018 – Weber Shandwick Celebrates Wins Across 10 Categories with Clients at 2018 North America SABRE Awards; 27/04/2018 – CARE & McCann Health Launch “Pay the Price” Website for National Prescription Drug Take-Back Day

Analysts await Veeva Systems Inc. (NYSE:VEEV) to report earnings on February, 26. They expect $0.31 earnings per share, up 82.35% or $0.14 from last year’s $0.17 per share. VEEV’s profit will be $45.04 million for 79.58 P/E if the $0.31 EPS becomes a reality. After $0.35 actual earnings per share reported by Veeva Systems Inc. for the previous quarter, Wall Street now forecasts -11.43% negative EPS growth.

Since July 11, 2018, it had 0 insider purchases, and 31 sales for $31.18 million activity. MATEO ALAN sold 538 shares worth $53,020. $62,306 worth of Veeva Systems Inc. (NYSE:VEEV) was sold by SEKHRI PAUL J. $794,153 worth of Veeva Systems Inc. (NYSE:VEEV) was sold by Faddis Jonathan on Monday, December 17. Wallach Matthew J also sold $1.00 million worth of Veeva Systems Inc. (NYSE:VEEV) shares. Zuppas Eleni Nitsa sold $129,711 worth of Veeva Systems Inc. (NYSE:VEEV) on Saturday, September 1. Cabral Timothy S sold $2.58 million worth of Veeva Systems Inc. (NYSE:VEEV) on Wednesday, September 12.

Among 18 analysts covering Veeva Systems (NYSE:VEEV), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. Veeva Systems has $120 highest and $24 lowest target. $88.63’s average target is -10.18% below currents $98.68 stock price. Veeva Systems had 74 analyst reports since August 28, 2015 according to SRatingsIntel. Needham maintained the shares of VEEV in report on Wednesday, August 31 with “Buy” rating. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, August 31. The company was upgraded on Friday, May 26 by Bank of America. Stifel Nicolaus maintained Veeva Systems Inc. (NYSE:VEEV) rating on Friday, August 24. Stifel Nicolaus has “Buy” rating and $95 target. The stock of Veeva Systems Inc. (NYSE:VEEV) earned “Buy” rating by Stifel Nicolaus on Friday, October 5. Deutsche Bank maintained it with “Hold” rating and $70 target in Friday, May 25 report. The firm has “Buy” rating given on Thursday, October 12 by Needham. The rating was downgraded by JP Morgan to “Neutral” on Friday, March 9. As per Thursday, November 29, the company rating was maintained by KeyBanc Capital Markets. The firm has “Hold” rating given on Wednesday, November 25 by Deutsche Bank.

Glynn Capital Management Llc, which manages about $659.77M and $497.07M US Long portfolio, upped its stake in Halliburton Co. (NYSE:HAL) by 15,313 shares to 35,313 shares, valued at $1.43 million in 2018Q3, according to the filing.

Another recent and important Veeva Systems Inc. (NYSE:VEEV) news was published by Zacks.com which published an article titled: “Workiva Partners with Anaplan to Enhance Wdesk Performance – Zacks.com” on March 09, 2018.

Investors sentiment decreased to 1.48 in Q3 2018. Its down 0.31, from 1.79 in 2018Q2. It is negative, as 20 investors sold VEEV shares while 116 reduced holdings. 75 funds opened positions while 126 raised stakes. 104.55 million shares or 0.67% more from 103.85 million shares in 2018Q2 were reported. The Illinois-based First Amer Bank & Trust has invested 0.03% in Veeva Systems Inc. (NYSE:VEEV). Yorktown Mngmt accumulated 0.12% or 3,700 shares. Moreover, Parkside Fin Bank & Trust And Tru has 0.05% invested in Veeva Systems Inc. (NYSE:VEEV) for 1,436 shares. Raymond James Services Advisors invested 0.03% in Veeva Systems Inc. (NYSE:VEEV). 2,700 are owned by Griffin Asset Mgmt Inc. Brinker Cap Inc invested in 20,915 shares or 0.08% of the stock. Northwestern Mutual Wealth Mgmt invested in 5,110 shares or 0% of the stock. Jefferies Limited Liability Corp invested in 14,153 shares. Sheets Smith Wealth Mgmt holds 0.1% or 4,274 shares in its portfolio. Dsam Prns (London) holds 0.04% of its portfolio in Veeva Systems Inc. (NYSE:VEEV) for 2,213 shares. Netherlands-based Shell Asset Mngmt has invested 0.02% in Veeva Systems Inc. (NYSE:VEEV). Reliance Of Delaware has 0.06% invested in Veeva Systems Inc. (NYSE:VEEV) for 3,377 shares. Susquehanna Gp Ltd Liability Partnership owns 18,821 shares for 0% of their portfolio. Wells Fargo & Mn has 2.46M shares. Ent Ser Corporation invested in 0.01% or 106 shares.

Among 18 analysts covering Interpublic Group of Companies (NYSE:IPG), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. Interpublic Group of Companies had 61 analyst reports since September 7, 2015 according to SRatingsIntel. On Wednesday, July 26 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The stock of The Interpublic Group of Companies, Inc. (NYSE:IPG) has “Buy” rating given on Thursday, July 13 by BMO Capital Markets. The rating was upgraded by Pivotal Research to “Buy” on Monday, January 7. The firm has “Outperform” rating given on Thursday, October 22 by Telsey Advisory Group. The stock has “Buy” rating by BMO Capital Markets on Monday, October 16. The rating was maintained by Citigroup with “Buy” on Friday, October 19. The company was maintained on Wednesday, July 26 by Argus Research. The rating was maintained by Pivotal Research with “Buy” on Monday, October 17. Macquarie Research upgraded The Interpublic Group of Companies, Inc. (NYSE:IPG) on Friday, February 16 to “Neutral” rating. BMO Capital Markets maintained The Interpublic Group of Companies, Inc. (NYSE:IPG) rating on Monday, September 11. BMO Capital Markets has “Buy” rating and $26.0 target.

More notable recent The Interpublic Group of Companies, Inc. (NYSE:IPG) news were published by: Seekingalpha.com which released: “FBI contacts trade group in ad industry media-buying probe – Seeking Alpha” on October 10, 2018, also Globenewswire.com with their article: “IPG to Host National Day of Understanding Focused on Issues of Race, Ethnicity and Inclusion – GlobeNewswire” published on December 07, 2018, Seekingalpha.com published: “Acxiom closes sale of most of business to IPG – Seeking Alpha” on October 01, 2018. More interesting news about The Interpublic Group of Companies, Inc. (NYSE:IPG) were released by: Zacks.com and their article: “Here’s Why You Should Retain Interpublic (IPG) Stock Now – Zacks.com” published on January 04, 2019 as well as Businesswire.com‘s news article titled: “Shoe Carnival Names McCann Agency of Record to Elevate Brand Engagement – Business Wire” with publication date: January 09, 2019.

Since August 21, 2018, it had 0 buys, and 3 insider sales for $1.44 million activity. 50,000 The Interpublic Group of Companies, Inc. (NYSE:IPG) shares with value of $1.12 million were sold by Mergenthaler Frank. On Wednesday, October 31 GREENIAUS H JOHN sold $117,504 worth of The Interpublic Group of Companies, Inc. (NYSE:IPG) or 5,000 shares.

Freestone Capital Holdings Llc, which manages about $15.84 billion US Long portfolio, decreased its stake in Equinor Asa by 19,678 shares to 216,524 shares, valued at $6.11M in 2018Q3, according to the filing. It also reduced its holding in Procter And Gamble Co (NYSE:PG) by 3,891 shares in the quarter, leaving it with 68,403 shares, and cut its stake in Gap Inc Del (NYSE:GPS).

Veeva Systems Inc. (NYSE:VEEV) Institutional Positions Chart

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