By otakuyassine3@gmail.com 
FSC Wealth Advisors LLC bought a new position in Salesforce, Inc. (NYSE:CRM – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 178 shares of the CRM provider’s stock, valued at approximately $60,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Infrastructure Capital Advisors LLC purchased a new position in Salesforce in the 3rd quarter worth about $27,000. Strategic Investment Solutions Inc. IL bought a new position in Salesforce in the 2nd quarter worth about $33,000. Godsey & Gibb Inc. increased its position in shares of Salesforce by 300.0% during the third quarter. Godsey & Gibb Inc. now owns 120 shares of the CRM provider’s stock worth $33,000 after acquiring an additional 90 shares during the period. Annapolis Financial Services LLC raised its stake in shares of Salesforce by 135.6% during the third quarter. Annapolis Financial Services LLC now owns 139 shares of the CRM provider’s stock valued at $38,000 after acquiring an additional 80 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in shares of Salesforce in the third quarter valued at approximately $53,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Wedbush reaffirmed an “outperform” rating and set a $425.00 target price on shares of Salesforce in a research report on Wednesday, December 18th. DA Davidson lifted their price objective on Salesforce from $250.00 to $300.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Robert W. Baird increased their target price on shares of Salesforce from $340.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. UBS Group boosted their price target on shares of Salesforce from $275.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Finally, TD Cowen upgraded shares of Salesforce from a “hold” rating to a “buy” rating and increased their price objective for the company from $380.00 to $400.00 in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $377.63.
Check Out Our Latest Research Report on Salesforce
Insider Buying and Selling
In related news, COO Brian Millham sold 708 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $332.28, for a total transaction of $235,254.24. Following the sale, the chief operating officer now owns 1,239 shares in the company, valued at approximately $411,694.92. This trade represents a 36.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Sundeep G. Reddy sold 500 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $290.23, for a total transaction of $145,115.00. Following the completion of the transaction, the chief accounting officer now owns 6,506 shares of the company’s stock, valued at approximately $1,888,236.38. This trade represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,109,169 shares of company stock valued at $383,432,020 over the last ninety days. Company insiders own 3.20% of the company’s stock.
Salesforce Price Performance
Shares of NYSE:CRM opened at $347.26 on Tuesday. Salesforce, Inc. has a twelve month low of $212.00 and a twelve month high of $369.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14. The company has a market cap of $332.33 billion, a PE ratio of 57.12, a price-to-earnings-growth ratio of 3.01 and a beta of 1.30. The company’s 50 day moving average is $336.73 and its 200 day moving average is $294.60.
Salesforce (NYSE:CRM – Get Free Report) last released its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.03). The business had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.35 billion. Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.62 EPS. On average, sell-side analysts forecast that Salesforce, Inc. will post 7.48 EPS for the current year.
Salesforce Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were paid a $0.40 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.46%. Salesforce’s payout ratio is 26.32%.
About Salesforce
Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company’s service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.
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