ST Germain D J Co. Inc. Acquires 57 Shares of Salesforce, Inc. (NYSE:CRM)

ST Germain D J Co. Inc. boosted its stake in shares of Salesforce, Inc. (NYSE:CRM) by 0.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 22,676 shares of the CRM provider’s stock after buying an additional 57 shares during the period. ST Germain D J Co. Inc.’s holdings in Salesforce were worth $7,581,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Infrastructure Capital Advisors LLC purchased a new position in Salesforce during the 3rd quarter valued at $27,000. Clear Investment Research LLC raised its holdings in shares of Salesforce by 816.7% in the 2nd quarter. Clear Investment Research LLC now owns 110 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 98 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Salesforce during the second quarter worth $33,000. Godsey & Gibb Inc. boosted its position in Salesforce by 300.0% during the 3rd quarter. Godsey & Gibb Inc. now owns 120 shares of the CRM provider’s stock valued at $33,000 after acquiring an additional 90 shares in the last quarter. Finally, Annapolis Financial Services LLC grew its stake in Salesforce by 135.6% in the third quarter. Annapolis Financial Services LLC now owns 139 shares of the CRM provider’s stock valued at $38,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CRM shares. Truist Financial restated a “buy” rating and set a $400.00 price target (up previously from $380.00) on shares of Salesforce in a research note on Wednesday, December 4th. Northland Securities reissued an “outperform” rating and set a $440.00 price objective (up from $400.00) on shares of Salesforce in a report on Wednesday, December 4th. Cfra set a $343.00 target price on Salesforce in a research note on Thursday, October 17th. DA Davidson boosted their price target on Salesforce from $250.00 to $300.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Oppenheimer restated an “outperform” rating and issued a $415.00 price objective (up from $385.00) on shares of Salesforce in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $376.05.

Salesforce Price Performance

Shares of NYSE:CRM traded down $8.75 during trading on Friday, reaching $318.15. The stock had a trading volume of 2,842,683 shares, compared to its average volume of 4,287,521. The stock has a market cap of $304.47 billion, a PE ratio of 52.33, a PEG ratio of 3.21 and a beta of 1.30. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. Salesforce, Inc. has a 1-year low of $212.00 and a 1-year high of $369.00. The business has a fifty day moving average price of $335.36 and a 200-day moving average price of $288.53.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.03). The firm had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.35 billion. Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.62 EPS. On average, equities analysts forecast that Salesforce, Inc. will post 7.48 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 18th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Wednesday, December 18th. Salesforce’s dividend payout ratio (DPR) is 26.32%.

Insider Activity

In related news, COO Brian Millham sold 6,161 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $289.75, for a total value of $1,785,149.75. Following the sale, the chief operating officer now owns 969 shares of the company’s stock, valued at approximately $280,767.75. This represents a 86.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Parker Harris sold 4,200 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $289.87, for a total transaction of $1,217,454.00. Following the transaction, the insider now directly owns 118,514 shares in the company, valued at $34,353,653.18. The trade was a 3.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,181,817 shares of company stock valued at $404,760,429. 3.20% of the stock is currently owned by company insiders.

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.