624 Shares in Salesforce, Inc. (NYSE:CRM) Acquired by Bill Few Associates Inc.

Bill Few Associates Inc. purchased a new stake in Salesforce, Inc. (NYSE:CRM) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 624 shares of the CRM provider’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRM. MinichMacGregor Wealth Management LLC bought a new stake in shares of Salesforce in the 4th quarter valued at approximately $240,000. Raleigh Capital Management Inc. raised its stake in Salesforce by 27.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 2,367 shares of the CRM provider’s stock worth $791,000 after acquiring an additional 509 shares in the last quarter. D.B. Root & Company LLC bought a new position in shares of Salesforce during the fourth quarter valued at $218,000. Echo45 Advisors LLC acquired a new stake in shares of Salesforce in the 4th quarter valued at $220,000. Finally, Olistico Wealth LLC grew its holdings in shares of Salesforce by 3.2% in the 4th quarter. Olistico Wealth LLC now owns 1,622 shares of the CRM provider’s stock worth $542,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Analyst Upgrades and Downgrades

CRM has been the topic of a number of recent analyst reports. 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 research report on Friday, November 22nd. Canaccord Genuity Group increased their price target on Salesforce from $315.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Barclays boosted their price objective on Salesforce from $415.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Citigroup raised their target price on Salesforce from $368.00 to $390.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley increased their price objective on shares of Salesforce from $330.00 to $405.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $377.63.

Salesforce Stock Up 1.8 %

CRM stock opened at $332.67 on Thursday. The stock has a market capitalization of $318.37 billion, a P/E ratio of 54.72, a P/E/G ratio of 2.95 and a beta of 1.30. The business has a 50-day moving average of $336.50 and a 200-day moving average of $293.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. Salesforce, Inc. has a fifty-two week low of $212.00 and a fifty-two week high of $369.00.

Salesforce (NYSE:CRM) last announced its 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). Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The business had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.35 billion. During the same quarter in the previous year, the company posted $1.62 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Salesforce, Inc. will post 7.48 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Wednesday, December 18th. Salesforce’s dividend payout ratio is currently 26.32%.

Insider Transactions at Salesforce

In other Salesforce news, CAO Sundeep G. Reddy sold 500 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $290.23, for a total transaction of $145,115.00. Following the transaction, the chief accounting officer now owns 6,506 shares in the company, valued at $1,888,236.38. This trade represents a 7.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Parker Harris sold 4,200 shares of Salesforce stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $298.04, for a total transaction of $1,251,768.00. Following the completion of the transaction, the insider now directly owns 119,402 shares in the company, valued at $35,586,572.08. This trade represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,171,198 shares of company stock worth $401,945,558 in the last ninety days. Insiders own 3.20% of the company’s stock.

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.