1,654 Shares in Salesforce, Inc. (NYSE:CRM) Bought by Corps Capital Advisors LLC

Corps Capital Advisors LLC acquired a new position in shares of Salesforce, Inc. (NYSE:CRM) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,654 shares of the CRM provider’s stock, valued at approximately $553,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Infrastructure Capital Advisors LLC acquired a new position in Salesforce during the third quarter worth $27,000. Arlington Trust Co LLC raised its holdings in Salesforce by 85.1% during the fourth quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock worth $29,000 after purchasing an additional 40 shares during the last quarter. Compass Financial Services Inc acquired a new position in Salesforce during the fourth quarter worth $30,000. Asset Planning Inc acquired a new position in shares of Salesforce in the fourth quarter worth $31,000. Finally, Collier Financial acquired a new position in shares of Salesforce in the fourth quarter worth $32,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Down 1.5 %

NYSE:CRM opened at $324.19 on Thursday. The firm has a market capitalization of $310.25 billion, a PE ratio of 53.32, a price-to-earnings-growth ratio of 2.62 and a beta of 1.31. The stock has a 50 day moving average of $335.02 and a 200-day moving average of $304.66. Salesforce, Inc. has a 52 week low of $212.00 and a 52 week 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.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $9.35 billion. During the same period last year, the company earned $1.62 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Analysts predict that Salesforce, Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 18th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Wednesday, December 18th. Salesforce’s dividend payout ratio (DPR) is 26.32%.

Wall Street Analyst Weigh In

CRM has been the subject of a number of analyst reports. Guggenheim cut Salesforce from a “neutral” rating to a “sell” rating and set a $247.00 price target for the company. in a report on Monday, January 6th. Jefferies Financial Group boosted their price target on Salesforce from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Redburn Atlantic initiated coverage on Salesforce in a report on Wednesday. They issued a “buy” rating for the company. Macquarie reissued a “neutral” rating and issued a $370.00 price target on shares of Salesforce in a report on Wednesday, December 18th. Finally, Barclays lifted their price objective on Salesforce from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-two have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $376.84.

Insider Buying and Selling

In other Salesforce news, CAO Sundeep G. Reddy sold 436 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total transaction of $144,874.08. Following the completion of the transaction, the chief accounting officer now directly owns 7,057 shares of the company’s stock, valued at approximately $2,344,899.96. This trade represents a 5.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Amy E. Weaver sold 6,221 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $328.18, for a total value of $2,041,607.78. Following the transaction, the chief financial officer now directly owns 46,750 shares of the company’s stock, valued at approximately $15,342,415. The trade was a 11.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,117,641 shares of company stock valued at $386,408,308 in the last three months. 3.20% of the stock is currently owned by corporate insiders.

Salesforce Company Profile

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.