756 Shares in Salesforce, Inc. (NYSE:CRM) Purchased by USA Financial Formulas

USA Financial Formulas acquired a new position in shares of Salesforce, Inc. (NYSE:CRM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 756 shares of the CRM provider’s stock, valued at approximately $253,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. ERn Financial LLC acquired a new stake in Salesforce during the fourth quarter worth about $262,000. BluePath Capital Management LLC raised its stake in Salesforce by 13.0% during the fourth quarter. BluePath Capital Management LLC now owns 4,120 shares of the CRM provider’s stock worth $1,315,000 after acquiring an additional 474 shares during the period. Sawyer & Company Inc raised its stake in Salesforce by 0.3% during the fourth quarter. Sawyer & Company Inc now owns 19,225 shares of the CRM provider’s stock worth $6,427,000 after acquiring an additional 62 shares during the period. Armstrong Advisory Group Inc. increased its stake in shares of Salesforce by 28.9% in the fourth quarter. Armstrong Advisory Group Inc. now owns 343 shares of the CRM provider’s stock valued at $115,000 after purchasing an additional 77 shares during the period. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Salesforce in the fourth quarter valued at approximately $10,931,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insiders Place Their Bets

In other news, insider R David Schmaier sold 1,785 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $344.00, for a total transaction of $614,040.00. Following the transaction, the insider now owns 19,116 shares in the company, valued at approximately $6,575,904. This trade represents a 8.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Amy E. Weaver sold 6,221 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $329.88, for a total transaction of $2,052,183.48. Following the transaction, the chief financial officer now owns 45,861 shares in the company, valued at $15,128,626.68. This represents a 11.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,183,838 shares of company stock worth $405,595,158 in the last quarter. 3.20% of the stock is currently owned by corporate insiders.

Salesforce Trading Down 0.1 %

Salesforce stock opened at $320.99 on Friday. The company has a 50 day moving average price of $337.05 and a 200 day moving average price of $290.87. Salesforce, Inc. has a 52 week low of $212.00 and a 52 week high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $307.18 billion, a price-to-earnings ratio of 52.79, a P/E/G ratio of 2.87 and a beta of 1.30.

Salesforce (NYSE:CRM) last released its earnings results 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 company had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.35 billion. During the same quarter in the previous year, the company earned $1.62 EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. Research 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. Shareholders of record on Wednesday, December 18th were given a $0.40 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $1.60 dividend on an annualized basis and a yield of 0.50%. Salesforce’s payout ratio is 26.32%.

Analyst Ratings Changes

CRM has been the topic of several analyst reports. Bank of America raised their price target on shares of Salesforce from $390.00 to $440.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. JMP Securities restated a “market outperform” rating and issued a $450.00 price target on shares of Salesforce in a research note on Wednesday, December 18th. Royal Bank of Canada raised their price target on shares of Salesforce from $300.00 to $420.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Guggenheim lowered shares of Salesforce from a “neutral” rating to a “sell” rating and set a $247.00 price target on the stock. in a research note on Monday, January 6th. Finally, Barclays raised their price target on shares of Salesforce from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $376.05.

Salesforce 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.