Diversified Trust Co Buys 3,706 Shares of Salesforce, Inc. (NYSE:CRM)

Diversified Trust Co increased its position in shares of Salesforce, Inc. (NYSE:CRM) by 30.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,899 shares of the CRM provider’s stock after acquiring an additional 3,706 shares during the quarter. Diversified Trust Co’s holdings in Salesforce were worth $5,316,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Infrastructure Capital Advisors LLC bought a new position in shares of Salesforce during the third quarter worth $27,000. Clear Investment Research LLC lifted its stake in Salesforce by 816.7% in the second quarter. Clear Investment Research LLC now owns 110 shares of the CRM provider’s stock valued at $28,000 after buying an additional 98 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Salesforce in the second quarter valued at approximately $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 in the last quarter. Finally, Annapolis Financial Services LLC raised its holdings 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 worth $38,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CRM. BMO Capital Markets increased their target price on Salesforce from $385.00 to $425.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. TD Cowen lifted their target price on Salesforce from $290.00 to $340.00 and gave the company a “hold” rating in a research report on Thursday, November 21st. KeyCorp raised Salesforce from a “sector weight” rating to an “overweight” rating and set a $440.00 price target for the company in a research report on Friday, December 13th. Cfra set a $343.00 price objective on shares of Salesforce in a report on Thursday, October 17th. Finally, Wedbush restated an “outperform” rating and set a $425.00 target price on shares of Salesforce in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $375.39.

Salesforce Price Performance

Shares of CRM traded down $3.40 during trading hours on Tuesday, hitting $327.13. 1,837,887 shares of the company were exchanged, compared to its average volume of 4,095,802. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. Salesforce, Inc. has a fifty-two week low of $212.00 and a fifty-two week high of $369.00. The company has a market cap of $313.06 billion, a price-to-earnings ratio of 53.80, a P/E/G ratio of 3.21 and a beta of 1.30. The firm’s fifty day moving average is $333.53 and its 200 day moving average is $287.43.

Salesforce (NYSE:CRM) last announced 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). The firm had revenue of $9.44 billion for 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 company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.62 earnings per share. On average, equities analysts anticipate that Salesforce, Inc. will post 7.48 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Wednesday, December 18th. Salesforce’s payout ratio is presently 26.32%.

Insider Buying and Selling at Salesforce

In other Salesforce news, insider Parker Harris sold 4,200 shares of Salesforce stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $289.87, for a total value of $1,217,454.00. Following the transaction, the insider now owns 118,514 shares in the company, valued at $34,353,653.18. The trade was a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director G Mason Morfit sold 722,300 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $346.11, for a total value of $249,995,253.00. Following the transaction, the director now directly owns 3,192,009 shares of the company’s stock, valued at approximately $1,104,786,234.99. The trade was a 18.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,181,817 shares of company stock valued at $404,760,429. 3.20% of the stock is currently owned by corporate insiders.

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.