Salesforce, Inc. (NYSE:CRM) Shares Sold by Savant Capital LLC

Savant Capital LLC decreased its holdings in Salesforce, Inc. (NYSE:CRM) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,327 shares of the CRM provider’s stock after selling 72 shares during the quarter. Savant Capital LLC’s holdings in Salesforce were worth $5,124,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CRM. Infrastructure Capital Advisors LLC acquired a new position in shares of Salesforce in the third quarter worth about $27,000. Compass Financial Services Inc acquired a new position in shares of Salesforce in the fourth quarter worth about $30,000. Godsey & Gibb Inc. lifted its stake in shares of Salesforce by 300.0% in 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. Annapolis Financial Services LLC lifted its stake in shares of Salesforce by 135.6% in 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 in the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in Salesforce during the third quarter valued at approximately $53,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Analysts Set New Price Targets

CRM has been the topic of several research reports. Loop Capital upped their price objective on Salesforce from $340.00 to $360.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. upped their price objective on Salesforce from $340.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Robert W. Baird upped their price objective on Salesforce from $340.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Scotiabank upped their price objective on Salesforce from $425.00 to $440.00 and gave the company a “sector outperform” rating in a research note on Wednesday, December 4th. Finally, BMO Capital Markets upped their price objective on Salesforce from $385.00 to $425.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $377.63.

Salesforce Price Performance

Shares of NYSE:CRM opened at $326.95 on Tuesday. Salesforce, Inc. has a one year low of $212.00 and a one year high of $369.00. The stock has a fifty day moving average of $338.97 and a 200-day moving average of $301.03. The company has a market capitalization of $312.89 billion, a PE ratio of 53.77, a price-to-earnings-growth ratio of 2.66 and a beta of 1.31. 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 (NYSE:CRM) last announced its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $2.41 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.03). Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The company had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.35 billion. During the same quarter last year, the company posted $1.62 EPS. Salesforce’s revenue was up 8.3% on a year-over-year basis. As a group, equities analysts anticipate that Salesforce, Inc. will post 7.48 EPS 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 given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.49%. Salesforce’s dividend payout ratio (DPR) is presently 26.32%.

Insider Activity

In other news, CFO Amy E. Weaver sold 6,221 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $335.94, for a total value of $2,089,882.74. Following the completion of the sale, the chief financial officer now owns 46,750 shares of the company’s stock, valued at $15,705,195. This trade represents a 11.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Sundeep G. Reddy sold 436 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total value of $144,874.08. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 1,111,420 shares of company stock worth $384,366,700. 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.