BSW Wealth Partners Acquires 511 Shares of Salesforce, Inc. (NYSE:CRM)

BSW Wealth Partners grew its stake in Salesforce, Inc. (NYSE:CRM) by 16.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,680 shares of the CRM provider’s stock after acquiring an additional 511 shares during the quarter. BSW Wealth Partners’ holdings in Salesforce were worth $1,007,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CRM. Ruedi Wealth Management Inc. grew its holdings in shares of Salesforce by 186.7% in the first quarter. Ruedi Wealth Management Inc. now owns 86 shares of the CRM provider’s stock worth $26,000 after acquiring an additional 56 shares during the period. Piscataqua Savings Bank raised its position in shares of Salesforce by 2,400.0% during the 2nd quarter. Piscataqua Savings Bank now owns 100 shares of the CRM provider’s stock valued at $26,000 after purchasing an additional 96 shares during the period. Clear Investment Research LLC lifted its position in shares of 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 acquiring an additional 98 shares in the last quarter. Godsey & Gibb Inc. grew its holdings in Salesforce by 300.0% during the 3rd quarter. Godsey & Gibb Inc. now owns 120 shares of the CRM provider’s stock valued at $33,000 after buying an additional 90 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Salesforce in the 2nd quarter valued at $33,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Parker Harris sold 1,400 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $251.62, for a total transaction of $352,268.00. Following the transaction, the insider now directly owns 117,581 shares of the company’s stock, valued at $29,585,731.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Sundeep G. Reddy sold 413 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $285.29, for a total transaction of $117,824.77. Following the completion of the transaction, the chief accounting officer now owns 7,006 shares of the company’s stock, valued at approximately $1,998,741.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Parker Harris sold 1,400 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $251.62, for a total transaction of $352,268.00. Following the completion of the sale, the insider now directly owns 117,581 shares in the company, valued at $29,585,731.22. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 148,303 shares of company stock worth $42,024,385. Insiders own 3.20% of the company’s stock.

Salesforce Stock Up 1.1 %

Shares of Salesforce stock traded up $3.35 on Friday, reaching $294.72. 3,527,502 shares of the company were exchanged, compared to its average volume of 3,816,890. The company has a market capitalization of $281.75 billion, a price-to-earnings ratio of 51.26, a PEG ratio of 2.64 and a beta of 1.29. The company has a 50-day moving average of $273.02 and a 200 day moving average of $263.27. Salesforce, Inc. has a one year low of $204.69 and a one year high of $318.71. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, August 28th. The CRM provider reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.20. Salesforce had a net margin of 15.44% and a return on equity of 12.01%. The company had revenue of $9.33 billion during the quarter, compared to analysts’ expectations of $9.22 billion. During the same quarter in the previous year, the business posted $1.63 earnings per share. Salesforce’s quarterly revenue was up 8.5% on a year-over-year basis. On average, equities research analysts forecast that Salesforce, Inc. will post 7.55 earnings per share for the current year.

Salesforce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Wednesday, September 18th were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.60 annualized dividend and a yield of 0.54%. Salesforce’s payout ratio is currently 27.83%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CRM shares. Cfra set a $343.00 price target on Salesforce in a research report on Thursday, October 17th. Wedbush boosted their price target on shares of Salesforce from $315.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Evercore ISI reiterated an “outperform” rating and issued a $300.00 target price on shares of Salesforce in a research note on Monday, August 26th. Roth Mkm reissued a “buy” rating and issued a $335.00 price objective on shares of Salesforce in a research report on Thursday, August 29th. Finally, TD Cowen raised their price target on shares of Salesforce from $285.00 to $290.00 and gave the stock a “hold” rating in a report on Thursday, August 29th. Nine investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $313.37.

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.