B.O.S.S. Retirement Advisors LLC Sells 12,544 Shares of Salesforce, Inc. (NYSE:CRM)

B.O.S.S. Retirement Advisors LLC lowered its position in Salesforce, Inc. (NYSE:CRM) by 95.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 654 shares of the CRM provider’s stock after selling 12,544 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in Salesforce were worth $219,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Infrastructure Capital Advisors LLC bought a new stake in Salesforce in the 3rd quarter valued at $27,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Salesforce during the second quarter worth about $33,000. Godsey & Gibb Inc. raised its position in Salesforce by 300.0% in 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 during the last quarter. Annapolis Financial Services LLC lifted its stake in Salesforce by 135.6% in the 3rd quarter. Annapolis Financial Services LLC now owns 139 shares of the CRM provider’s stock valued at $38,000 after acquiring an additional 80 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new position in Salesforce during the 3rd quarter worth approximately $53,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Activity at Salesforce

In other Salesforce news, CFO Amy E. Weaver sold 897 shares of Salesforce stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total transaction of $298,055.16. Following the transaction, the chief financial officer now directly owns 46,750 shares of the company’s stock, valued at approximately $15,534,090. The trade was a 1.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Sundeep G. Reddy sold 500 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $290.23, for a total value of $145,115.00. Following the completion of the sale, the chief accounting officer now directly owns 6,506 shares of the company’s stock, valued at approximately $1,888,236.38. The trade was a 7.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,173,891 shares of company stock worth $402,840,388 in the last quarter. 3.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CRM. Jefferies Financial Group lifted their price objective on shares of Salesforce from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Macquarie restated a “neutral” rating and set a $370.00 price objective on shares of Salesforce in a research note on Wednesday, December 18th. UBS Group upped their target price on Salesforce from $275.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. KeyCorp raised Salesforce from a “sector weight” rating to an “overweight” rating and set a $440.00 price target on the stock in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. increased their price objective on Salesforce from $340.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $377.63.

Salesforce Stock Down 0.4 %

Shares of CRM opened at $333.47 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. Salesforce, Inc. has a one year low of $212.00 and a one year high of $369.00. The company has a market cap of $319.13 billion, a P/E ratio of 54.85, a P/E/G ratio of 3.01 and a beta of 1.30. The firm has a 50 day simple moving average of $336.73 and a two-hundred day simple moving average of $294.01.

Salesforce (NYSE:CRM) last issued its earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share 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 during the quarter, compared to analyst estimates of $9.35 billion. During the same quarter in the prior year, the business earned $1.62 EPS. The business’s quarterly revenue was up 8.3% on a year-over-year basis. Research analysts forecast that Salesforce, Inc. will post 7.48 EPS for the current fiscal year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Wednesday, December 18th. Salesforce’s dividend payout ratio is currently 26.32%.

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.