Salesforce, Inc. (NYSE:CRM) Stock Holdings Decreased by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC lessened its position in Salesforce, Inc. (NYSE:CRM) by 11.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,458 shares of the CRM provider’s stock after selling 195 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Salesforce were worth $399,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRM. Piscataqua Savings Bank grew its holdings in shares of Salesforce by 2,400.0% during the second quarter. Piscataqua Savings Bank now owns 100 shares of the CRM provider’s stock valued at $26,000 after buying an additional 96 shares in the last quarter. Clear Investment Research LLC grew its stake in Salesforce by 816.7% during the 2nd 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. increased its holdings in shares of 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 purchasing an additional 90 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Salesforce in the second quarter worth approximately $33,000. Finally, Stephens Consulting LLC boosted its holdings in shares of Salesforce by 3,125.0% during the second quarter. Stephens Consulting LLC now owns 129 shares of the CRM provider’s stock worth $33,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. TD Cowen upped their price objective on shares of Salesforce from $290.00 to $340.00 and gave the company a “hold” rating in a research note on Thursday. JMP Securities upped their price target on shares of Salesforce from $342.00 to $450.00 and gave the stock a “market outperform” rating in a research note on Friday. Royal Bank of Canada reissued an “outperform” rating and set a $300.00 price objective on shares of Salesforce in a research report on Thursday, September 19th. Stifel Nicolaus upped their target price on Salesforce from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company lifted their price target on Salesforce from $275.00 to $330.00 and gave the company an “equal weight” rating in a report on Tuesday, November 12th. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $336.37.

Salesforce Trading Up 1.9 %

Shares of CRM opened at $342.12 on Friday. The stock’s 50-day moving average price is $294.61 and its 200 day moving average price is $268.66. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.15. Salesforce, Inc. has a 12-month low of $212.00 and a 12-month high of $348.86. The firm has a market capitalization of $327.07 billion, a price-to-earnings ratio of 59.50, a P/E/G ratio of 2.93 and a beta of 1.29.

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

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 18th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.60 annualized dividend and a dividend yield of 0.47%. Salesforce’s dividend payout ratio (DPR) is currently 27.83%.

Insider Buying and Selling

In other Salesforce news, COO Brian Millham sold 14,808 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $338.95, for a total transaction of $5,019,171.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Parker Harris sold 4,200 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $262.90, for a total transaction of $1,104,180.00. Following the completion of the sale, the insider now owns 117,581 shares in the company, valued at $30,912,044.90. This represents a 3.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,991 shares of company stock valued at $43,333,238 over the last quarter. Corporate insiders own 3.20% of the company’s stock.

Salesforce Company 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.