Roffman Miller Associates Inc. PA increased its holdings in salesforce.com, inc. (NYSE:CRM) by 62.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,416 shares of the CRM provider’s stock after buying an additional 5,952 shares during the period. Roffman Miller Associates Inc. PA’s holdings in salesforce.com were worth $2,507,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in CRM. Keudell Morrison Wealth Management raised its position in shares of salesforce.com by 486.1% in the second quarter. Keudell Morrison Wealth Management now owns 14,261 shares of the CRM provider’s stock valued at $2,164,000 after buying an additional 11,828 shares in the last quarter. Townsquare Capital LLC raised its position in shares of salesforce.com by 42.6% in the second quarter. Townsquare Capital LLC now owns 2,308 shares of the CRM provider’s stock valued at $336,000 after buying an additional 690 shares in the last quarter. Centaurus Financial Inc. raised its position in shares of salesforce.com by 54.0% in the second quarter. Centaurus Financial Inc. now owns 1,849 shares of the CRM provider’s stock valued at $281,000 after buying an additional 648 shares in the last quarter. Schroder Investment Management Group raised its position in shares of salesforce.com by 154.3% in the second quarter. Schroder Investment Management Group now owns 27,975 shares of the CRM provider’s stock valued at $4,244,000 after buying an additional 16,974 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in shares of salesforce.com by 29.8% in the second quarter. Integrated Wealth Concepts LLC now owns 2,663 shares of the CRM provider’s stock valued at $406,000 after buying an additional 612 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.
Shares of NYSE CRM traded down $1.91 during midday trading on Friday, reaching $182.07. 449,670 shares of the company were exchanged, compared to its average volume of 4,468,526. The stock’s 50-day moving average price is $168.95 and its 200-day moving average price is $157.21. The stock has a market cap of $162.10 billion, a P/E ratio of 193.73, a PEG ratio of 7.63 and a beta of 1.22. salesforce.com, inc. has a one year low of $137.87 and a one year high of $186.44. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.16.
salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. salesforce.com had a net margin of 4.64% and a return on equity of 5.37%. The company had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.45 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. salesforce.com’s revenue for the quarter was up 33.0% on a year-over-year basis. On average, equities research analysts anticipate that salesforce.com, inc. will post 1.28 EPS for the current year.
In related news, Director Craig Conway sold 225 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $181.68, for a total value of $40,878.00. Following the sale, the director now owns 10,101 shares of the company’s stock, valued at $1,835,149.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Joe Allanson sold 167 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $164.04, for a total transaction of $27,394.68. Following the completion of the sale, the chief accounting officer now directly owns 31,439 shares in the company, valued at approximately $5,157,253.56. The disclosure for this sale can be found here. In the last three months, insiders sold 412,764 shares of company stock worth $67,994,833. 5.50% of the stock is currently owned by insiders.
CRM has been the topic of a number of recent analyst reports. ValuEngine cut shares of salesforce.com from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Wedbush reissued an “outperform” rating and issued a $192.00 price objective on shares of salesforce.com in a research note on Thursday, November 21st. Robert W. Baird reissued a “buy” rating and issued a $185.00 price objective on shares of salesforce.com in a research note on Thursday, November 21st. Piper Jaffray Companies initiated coverage on shares of salesforce.com in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $190.00 price objective on the stock. Finally, Cross Research reissued an “outperform” rating on shares of salesforce.com in a research note on Thursday, December 5th. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. salesforce.com has a consensus rating of “Buy” and an average target price of $194.66.
salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.
Featured Story: How is the discount rate different from the Federal Funds rate?
Want to see what other hedge funds are holding CRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for salesforce.com, inc. (NYSE:CRM).
Receive News & Ratings for salesforce.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for salesforce.com and related companies with MarketBeat.com's FREE daily email newsletter.