Salesforce, Inc. (NYSE:CRM) Shares Purchased by Avior Wealth Management LLC

Avior Wealth Management LLC boosted its stake in Salesforce, Inc. (NYSE:CRM) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,246 shares of the CRM provider’s stock after acquiring an additional 438 shares during the period. Avior Wealth Management LLC’s holdings in Salesforce were worth $4,801,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CRM. Allen Capital Group LLC acquired a new position in Salesforce during the 4th quarter worth approximately $243,000. Mathes Company Inc. lifted its stake in Salesforce by 2.7% in the 4th quarter. Mathes Company Inc. now owns 2,825 shares of the CRM provider’s stock valued at $743,000 after buying an additional 73 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Salesforce by 49.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 481,024 shares of the CRM provider’s stock valued at $126,577,000 after buying an additional 159,334 shares in the last quarter. Everence Capital Management Inc. lifted its stake in Salesforce by 3.1% in the 4th quarter. Everence Capital Management Inc. now owns 29,160 shares of the CRM provider’s stock valued at $7,673,000 after buying an additional 880 shares in the last quarter. Finally, Signet Financial Management LLC purchased a new stake in Salesforce in the 4th quarter valued at approximately $1,490,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Up 1.7 %

Shares of NYSE:CRM traded up $4.51 during trading on Tuesday, reaching $277.41. 7,623,553 shares of the company traded hands, compared to its average volume of 5,727,201. The firm has a market cap of $269.08 billion, a P/E ratio of 66.40, a price-to-earnings-growth ratio of 2.26 and a beta of 1.28. The firm has a fifty day simple moving average of $298.52 and a 200 day simple moving average of $260.26. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.14. Salesforce, Inc. has a 1-year low of $190.57 and a 1-year high of $318.71.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The business had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.22 billion. Salesforce had a net margin of 11.87% and a return on equity of 10.42%. Salesforce’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.01 EPS. Analysts anticipate that Salesforce, Inc. will post 7.45 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 14th were given a $0.40 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.60 annualized dividend and a yield of 0.58%. Salesforce’s dividend payout ratio is 9.52%.

Analyst Ratings Changes

CRM has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $350.00 price target (up previously from $325.00) on shares of Salesforce in a research note on Friday. Mizuho restated a “buy” rating and set a $345.00 price objective (up from $325.00) on shares of Salesforce in a report on Thursday, February 29th. Wells Fargo & Company upped their price objective on Salesforce from $280.00 to $290.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 21st. JMP Securities restated a “market outperform” rating and set a $342.00 price objective on shares of Salesforce in a report on Monday. Finally, Canaccord Genuity Group restated a “buy” rating and set a $350.00 price objective on shares of Salesforce in a report on Thursday, March 7th. Nine investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and a consensus target price of $307.87.

Insiders Place Their Bets

In other Salesforce news, CAO Sundeep G. Reddy sold 216 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $278.71, for a total value of $60,201.36. Following the transaction, the chief accounting officer now directly owns 2,869 shares in the company, valued at $799,618.99. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Salesforce news, CEO Marc Benioff sold 15,000 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $274.01, for a total value of $4,110,150.00. Following the completion of the transaction, the chief executive officer now directly owns 13,761,166 shares of the company’s stock, valued at $3,770,697,095.66. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Sundeep G. Reddy sold 216 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $278.71, for a total transaction of $60,201.36. Following the completion of the transaction, the chief accounting officer now directly owns 2,869 shares of the company’s stock, valued at $799,618.99. The disclosure for this sale can be found here. Insiders have sold 897,375 shares of company stock worth $260,206,096 in the last ninety days. Insiders own 3.70% 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.