Salesforce, Inc. (NYSE:CRM) Shares Bought by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC grew its stake in Salesforce, Inc. (NYSE:CRM) by 34.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,175 shares of the CRM provider’s stock after acquiring an additional 1,850 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Salesforce were worth $1,888,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CRM. Bear Mountain Capital Inc. purchased a new position in Salesforce during the fourth quarter worth about $26,000. BKM Wealth Management LLC purchased a new position in Salesforce during the fourth quarter worth about $34,000. Pacifica Partners Inc. lifted its position in Salesforce by 333.3% during the fourth quarter. Pacifica Partners Inc. now owns 130 shares of the CRM provider’s stock worth $33,000 after buying an additional 100 shares during the period. AlphaMark Advisors LLC lifted its position in Salesforce by 892.9% during the fourth quarter. AlphaMark Advisors LLC now owns 139 shares of the CRM provider’s stock worth $37,000 after buying an additional 125 shares during the period. Finally, Glass Jacobson Investment Advisors llc purchased a new position in Salesforce during the fourth quarter worth about $37,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Salesforce

In other Salesforce news, COO Brian Millham sold 293,965 shares of Salesforce stock in a transaction on Friday, January 19th. The stock was sold at an average price of $280.00, for a total transaction of $82,310,200.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Salesforce news, COO Brian Millham sold 293,965 shares of Salesforce stock in a transaction on Friday, January 19th. The stock was sold at an average price of $280.00, for a total transaction of $82,310,200.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Sundeep G. Reddy sold 216 shares of Salesforce stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $278.71, for a total value of $60,201.36. Following the sale, the chief accounting officer now directly owns 2,869 shares in the company, valued at approximately $799,618.99. The disclosure for this sale can be found here. Insiders have sold 922,149 shares of company stock valued at $267,104,898 in the last quarter. Corporate insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Mizuho reiterated a “buy” rating and set a $345.00 target price (up from $325.00) on shares of Salesforce in a research report on Thursday, February 29th. Stifel Nicolaus reiterated a “buy” rating and set a $350.00 target price on shares of Salesforce in a research report on Wednesday, April 3rd. Wolfe Research restated an “outperform” rating and issued a $365.00 price objective on shares of Salesforce in a report on Tuesday. TheStreet upgraded Salesforce from a “c+” rating to a “b-” rating in a research note on Friday, January 19th. Finally, StockNews.com lowered Salesforce from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 19th. Nine research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $307.87.

Salesforce Stock Performance

Shares of NYSE CRM traded down $4.47 during mid-day trading on Thursday, hitting $271.85. The company had a trading volume of 5,916,238 shares, compared to its average volume of 5,708,409. The stock has a market cap of $263.69 billion, a price-to-earnings ratio of 64.71, a PEG ratio of 2.13 and a beta of 1.28. Salesforce, Inc. has a 12 month low of $190.57 and a 12 month high of $318.71. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09. The firm’s 50 day simple moving average is $298.10 and its two-hundred day simple moving average is $260.89.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 10.42% and a net margin of 11.87%. The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business posted $1.01 EPS. As a group, equities research analysts forecast that Salesforce, Inc. will post 7.45 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Wednesday, March 13th. Salesforce’s dividend payout ratio (DPR) is 9.52%.

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.