WBH Advisory Inc. Has $569,000 Position in Salesforce, Inc. (NYSE:CRM)

WBH Advisory Inc. boosted its stake in Salesforce, Inc. (NYSE:CRMFree Report) by 14.1% in the fourth quarter, HoldingsChannel reports. The firm owned 2,162 shares of the CRM provider’s stock after buying an additional 268 shares during the period. WBH Advisory Inc.’s holdings in Salesforce were worth $569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Union Savings Bank acquired a new stake in Salesforce in the 2nd quarter valued at $27,000. Pacifica Partners Inc. increased its position in shares of 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 acquiring an additional 100 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of Salesforce by 30.4% in the 4th quarter. GHP Investment Advisors Inc. now owns 270 shares of the CRM provider’s stock worth $36,000 after acquiring an additional 63 shares during the last quarter. Live Oak Investment Partners bought a new position in Salesforce in the 4th quarter valued at about $36,000. Finally, Peoples Bank KS acquired a new position in Salesforce during the 3rd quarter valued at about $39,000. 77.52% of the stock is owned by institutional investors.

Insider Activity at Salesforce

In other Salesforce news, CEO Marc Benioff sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $264.98, for a total transaction of $3,974,700.00. Following the completion of the transaction, the chief executive officer now owns 14,546,166 shares of the company’s stock, valued at approximately $3,854,443,066.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Srinivas Tallapragada sold 10,000 shares of the business’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $265.70, for a total transaction of $2,657,000.00. Following the transaction, the insider now owns 59,861 shares in the company, valued at $15,905,067.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Marc Benioff sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $264.98, for a total transaction of $3,974,700.00. Following the completion of the sale, the chief executive officer now owns 14,546,166 shares of the company’s stock, valued at $3,854,443,066.68. The disclosure for this sale can be found here. Insiders have sold 1,134,112 shares of company stock valued at $314,301,292 over the last three months. 3.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wells Fargo & Company upped their price target on Salesforce from $280.00 to $290.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 21st. Stifel Nicolaus raised their price target on shares of Salesforce from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Citigroup upped their price objective on shares of Salesforce from $265.00 to $325.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Needham & Company LLC boosted their target price on Salesforce from $275.00 to $345.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Finally, Morgan Stanley raised Salesforce from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $290.00 to $350.00 in a research report on Thursday, December 21st. Eight analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $304.32.

View Our Latest Research Report on CRM

Salesforce Trading Down 3.0 %

Shares of CRM opened at $294.33 on Friday. The business’s 50-day moving average price is $288.29 and its 200-day moving average price is $247.41. 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 twelve month low of $182.65 and a twelve month high of $318.71. The stock has a market cap of $285.50 billion, a PE ratio of 70.08, a P/E/G ratio of 2.34 and a beta of 1.28.

Salesforce (NYSE:CRMGet Free Report) last posted its 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 analysts’ expectations of $9.22 billion. Salesforce had a net margin of 11.87% and a return on equity of 10.42%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.01 EPS. On average, equities analysts forecast that Salesforce, Inc. will post 7.45 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, March 13th. Salesforce’s payout ratio is 9.52%.

Salesforce Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Salesforce (NYSE:CRM)

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