Financiere des Professionnels Fonds d investissement inc. Has $12.67 Million Stock Holdings in Salesforce, Inc. (NYSE:CRM)

Financiere des Professionnels Fonds d investissement inc. lessened its stake in Salesforce, Inc. (NYSE:CRM) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,882 shares of the CRM provider’s stock after selling 673 shares during the quarter. Salesforce accounts for about 0.9% of Financiere des Professionnels Fonds d investissement inc.’s holdings, making the stock its 28th biggest position. Financiere des Professionnels Fonds d investissement inc.’s holdings in Salesforce were worth $12,665,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Arlington Trust Co LLC increased its stake in Salesforce by 85.1% in the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock valued at $29,000 after buying an additional 40 shares during the period. Compass Financial Services Inc acquired a new position in shares of Salesforce during the 4th quarter worth $30,000. Asset Planning Inc acquired a new position in shares of Salesforce during the 4th quarter worth $31,000. Collier Financial acquired a new position in shares of Salesforce during the 4th quarter worth $32,000. Finally, Infrastructure Capital Advisors LLC acquired a new position in shares of Salesforce during the 3rd quarter worth $27,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Price Performance

NYSE:CRM opened at $325.49 on Monday. The company has a 50-day moving average of $336.56 and a 200-day moving average of $303.11. The company has a market capitalization of $311.49 billion, a price-to-earnings ratio of 53.53, a PEG ratio of 2.66 and a beta of 1.31. Salesforce, Inc. has a 52 week low of $212.00 and a 52 week high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11.

Salesforce (NYSE:CRM) last announced its earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.03). The firm had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.35 billion. Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.62 EPS. As a group, equities research analysts anticipate that Salesforce, Inc. will post 7.48 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 18th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Wednesday, December 18th. Salesforce’s dividend payout ratio (DPR) is currently 26.32%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. KeyCorp upgraded shares of Salesforce from a “sector weight” rating to an “overweight” rating and set a $440.00 price target on the stock in a research note on Friday, December 13th. Piper Sandler restated an “overweight” rating and set a $405.00 price target on shares of Salesforce in a research note on Wednesday, December 18th. Erste Group Bank upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Morgan Stanley increased their price target on shares of Salesforce from $330.00 to $405.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, Wedbush restated an “outperform” rating and set a $425.00 price target on shares of Salesforce in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $377.63.

Insider Buying and Selling

In other Salesforce news, COO Brian Millham sold 14,808 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $338.95, for a total value of $5,019,171.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Sundeep G. Reddy sold 436 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $332.28, for a total transaction of $144,874.08. Following the completion of the sale, the chief accounting officer now owns 7,057 shares of the company’s stock, valued at $2,344,899.96. The trade was a 5.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,111,420 shares of company stock worth $384,366,700 in the last quarter. 3.20% of the stock is owned by corporate insiders.

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.