Salesforce, Inc. (NYSE:CRM) Holdings Trimmed by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lowered its position in shares of Salesforce, Inc. (NYSE:CRM) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,021 shares of the CRM provider’s stock after selling 148 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Salesforce were worth $2,900,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Bear Mountain Capital Inc. acquired a new position in shares of Salesforce in the 4th quarter valued at $26,000. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Salesforce during the 4th quarter worth about $31,000. BKM Wealth Management LLC purchased a new stake in shares of Salesforce during the 4th quarter worth about $34,000. Pacifica Partners Inc. raised its stake in shares of Salesforce by 333.3% during the 4th quarter. Pacifica Partners Inc. now owns 130 shares of the CRM provider’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Finally, AlphaMark Advisors LLC raised its stake in shares of Salesforce by 892.9% in the 4th quarter. AlphaMark Advisors LLC now owns 139 shares of the CRM provider’s stock valued at $37,000 after acquiring an additional 125 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Argus raised their target price on Salesforce from $290.00 to $354.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Wedbush boosted their price target on Salesforce from $280.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Evercore ISI lifted their price objective on Salesforce from $290.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Robert W. Baird lifted their price objective on Salesforce from $310.00 to $355.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. boosted their target price on Salesforce from $260.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Nine research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $310.61.

Insider Buying and Selling

In related news, CFO Amy E. Weaver sold 7,075 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $309.32, for a total transaction of $2,188,439.00. Following the sale, the chief financial officer now owns 38,483 shares of the company’s stock, valued at $11,903,561.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Salesforce news, COO Brian Millham sold 4,204 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $278.00, for a total value of $1,168,712.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Amy E. Weaver sold 7,075 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $309.32, for a total value of $2,188,439.00. Following the completion of the sale, the chief financial officer now directly owns 38,483 shares in the company, valued at approximately $11,903,561.56. The disclosure for this sale can be found here. Insiders have sold 620,793 shares of company stock valued at $182,177,918 over the last 90 days. 3.70% of the stock is owned by corporate insiders.

Salesforce Stock Performance

Shares of NYSE CRM traded up $1.07 during trading hours on Friday, reaching $274.21. 3,753,890 shares of the stock were exchanged, compared to its average volume of 5,661,873. The firm has a market capitalization of $265.98 billion, a price-to-earnings ratio of 65.29, a P/E/G ratio of 2.12 and a beta of 1.28. Salesforce, Inc. has a 52 week low of $190.76 and a 52 week high of $318.71. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s fifty day simple moving average is $295.97 and its 200 day simple moving average is $263.90.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $1.78 earnings per share (EPS) for the quarter, topping 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 return on equity of 10.42% and a net margin of 11.87%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 earnings per share. Sell-side analysts predict that Salesforce, Inc. will post 7.45 EPS for the current year.

Salesforce Dividend Announcement

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

About Salesforce

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.