Fi3 FINANCIAL ADVISORS LLC Sells 152 Shares of Salesforce, Inc. (NYSE:CRM)

Fi3 FINANCIAL ADVISORS LLC decreased its position in Salesforce, Inc. (NYSE:CRM) by 8.5% during the 4th quarter, Holdings Channel reports. The firm owned 1,628 shares of the CRM provider’s stock after selling 152 shares during the quarter. Fi3 FINANCIAL ADVISORS LLC’s holdings in Salesforce were worth $428,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Clearstead Trust LLC grew its holdings in shares of Salesforce by 19.9% in the 4th quarter. Clearstead Trust LLC now owns 11,912 shares of the CRM provider’s stock worth $3,135,000 after purchasing an additional 1,976 shares during the last quarter. River Global Investors LLP grew its holdings in Salesforce by 23.5% during the 4th quarter. River Global Investors LLP now owns 7,971 shares of the CRM provider’s stock worth $2,098,000 after acquiring an additional 1,518 shares during the last quarter. Avalon Trust Co grew its holdings in Salesforce by 22.9% during the 4th quarter. Avalon Trust Co now owns 2,281 shares of the CRM provider’s stock worth $600,000 after acquiring an additional 425 shares during the last quarter. TCG Advisory Services LLC grew its holdings in Salesforce by 1,442.3% during the 4th quarter. TCG Advisory Services LLC now owns 70,577 shares of the CRM provider’s stock worth $18,572,000 after acquiring an additional 66,001 shares during the last quarter. Finally, Charles Carroll Financial Partners LLC grew its holdings in Salesforce by 102.7% during the 4th quarter. Charles Carroll Financial Partners LLC now owns 7,600 shares of the CRM provider’s stock worth $2,000,000 after acquiring an additional 3,850 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Insider Transactions at Salesforce

In related news, insider Srinivas Tallapragada sold 10,000 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $285.20, for a total value of $2,852,000.00. Following the completion of the transaction, the insider now directly owns 60,416 shares of the company’s stock, valued at $17,230,643.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Srinivas Tallapragada sold 10,000 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $285.20, for a total value of $2,852,000.00. Following the completion of the transaction, the insider now directly owns 60,416 shares of the company’s stock, valued at $17,230,643.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Amy E. Weaver sold 942 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $305.46, for a total transaction of $287,743.32. Following the completion of the transaction, the chief financial officer now directly owns 39,416 shares of the company’s stock, valued at $12,040,011.36. The disclosure for this sale can be found here. Insiders sold 629,993 shares of company stock valued at $184,255,474 in the last ninety days. 3.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Jefferies Financial Group increased their price objective on shares of Salesforce from $350.00 to $360.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Wedbush increased their price objective on shares of Salesforce from $280.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Robert W. Baird increased their price objective on shares of Salesforce from $310.00 to $355.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. KeyCorp started coverage on shares of Salesforce in a research report on Thursday, March 21st. They set a “sector weight” rating on the stock. Finally, Evercore ISI upped their target price on shares of Salesforce from $290.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Nine analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Salesforce currently has an average rating of “Moderate Buy” and an average price target of $310.61.

Salesforce Stock Up 0.6 %

CRM stock traded up $1.53 during mid-day trading on Friday, hitting $273.66. 4,041,636 shares of the company were exchanged, compared to its average volume of 5,219,539. 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 firm has a market cap of $264.90 billion, a P/E ratio of 65.16, a P/E/G ratio of 2.09 and a beta of 1.30. The firm’s 50 day simple moving average is $294.23 and its 200 day simple moving average is $266.17. Salesforce, Inc. has a 1-year low of $190.76 and a 1-year high of $318.71.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, February 28th. The CRM provider reported $1.78 EPS for the quarter, topping the consensus estimate of $1.72 by $0.06. The firm 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%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the company posted $1.01 EPS. On average, sell-side analysts predict that Salesforce, Inc. will post 7.45 EPS for the current fiscal year.

Salesforce Announces Dividend

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

Salesforce 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.