Advyzon Investment Management LLC Makes New Investment in Salesforce, Inc. (NYSE:CRM)

Advyzon Investment Management LLC bought a new position in shares of Salesforce, Inc. (NYSE:CRM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 941 shares of the CRM provider's stock, valued at approximately $315,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CRM. Elevated Capital Advisors LLC bought a new stake in shares of Salesforce during the third quarter worth $523,000. U.S. Capital Wealth Advisors LLC increased its holdings in Salesforce by 74.4% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 12,424 shares of the CRM provider's stock valued at $3,401,000 after purchasing an additional 5,299 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Salesforce by 23,664.2% in the third quarter. International Assets Investment Management LLC now owns 1,002,848 shares of the CRM provider's stock valued at $274,490,000 after purchasing an additional 998,628 shares during the last quarter. YHB Investment Advisors Inc. increased its holdings in Salesforce by 4.4% in the third quarter. YHB Investment Advisors Inc. now owns 19,233 shares of the CRM provider's stock valued at $5,264,000 after purchasing an additional 811 shares during the last quarter. Finally, Great Lakes Retirement Inc. increased its holdings in Salesforce by 3.4% in the third quarter. Great Lakes Retirement Inc. now owns 9,526 shares of the CRM provider's stock valued at $2,607,000 after purchasing an additional 312 shares during the last quarter. Institutional investors own 80.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CRM shares. Barclays increased their price target on Salesforce from $415.00 to $425.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Citigroup increased their price target on Salesforce from $368.00 to $390.00 and gave the stock a "neutral" rating in a report on Wednesday, December 4th. Canaccord Genuity Group upped their price objective on Salesforce from $315.00 to $415.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Northland Securities reaffirmed an "outperform" rating and set a $440.00 price objective (up from $400.00) on shares of Salesforce in a research report on Wednesday, December 4th. Finally, Robert W. Baird upped their price objective on Salesforce from $340.00 to $430.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-two have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $375.53.

Salesforce Price Performance

Shares of CRM stock traded down $8.89 during trading hours on Friday, reaching $309.54. The company's stock had a trading volume of 7,341,387 shares, compared to its average volume of 6,249,096. The firm's 50 day simple moving average is $334.23 and its 200-day simple moving average is $304.76. The company has a market capitalization of $296.23 billion, a price-to-earnings ratio of 50.91, a PEG ratio of 2.63 and a beta of 1.31. Salesforce, Inc. has a fifty-two week low of $212.00 and a fifty-two week high of $369.00. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM - Get Free Report) last issued its earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share for the quarter, missing analysts' consensus estimates of $2.44 by ($0.03). The business had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.35 billion. Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.62 EPS. Sell-side analysts forecast that Salesforce, Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 18th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Wednesday, December 18th. Salesforce's dividend payout ratio (DPR) is 26.32%.

Insider Activity at Salesforce

In related news, Director G Mason Morfit sold 722,300 shares of the firm's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $346.11, for a total transaction of $249,995,253.00. Following the sale, the director now owns 3,192,009 shares of the company's stock, valued at $1,104,786,234.99. This trade represents a 18.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Sundeep G. Reddy sold 436 shares of the firm's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $332.28, for a total value of $144,874.08. Following the sale, the chief accounting officer now directly owns 7,057 shares in the company, valued at approximately $2,344,899.96. This trade represents a 5.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,102,833 shares of company stock valued at $381,389,136 in the last 90 days. 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.