Brady Martz Wealth Solutions LLC Invests $658,000 in Salesforce, Inc. (NYSE:CRM)

Brady Martz Wealth Solutions LLC bought a new stake in Salesforce, Inc. (NYSE:CRM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,034 shares of the CRM provider's stock, valued at approximately $658,000.

A number of other institutional investors have also recently made changes to their positions in the company. Renaissance Investment Group LLC raised its stake in Salesforce by 7.8% in the 4th quarter. Renaissance Investment Group LLC now owns 22,933 shares of the CRM provider's stock valued at $7,667,000 after acquiring an additional 1,656 shares during the period. My Legacy Advisors LLC raised its position in shares of Salesforce by 2.2% in the fourth quarter. My Legacy Advisors LLC now owns 2,802 shares of the CRM provider's stock valued at $900,000 after purchasing an additional 60 shares during the period. Artemis Investment Management LLP purchased a new stake in shares of Salesforce during the 4th quarter valued at approximately $15,117,000. Steigerwald Gordon & Koch Inc. bought a new position in Salesforce in the 4th quarter worth approximately $212,000. Finally, Arbor Trust Wealth Advisors LLC raised its holdings in Salesforce by 6.2% during the 4th quarter. Arbor Trust Wealth Advisors LLC now owns 6,949 shares of the CRM provider's stock valued at $2,326,000 after acquiring an additional 407 shares during the period. Hedge funds and other institutional investors own 80.43% of the company's stock.

Insider Transactions at Salesforce

In other news, CFO Amy E. Weaver sold 897 shares of Salesforce stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $285.29, for a total transaction of $255,905.13. Following the completion of the transaction, the chief financial officer now directly owns 52,930 shares in the company, valued at approximately $15,100,399.70. This trade represents a 1.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sundeep G. Reddy sold 413 shares of the company's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $285.29, for a total value of $117,824.77. Following the completion of the sale, the chief accounting officer now owns 7,006 shares in the company, valued at $1,998,741.74. The trade was a 5.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,183,838 shares of company stock valued at $405,595,158. Corporate insiders own 3.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CRM shares. Northland Capmk upgraded Salesforce from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 2nd. Stifel Nicolaus upped their price target on Salesforce from $390.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Barclays boosted their price objective on shares of Salesforce from $415.00 to $425.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Canaccord Genuity Group increased their target price on shares of Salesforce from $315.00 to $415.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Finally, Bank of America boosted their price target on shares of Salesforce from $390.00 to $440.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $377.63.

Salesforce Trading Up 1.5 %

Shares of CRM traded up $4.77 during mid-day trading on Friday, hitting $324.77. 6,283,814 shares of the company's stock traded hands, compared to its average volume of 4,604,853. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $310.81 billion, a P/E ratio of 53.42, a PEG ratio of 2.87 and a beta of 1.30. The business's 50-day moving average price is $337.31 and its 200-day moving average price is $291.80. Salesforce, Inc. has a 1 year low of $212.00 and a 1 year high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $2.41 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.03). The company had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.35 billion. Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The firm's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.62 earnings per share. As a group, sell-side analysts forecast that Salesforce, Inc. will post 7.48 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

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.