Bryn Mawr Capital Management LLC Has $1.86 Million Stock Holdings in Salesforce, Inc. (NYSE:CRM)

Bryn Mawr Capital Management LLC cut its position in Salesforce, Inc. (NYSE:CRM - Free Report) by 12.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,564 shares of the CRM provider's stock after selling 809 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Salesforce were worth $1,860,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Infrastructure Capital Advisors LLC acquired a new stake in shares of Salesforce in the third quarter worth $27,000. Arlington Trust Co LLC boosted its holdings 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 purchasing an additional 40 shares during the period. Compass Financial Services Inc acquired a new stake in Salesforce in the 4th quarter worth $30,000. Asset Planning Inc bought a new position in shares of Salesforce during the 4th quarter worth about $31,000. Finally, Collier Financial acquired a new position in shares of Salesforce during the fourth quarter valued at about $32,000. Institutional investors own 80.43% of the company's stock.

Insider Buying and Selling

In other Salesforce news, insider Miguel Milano sold 719 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $342.81, for a total value of $246,480.39. Following the completion of the transaction, the insider now directly owns 4,659 shares of the company's stock, valued at approximately $1,597,151.79. The trade was a 13.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sundeep G. Reddy sold 436 shares of the firm's stock in a transaction dated Thursday, January 23rd. The stock was 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 represents a 5.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 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 insiders.

Salesforce Trading Down 2.8 %

CRM stock traded down $8.89 during midday trading 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 business's 50-day simple moving average is $334.23 and its 200-day simple moving average is $304.76. The stock has a market cap of $296.23 billion, a PE ratio of 50.91, a price-to-earnings-growth ratio of 2.63 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 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 announced its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $2.41 EPS for the quarter, missing analysts' consensus estimates of $2.44 by ($0.03). Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The company had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.35 billion. During the same period last year, the firm earned $1.62 earnings per share. The firm's revenue for the quarter was up 8.3% on a year-over-year basis. As a group, sell-side analysts expect that Salesforce, Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CRM. JPMorgan Chase & Co. lifted their target price on Salesforce from $340.00 to $380.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Erste Group Bank raised Salesforce from a "hold" rating to a "buy" rating in a report on Tuesday, November 19th. KeyCorp upgraded Salesforce from a "sector weight" rating to an "overweight" rating and set a $440.00 target price for the company in a research note on Friday, December 13th. Bank of America lifted their price target on shares of Salesforce from $390.00 to $440.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Finally, BMO Capital Markets dropped their price objective on shares of Salesforce from $425.00 to $375.00 and set an "outperform" rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-two have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, Salesforce has an average rating of "Moderate Buy" and an average price target of $375.53.

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.