B.O.S.S. Retirement Advisors LLC Sells 2,535 Shares of Salesforce, Inc. (NYSE:CRM)

B.O.S.S. Retirement Advisors LLC decreased its stake in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 16.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,198 shares of the CRM provider's stock after selling 2,535 shares during the quarter. B.O.S.S. Retirement Advisors LLC's holdings in Salesforce were worth $3,612,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CRM. Capital Research Global Investors lifted its position in shares of Salesforce by 26.9% in the first quarter. Capital Research Global Investors now owns 14,376,536 shares of the CRM provider's stock valued at $4,329,925,000 after buying an additional 3,044,611 shares during the last quarter. GQG Partners LLC acquired a new stake in shares of Salesforce in the first quarter valued at approximately $910,220,000. Swedbank AB acquired a new stake in shares of Salesforce in the first quarter valued at approximately $874,748,000. Massachusetts Financial Services Co. MA lifted its position in shares of Salesforce by 48.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,906,877 shares of the CRM provider's stock valued at $1,518,658,000 after buying an additional 1,922,674 shares during the last quarter. Finally, AMF Tjanstepension AB lifted its position in shares of Salesforce by 376.1% in the second quarter. AMF Tjanstepension AB now owns 1,442,453 shares of the CRM provider's stock valued at $370,873,000 after buying an additional 1,139,472 shares during the last quarter. Institutional investors own 80.43% of the company's stock.

Insider Activity

In other news, CAO Sundeep G. Reddy sold 413 shares of the business's stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $255.78, for a total value of $105,637.14. Following the transaction, the chief accounting officer now directly owns 6,431 shares of the company's stock, valued at $1,644,921.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Sabastian Niles sold 2,484 shares of the business's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $244.81, for a total value of $608,108.04. Following the completion of the sale, the insider now directly owns 828 shares of the company's stock, valued at $202,702.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Sundeep G. Reddy sold 413 shares of the business's stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $255.78, for a total value of $105,637.14. Following the completion of the sale, the chief accounting officer now directly owns 6,431 shares of the company's stock, valued at $1,644,921.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 80,612 shares of company stock valued at $21,429,961 in the last ninety days. 3.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. FBN Securities upgraded Salesforce to a "strong-buy" rating in a research note on Thursday, August 29th. Stifel Nicolaus increased their target price on Salesforce from $300.00 to $320.00 and gave the stock a "buy" rating in a research note on Thursday, August 29th. Northland Capmk upgraded Salesforce from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 2nd. BNP Paribas upgraded Salesforce to a "strong-buy" rating in a research note on Thursday, August 29th. Finally, Piper Sandler lowered Salesforce from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 10th. Nine research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $310.74.

Salesforce Trading Up 0.1 %

CRM traded up $0.26 during midday trading on Thursday, hitting $291.12. 2,829,489 shares of the company were exchanged, compared to its average volume of 6,430,840. The firm has a market capitalization of $282.10 billion, a P/E ratio of 52.36, a P/E/G ratio of 2.61 and a beta of 1.30. Salesforce, Inc. has a 1-year low of $193.68 and a 1-year high of $318.71. The firm's 50 day moving average price is $265.84 and its 200-day moving average price is $263.84. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.15.

Salesforce (NYSE:CRM - Get Free Report) last announced its earnings results on Wednesday, August 28th. The CRM provider reported $2.56 EPS for the quarter, topping the consensus estimate of $2.36 by $0.20. The firm had revenue of $9.33 billion for the quarter, compared to the consensus estimate of $9.22 billion. Salesforce had a return on equity of 12.01% and a net margin of 15.44%. The business's quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 EPS. As a group, equities analysts forecast that Salesforce, Inc. will post 7.55 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 18th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Wednesday, September 18th. Salesforce's dividend payout ratio is 28.78%.

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.