Hantz Financial Services Inc. Boosts Holdings in Salesforce, Inc. (NYSE:CRM)

Hantz Financial Services Inc. increased its holdings in Salesforce, Inc. (NYSE:CRM - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,298 shares of the CRM provider's stock after buying an additional 1,406 shares during the quarter. Hantz Financial Services Inc.'s holdings in Salesforce were worth $8,124,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Infrastructure Capital Advisors LLC purchased a new position in shares of Salesforce in the third quarter valued at about $27,000. Godsey & Gibb Inc. lifted its position in shares of Salesforce by 300.0% in the third quarter. Godsey & Gibb Inc. now owns 120 shares of the CRM provider's stock worth $33,000 after buying an additional 90 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Salesforce in the second quarter worth about $33,000. Annapolis Financial Services LLC boosted its stake in Salesforce by 135.6% during the third quarter. Annapolis Financial Services LLC now owns 139 shares of the CRM provider's stock valued at $38,000 after buying an additional 80 shares during the last quarter. Finally, Friedenthal Financial bought a new stake in Salesforce in the 4th quarter worth approximately $55,000. 80.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CRM shares. Royal Bank of Canada lifted their price objective on shares of Salesforce from $300.00 to $420.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. raised their price objective on Salesforce from $340.00 to $380.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. UBS Group boosted their target price on Salesforce from $275.00 to $360.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Canaccord Genuity Group raised their price target on Salesforce from $315.00 to $415.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Finally, DA Davidson boosted their price objective on shares of Salesforce from $250.00 to $300.00 and gave the company a "neutral" rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $377.63.

Insider Activity

In other Salesforce news, COO Brian Millham sold 708 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total transaction of $235,254.24. Following the transaction, the chief operating officer now owns 1,239 shares in the company, valued at approximately $411,694.92. The trade was a 36.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Sundeep G. Reddy sold 500 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $290.23, for a total value of $145,115.00. Following the completion of the sale, the chief accounting officer now directly owns 6,506 shares of the company's stock, valued at $1,888,236.38. This represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,109,169 shares of company stock valued at $383,432,020. Insiders own 3.20% of the company's stock.

Salesforce Stock Down 2.6 %

Shares of NYSE CRM traded down $9.16 during midday trading on Thursday, hitting $344.84. 3,540,477 shares of the company's stock were exchanged, compared to its average volume of 6,116,295. The company has a market cap of $330.01 billion, a PE ratio of 56.67, a P/E/G ratio of 3.01 and a beta of 1.30. Salesforce, Inc. has a twelve month low of $212.00 and a twelve month high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. The firm's fifty day simple moving average is $338.53 and its 200-day simple moving average is $296.43.

Salesforce (NYSE:CRM - Get Free Report) last announced its earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.44 by ($0.03). The firm 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 firm's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the company earned $1.62 earnings per share. Research analysts predict that Salesforce, Inc. will post 7.48 EPS for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.46%. The ex-dividend date was Wednesday, December 18th. Salesforce's payout ratio is currently 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.