Salesforce, Inc. (NYSE:CRM) Stock Holdings Boosted by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. boosted its position in shares of Salesforce, Inc. (NYSE:CRM) by 426.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,123 shares of the CRM provider’s stock after buying an additional 4,149 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Salesforce were worth $1,713,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Infrastructure Capital Advisors LLC acquired a new position in Salesforce in the third quarter worth approximately $27,000. Arlington Trust Co LLC raised its holdings in Salesforce by 85.1% during the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock worth $29,000 after buying an additional 40 shares during the period. Compass Financial Services Inc purchased a new stake in Salesforce during the fourth quarter valued at about $30,000. Asset Planning Inc acquired a new position in shares of Salesforce in the fourth quarter worth about $31,000. Finally, Collier Financial acquired a new position in shares of Salesforce in the fourth quarter worth about $32,000. Institutional investors own 80.43% of the company’s stock.

Salesforce Stock Performance

Shares of NYSE:CRM opened at $297.63 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $284.83 billion, a P/E ratio of 48.95, a P/E/G ratio of 2.58 and a beta of 1.31. The business has a 50-day moving average price of $329.11 and a two-hundred day moving average price of $307.58. Salesforce, Inc. has a 1-year low of $212.00 and a 1-year high of $369.00.

Salesforce (NYSE:CRM) last issued its earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.03). Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The firm had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.35 billion. During the same period in the previous year, the company posted $1.62 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities analysts predict that Salesforce, Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Wednesday, December 18th. Salesforce’s dividend payout ratio is 25.16%.

Insiders Place Their Bets

In other news, insider Miguel Milano sold 458 shares of Salesforce stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $307.97, for a total value of $141,050.26. Following the completion of the transaction, the insider now owns 5,864 shares of the company’s stock, valued at $1,805,936.08. This trade represents a 7.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Marc Benioff sold 317,105 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $346.78, for a total value of $109,965,671.90. Following the transaction, the chief executive officer now directly owns 12,162,457 shares in the company, valued at approximately $4,217,696,838.46. This trade represents a 2.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,102,572 shares of company stock worth $381,283,706. Corporate insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CRM shares. Piper Sandler lowered their price objective on shares of Salesforce from $405.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday. Northland Securities reissued an “outperform” rating and issued a $440.00 price target (up previously from $400.00) on shares of Salesforce in a research note on Wednesday, December 4th. Wells Fargo & Company decreased their target price on shares of Salesforce from $345.00 to $310.00 and set an “equal weight” rating for the company in a research report on Thursday. Scotiabank decreased their price objective on shares of Salesforce from $440.00 to $400.00 and set a “sector outperform” rating for the company in a report on Thursday. Finally, Redburn Atlantic began coverage on shares of Salesforce in a report on Wednesday, February 19th. They issued a “buy” rating for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating, thirty-two have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $365.32.

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.