Salesforce, Inc. (NYSE:CRM) Position Increased by Quadrant Capital Group LLC

Quadrant Capital Group LLC increased its holdings in Salesforce, Inc. (NYSE:CRM) by 2.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,785 shares of the CRM provider’s stock after buying an additional 167 shares during the period. Quadrant Capital Group LLC’s holdings in Salesforce were worth $2,603,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Arlington Trust Co LLC increased its holdings in shares of Salesforce by 85.1% in the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock worth $29,000 after acquiring an additional 40 shares during the period. Compass Financial Services Inc bought a new position in Salesforce in the 4th quarter worth about $30,000. Asset Planning Inc acquired a new stake in shares of Salesforce in the fourth quarter valued at approximately $31,000. Collier Financial bought a new stake in shares of Salesforce during the fourth quarter valued at approximately $32,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Salesforce during the fourth quarter worth approximately $35,000. Institutional investors own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CRM shares. Stephens began coverage on Salesforce in a research report on Wednesday, March 19th. They issued an “equal weight” rating and a $311.00 target price on the stock. Wedbush reissued an “outperform” rating and set a $425.00 price target on shares of Salesforce in a report on Wednesday, December 18th. Redburn Atlantic started coverage on shares of Salesforce in a research note on Wednesday, February 19th. They set a “buy” rating on the stock. Citigroup reiterated a “buy” rating on shares of Salesforce in a research report on Wednesday, March 19th. Finally, KeyCorp upgraded shares of Salesforce from a “sector weight” rating to an “overweight” rating and set a $440.00 price target on the stock in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $361.42.

Insider Activity at Salesforce

In other Salesforce news, CFO Amy E. Weaver sold 897 shares of the company’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 value of $298,055.16. Following the completion of the transaction, the chief financial officer now owns 46,750 shares of the company’s stock, valued at $15,534,090. This represents a 1.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Parker Harris sold 652 shares of Salesforce stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total value of $216,646.56. Following the sale, the insider now directly owns 121,467 shares in the company, valued at $40,361,054.76. The trade was a 0.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,660 shares of company stock valued at $14,095,336. 3.20% of the stock is owned by corporate insiders.

Salesforce Price Performance

CRM opened at $240.26 on Friday. The stock has a fifty day moving average price of $302.46 and a 200 day moving average price of $311.39. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14. Salesforce, Inc. has a 1 year low of $212.00 and a 1 year high of $369.00. The stock has a market cap of $230.89 billion, a price-to-earnings ratio of 39.52, a PEG ratio of 2.58 and a beta of 1.38.

Salesforce Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.70%. This is a positive change from Salesforce’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. Salesforce’s payout ratio is currently 26.10%.

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.