Salesforce, Inc. (NYSE:CRM) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. decreased its position in shares of Salesforce, Inc. (NYSE:CRM) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,754 shares of the CRM provider’s stock after selling 364 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Salesforce were worth $988,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CRM. Bear Mountain Capital Inc. acquired a new stake in shares of Salesforce in the fourth quarter valued at approximately $26,000. Kathleen S. Wright Associates Inc. acquired a new stake in Salesforce in the 4th quarter valued at approximately $31,000. BKM Wealth Management LLC acquired a new stake in Salesforce in the 4th quarter valued at approximately $34,000. Pacifica Partners Inc. raised its stake in Salesforce by 333.3% during the 4th quarter. Pacifica Partners Inc. now owns 130 shares of the CRM provider’s stock valued at $33,000 after acquiring an additional 100 shares in the last quarter. Finally, AlphaMark Advisors LLC boosted its position in Salesforce by 892.9% during the 4th quarter. AlphaMark Advisors LLC now owns 139 shares of the CRM provider’s stock worth $37,000 after acquiring an additional 125 shares during the period. Institutional investors own 80.43% of the company’s stock.

Salesforce Price Performance

Shares of NYSE:CRM opened at $276.63 on Wednesday. The business has a 50-day moving average of $296.91 and a two-hundred day moving average of $263.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09. Salesforce, Inc. has a fifty-two week low of $190.57 and a fifty-two week high of $318.71. The stock has a market capitalization of $268.33 billion, a P/E ratio of 65.86, a P/E/G ratio of 2.11 and a beta of 1.28.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, February 28th. The CRM provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. Salesforce had a net margin of 11.87% and a return on equity of 10.42%. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.22 billion. During the same period last year, the business posted $1.01 EPS. Salesforce’s revenue was up 10.8% compared to the same quarter last year. On average, equities research analysts predict that Salesforce, Inc. will post 7.45 EPS for the current fiscal year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Wednesday, March 13th. Salesforce’s dividend payout ratio is currently 9.52%.

Insider Activity at Salesforce

In related news, CFO Amy E. Weaver sold 4,096 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $273.15, for a total transaction of $1,118,822.40. Following the completion of the sale, the chief financial officer now owns 49,290 shares in the company, valued at approximately $13,463,563.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Amy E. Weaver sold 4,096 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $273.15, for a total transaction of $1,118,822.40. Following the sale, the chief financial officer now directly owns 49,290 shares in the company, valued at approximately $13,463,563.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Amy E. Weaver sold 942 shares of Salesforce stock in a transaction on Monday, March 25th. The shares were sold at an average price of $305.46, for a total value of $287,743.32. Following the completion of the transaction, the chief financial officer now owns 39,416 shares of the company’s stock, valued at approximately $12,040,011.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 616,589 shares of company stock worth $181,071,306. Company insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. TheStreet upgraded shares of Salesforce from a “c+” rating to a “b-” rating in a research note on Friday, January 19th. Mizuho reiterated a “buy” rating and set a $345.00 price objective (up previously from $325.00) on shares of Salesforce in a research note on Thursday, February 29th. StockNews.com lowered Salesforce from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 19th. Citigroup raised their target price on Salesforce from $265.00 to $325.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. Finally, BMO Capital Markets upped their price target on shares of Salesforce from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Nine research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and an average target price of $310.61.

Salesforce Company 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.