Parkside Financial Bank & Trust Boosts Holdings in Salesforce, Inc. (NYSE:CRM)

Parkside Financial Bank & Trust lifted its stake in Salesforce, Inc. (NYSE:CRM) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,950 shares of the CRM provider’s stock after purchasing an additional 64 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Salesforce were worth $776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Bear Mountain Capital Inc. bought a new stake in Salesforce in the 4th quarter worth about $26,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Salesforce during the 4th quarter valued at about $31,000. Pacifica Partners Inc. grew its stake in shares of 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 purchasing an additional 100 shares during the period. BKM Wealth Management LLC bought a new stake in shares of Salesforce during the 4th quarter valued at about $34,000. Finally, AlphaMark Advisors LLC grew its stake in shares of Salesforce by 892.9% during the 4th quarter. AlphaMark Advisors LLC now owns 139 shares of the CRM provider’s stock valued at $37,000 after purchasing an additional 125 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wolfe Research restated an “outperform” rating and set a $365.00 price target on shares of Salesforce in a research note on Tuesday, April 16th. Argus boosted their price target on Salesforce from $290.00 to $354.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Stifel Nicolaus reiterated a “buy” rating and set a $350.00 price objective on shares of Salesforce in a research note on Wednesday, April 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $350.00 price objective (up from $325.00) on shares of Salesforce in a research note on Friday, April 12th. Finally, TheStreet upgraded Salesforce from a “c+” rating to a “b-” rating in a research note on Friday, January 19th. Nine equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $310.61.

Salesforce Trading Up 0.5 %

Shares of NYSE CRM traded up $1.45 during trading hours on Tuesday, hitting $275.26. 4,837,417 shares of the company traded hands, compared to its average volume of 5,699,650. The stock has a market capitalization of $267.00 billion, a price-to-earnings ratio of 65.07, a price-to-earnings-growth ratio of 2.08 and a beta of 1.28. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average price is $297.00 and its 200 day moving average price is $262.79. Salesforce, Inc. has a 12 month low of $190.57 and a 12 month high of $318.71.

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

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders 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 yield of 0.58%. The ex-dividend date of this dividend was Wednesday, March 13th. Salesforce’s dividend payout ratio (DPR) is 9.52%.

Insider Buying and Selling at Salesforce

In other Salesforce news, CEO Marc Benioff sold 15,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $315.54, for a total transaction of $4,733,100.00. Following the transaction, the chief executive officer now owns 13,311,166 shares of the company’s stock, valued at approximately $4,200,205,319.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Salesforce news, CEO Marc Benioff sold 15,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $315.54, for a total transaction of $4,733,100.00. Following the transaction, the chief executive officer now owns 13,311,166 shares of the company’s stock, valued at approximately $4,200,205,319.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Srinivas Tallapragada sold 2,890 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $309.32, for a total transaction of $893,934.80. Following the completion of the sale, the insider now owns 60,416 shares in the company, valued at $18,687,877.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 596,379 shares of company stock valued at $175,587,970. Company insiders own 3.70% of the company’s stock.

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.