IFM Investors Pty Ltd increased its position in salesforce.com, inc. (NYSE:CRM) by 17.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 87,427 shares of the CRM provider’s stock after purchasing an additional 13,291 shares during the period. IFM Investors Pty Ltd’s holdings in salesforce.com were worth $19,455,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dimension Capital Management LLC acquired a new position in salesforce.com in the 3rd quarter valued at approximately $26,000. Demars Financial Group LLC acquired a new position in salesforce.com in the second quarter valued at approximately $30,000. Trustcore Financial Services LLC boosted its stake in salesforce.com by 116.9% in the third quarter. Trustcore Financial Services LLC now owns 128 shares of the CRM provider’s stock valued at $32,000 after acquiring an additional 69 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in salesforce.com in the third quarter valued at approximately $35,000. Finally, Newfound Research LLC acquired a new stake in salesforce.com during the 3rd quarter worth $43,000. Hedge funds and other institutional investors own 80.20% of the company’s stock.
A number of equities research analysts recently commented on the company. Raymond James lifted their price objective on salesforce.com from $255.00 to $280.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, December 2nd. Oppenheimer restated a “buy” rating and set a $265.00 target price on shares of salesforce.com in a research report on Wednesday, December 2nd. Bank of America initiated coverage on shares of salesforce.com in a research report on Wednesday, December 16th. They issued a “top pick” rating and a $275.00 price target on the stock. OTR Global raised shares of salesforce.com to a “positive” rating in a research note on Thursday, November 12th. Finally, KeyCorp assumed coverage on shares of salesforce.com in a research note on Monday, November 23rd. They issued an “overweight” rating and a $310.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-seven have given a buy rating and three have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $259.97.
In other news, insider Amy E. Weaver sold 5,800 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $258.11, for a total transaction of $1,497,038.00. Following the completion of the sale, the insider now owns 26,064 shares in the company, valued at $6,727,379.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Srinivas Tallapragada sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $260.95, for a total value of $1,304,750.00. Following the completion of the transaction, the insider now directly owns 49,127 shares in the company, valued at approximately $12,819,690.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 207,999 shares of company stock worth $50,912,874. 4.40% of the stock is owned by company insiders.
NYSE CRM traded up $2.66 during trading hours on Wednesday, hitting $218.18. 6,607,377 shares of the company traded hands, compared to its average volume of 8,657,937. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.22 and a current ratio of 1.22. The business’s 50-day moving average is $226.49 and its 200-day moving average is $229.45. The stock has a market capitalization of $199.63 billion, a price-to-earnings ratio of 56.97, a P/E/G ratio of 5.65 and a beta of 1.17. salesforce.com, inc. has a twelve month low of $115.29 and a twelve month high of $284.50.
salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Monday, November 30th. The CRM provider reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.99. salesforce.com had a return on equity of 6.63% and a net margin of 17.53%. The company had revenue of $5.42 million for the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The business’s revenue was down 99.9% compared to the same quarter last year. Analysts predict that salesforce.com, inc. will post 2.81 EPS for the current year.
salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.
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