Nicolet Advisory Services LLC Boosts Holdings in Salesforce, Inc. (NYSE:CRM)

Nicolet Advisory Services LLC increased its holdings in Salesforce, Inc. (NYSE:CRM) by 8.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,452 shares of the CRM provider’s stock after purchasing an additional 426 shares during the period. Nicolet Advisory Services LLC’s holdings in Salesforce were worth $1,733,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Arlington Trust Co LLC grew its holdings in shares of Salesforce by 85.1% in the fourth quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock worth $29,000 after purchasing an additional 40 shares during the last quarter. Compass Financial Services Inc purchased a new stake in Salesforce during the 4th quarter valued at $30,000. Asset Planning Inc bought a new stake in Salesforce in the 4th quarter worth $31,000. Collier Financial purchased a new position in shares of Salesforce in the fourth quarter valued at about $32,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in shares of Salesforce during the fourth quarter valued at about $35,000. Institutional investors own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Loop Capital decreased their target price on Salesforce from $330.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Scotiabank dropped their target price on shares of Salesforce from $400.00 to $345.00 and set a “sector outperform” rating for the company in a research report on Monday, March 17th. Redburn Atlantic assumed coverage on shares of Salesforce in a research note on Wednesday, February 19th. They set a “buy” rating on the stock. Barclays increased their price target on shares of Salesforce from $415.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, Citigroup reaffirmed a “buy” rating on shares of Salesforce in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have issued a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $361.42.

Salesforce Trading Up 0.7 %

Shares of CRM stock opened at $272.06 on Thursday. The stock has a market capitalization of $261.45 billion, a P/E ratio of 44.75, a P/E/G ratio of 2.58 and a beta of 1.35. 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 firm’s 50 day moving average is $305.91 and its 200 day moving average is $311.50. Salesforce, Inc. has a 12-month low of $212.00 and a 12-month high of $369.00.

Salesforce Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 10th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.68 annualized dividend and a dividend yield of 0.62%. This is a positive change from Salesforce’s previous quarterly dividend of $0.40. Salesforce’s payout ratio is presently 26.10%.

Insider Activity at Salesforce

In other news, CFO Amy E. Weaver sold 6,221 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $329.88, for a total transaction of $2,052,183.48. Following the completion of the sale, the chief financial officer now owns 45,861 shares of the company’s stock, valued at $15,128,626.68. This represents a 11.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Sundeep G. Reddy sold 500 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $335.94, for a total transaction of $167,970.00. Following the completion of the transaction, the chief accounting officer now directly owns 6,557 shares in the company, valued at approximately $2,202,758.58. The trade was a 7.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,660 shares of company stock worth $14,095,336. 3.20% of the stock is owned by insiders.

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.