Compagnie Lombard Odier SCmA Sells 4,121 Shares of Salesforce, Inc. (NYSE:CRM)

Compagnie Lombard Odier SCmA lowered its stake in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 1.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 209,619 shares of the CRM provider's stock after selling 4,121 shares during the period. Compagnie Lombard Odier SCmA's holdings in Salesforce were worth $56,253,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bellecapital International Ltd. increased its stake in shares of Salesforce by 95.4% during the first quarter. Bellecapital International Ltd. now owns 2,566 shares of the CRM provider's stock worth $689,000 after buying an additional 1,253 shares during the period. Mogy Joel R Investment Counsel Inc. boosted its position in Salesforce by 0.3% during the first quarter. Mogy Joel R Investment Counsel Inc. now owns 197,535 shares of the CRM provider's stock worth $53,010,000 after purchasing an additional 584 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its holdings in Salesforce by 91.1% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 3,692 shares of the CRM provider's stock valued at $991,000 after purchasing an additional 1,760 shares during the last quarter. Tran Capital Management L.P. raised its stake in shares of Salesforce by 6.0% during the 1st quarter. Tran Capital Management L.P. now owns 92,950 shares of the CRM provider's stock worth $24,944,000 after buying an additional 5,239 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Salesforce by 9.8% in the 1st quarter. Fifth Third Bancorp now owns 262,168 shares of the CRM provider's stock worth $70,355,000 after buying an additional 23,437 shares in the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce Stock Performance

Shares of NYSE:CRM traded up $0.65 during trading on Thursday, hitting $266.56. 8,047,893 shares of the company traded hands, compared to its average volume of 6,571,158. The stock has a market capitalization of $254.83 billion, a price-to-earnings ratio of 43.84, a PEG ratio of 2.58 and a beta of 1.38. Salesforce, Inc. has a one year low of $227.77 and a one year high of $369.00. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. The business's fifty day moving average is $267.35 and its 200-day moving average is $301.22.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, May 28th. The CRM provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.55 by $0.03. The firm had revenue of $9.83 billion for the quarter, compared to analysts' expectations of $9.74 billion. Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The firm's revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned $2.44 EPS. As a group, equities analysts predict that Salesforce, Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be given a $0.416 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.66 annualized dividend and a yield of 0.62%. Salesforce's dividend payout ratio (DPR) is 25.98%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Sanford C. Bernstein raised their price objective on shares of Salesforce from $243.00 to $255.00 and gave the stock an "underperform" rating in a research note on Thursday, May 29th. Redburn Atlantic began coverage on Salesforce in a research note on Wednesday, February 19th. They set a "buy" rating on the stock. Macquarie restated a "neutral" rating and set a $320.00 price objective on shares of Salesforce in a report on Thursday, March 20th. Barclays dropped their target price on Salesforce from $425.00 to $347.00 and set an "overweight" rating for the company in a research note on Thursday, May 29th. Finally, Canaccord Genuity Group reduced their target price on Salesforce from $400.00 to $350.00 and set a "buy" rating on the stock in a research report on Wednesday, May 28th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-seven have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, Salesforce presently has an average rating of "Moderate Buy" and a consensus price target of $346.34.

Insider Activity

In related news, CAO Sundeep G. Reddy sold 500 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $275.00, for a total value of $137,500.00. Following the transaction, the chief accounting officer now directly owns 11,711 shares in the company, valued at approximately $3,220,525. This trade represents a 4.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Miguel Milano sold 705 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $279.44, for a total transaction of $197,005.20. Following the transaction, the insider now owns 9,323 shares of the company's stock, valued at approximately $2,605,219.12. The trade was a 7.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,332 shares of company stock worth $11,024,802. Insiders own 3.20% of the company's stock.

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.