KMG Fiduciary Partners LLC Raises Holdings in salesforce.com, inc. (CRM)

KMG Fiduciary Partners LLC boosted its position in salesforce.com, inc. (NYSE:CRM) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,791 shares of the CRM provider’s stock after buying an additional 85 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in salesforce.com were worth $1,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of CRM. Patriot Financial Group Insurance Agency LLC bought a new position in shares of salesforce.com during the fourth quarter valued at approximately $28,000. CX Institutional raised its holdings in salesforce.com by 426.5% in the first quarter. CX Institutional now owns 179 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 145 shares in the last quarter. Intercontinental Wealth Advisors LLC bought a new position in salesforce.com in the fourth quarter worth $36,000. Semmax Financial Advisors Inc. bought a new position in salesforce.com in the fourth quarter worth $36,000. Finally, Aspire Private Capital LLC bought a new position in salesforce.com in the fourth quarter worth $36,000. 83.02% of the stock is owned by institutional investors and hedge funds.

NYSE:CRM traded up $0.04 on Tuesday, hitting $160.13. The stock had a trading volume of 46,013 shares, compared to its average volume of 4,500,947. The stock has a market capitalization of $123.39 billion, a price-to-earnings ratio of 110.41, a PEG ratio of 5.36 and a beta of 1.39. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.95 and a current ratio of 0.95. salesforce.com, inc. has a 52-week low of $113.60 and a 52-week high of $166.99.

salesforce.com (NYSE:CRM) last announced its earnings results on Monday, March 4th. The CRM provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.14. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.56 billion. salesforce.com had a return on equity of 8.42% and a net margin of 8.36%. During the same period last year, the firm posted $0.35 earnings per share. As a group, equities analysts forecast that salesforce.com, inc. will post 1.31 earnings per share for the current fiscal year.

In other news, insider Parker Harris sold 6,331 shares of the firm’s stock in a transaction dated Tuesday, January 29th. The stock was sold at an average price of $145.80, for a total value of $923,059.80. Following the transaction, the insider now owns 29,974 shares of the company’s stock, valued at $4,370,209.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Marc Benioff sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $147.78, for a total value of $2,216,700.00. The disclosure for this sale can be found here. Insiders sold 434,812 shares of company stock worth $68,474,552 over the last three months. Insiders own 6.00% of the company’s stock.

CRM has been the subject of a number of research reports. Stephens initiated coverage on salesforce.com in a report on Wednesday, January 16th. They issued an “overweight” rating and a $183.00 price objective for the company. TheStreet upgraded salesforce.com from a “c+” rating to a “b” rating in a report on Thursday, January 31st. Atlantic Securities initiated coverage on salesforce.com in a report on Wednesday, January 9th. They issued an “overweight” rating and a $179.00 price objective for the company. Bank of America reiterated a “buy” rating and issued a $200.00 price objective (up previously from $181.00) on shares of salesforce.com in a report on Wednesday, February 27th. Finally, Barclays increased their price objective on salesforce.com to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Three analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $177.82.

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salesforce.com Company Profile

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. 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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Institutional Ownership by Quarter for salesforce.com (NYSE:CRM)

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