Murphy Capital Management Inc. grew its holdings in shares of salesforce.com, inc. (NYSE:CRM) by 40.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,960 shares of the CRM provider’s stock after purchasing an additional 3,700 shares during the period. Murphy Capital Management Inc.’s holdings in salesforce.com were worth $1,775,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Mycio Wealth Partners LLC increased its position in shares of salesforce.com by 2.5% in the 4th quarter. Mycio Wealth Partners LLC now owns 2,833 shares of the CRM provider’s stock valued at $388,000 after acquiring an additional 70 shares during the period. Parkside Financial Bank & Trust increased its position in shares of salesforce.com by 11.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 779 shares of the CRM provider’s stock valued at $107,000 after acquiring an additional 77 shares during the period. Hollencrest Capital Management increased its position in shares of salesforce.com by 1.0% in the 4th quarter. Hollencrest Capital Management now owns 8,681 shares of the CRM provider’s stock valued at $1,189,000 after acquiring an additional 85 shares during the period. Parsons Capital Management Inc. RI increased its position in shares of salesforce.com by 0.3% in the 4th quarter. Parsons Capital Management Inc. RI now owns 32,824 shares of the CRM provider’s stock valued at $4,496,000 after acquiring an additional 94 shares during the period. Finally, Watermark Asset Management Inc. increased its position in shares of salesforce.com by 20.2% in the 4th quarter. Watermark Asset Management Inc. now owns 619 shares of the CRM provider’s stock valued at $85,000 after acquiring an additional 104 shares during the period. Hedge funds and other institutional investors own 82.23% of the company’s stock.
NYSE:CRM opened at $156.67 on Friday. The stock has a market cap of $119.85 billion, a PE ratio of 348.16, a price-to-earnings-growth ratio of 5.08 and a beta of 1.37. salesforce.com, inc. has a 52 week low of $102.37 and a 52 week high of $161.19. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.86 and a current ratio of 0.86.
salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.11. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.37 billion. salesforce.com had a net margin of 6.51% and a return on equity of 8.06%. salesforce.com’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period last year, the company posted $0.39 EPS. As a group, analysts expect that salesforce.com, inc. will post 1.32 EPS for the current fiscal year.
In related news, CEO Keith Block sold 2,160 shares of the firm’s stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $131.48, for a total value of $283,996.80. Following the transaction, the chief executive officer now directly owns 23,836 shares of the company’s stock, valued at approximately $3,133,957.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Parker Harris sold 5,710 shares of the firm’s stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $131.92, for a total transaction of $753,263.20. Following the completion of the transaction, the insider now directly owns 27,937 shares in the company, valued at $3,685,449.04. The disclosure for this sale can be found here. Insiders sold a total of 531,829 shares of company stock worth $73,328,115 over the last ninety days. 6.00% of the stock is currently owned by corporate insiders.
Several equities analysts recently issued reports on CRM shares. TheStreet downgraded salesforce.com from a “b-” rating to a “c+” rating in a research report on Friday, October 26th. ValuEngine raised salesforce.com from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. Royal Bank of Canada reissued a “buy” rating and issued a $182.00 target price on shares of salesforce.com in a research report on Wednesday, November 28th. Zacks Investment Research reissued a “hold” rating on shares of salesforce.com in a research report on Monday, November 12th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $160.00 target price on shares of salesforce.com in a research report on Wednesday, November 28th. Three investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $170.38.
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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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