BDF Gestion Grows Position in Salesforce Inc. $CRM

Key Points

• BDF Gestion increased its shares in Salesforce Inc. by 27.8% during Q2, now owning 32,120 shares worth approximately $8.76 million.
• Salesforce reported a better-than-expected EPS of $2.91 for the recent quarter, exceeding estimates and posting a 9.8% year-over-year revenue increase to $10.24 billion.
• The firm recently announced a quarterly dividend of $0.416 per share, resulting in a 0.7% yield, with a payout ratio of 24.13%.

BDF Gestion boosted its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 27.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,120 shares of the CRM provider's stock after purchasing an additional 6,983 shares during the period. Salesforce comprises 1.0% of BDF Gestion's holdings, making the stock its 16th biggest holding. BDF Gestion's holdings in Salesforce were worth $8,759,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bernard Wealth Management Corp. acquired a new stake in shares of Salesforce in the fourth quarter worth $25,000. Capital A Wealth Management LLC increased its position in shares of Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after acquiring an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its stake in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after buying an additional 85 shares during the period. Abound Financial LLC purchased a new stake in shares of Salesforce during the 1st quarter worth $31,000. Finally, Christopher J. Hasenberg Inc raised its stake in Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock valued at $32,000 after buying an additional 92 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors.

Salesforce Stock Performance

CRM stock traded up $2.76 during midday trading on Friday, reaching $247.04. The stock had a trading volume of 11,772,214 shares, compared to its average volume of 10,219,225. The stock has a market cap of $235.18 billion, a PE ratio of 35.91, a P/E/G ratio of 2.25 and a beta of 1.22. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The firm has a fifty day simple moving average of $250.77 and a two-hundred day simple moving average of $262.77. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12.

Salesforce (NYSE:CRM - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the firm posted $2.56 earnings per share. The company's revenue was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, equities research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be given a $0.416 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce's dividend payout ratio is presently 24.13%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CRM. Piper Sandler cut their target price on shares of Salesforce from $335.00 to $315.00 and set an "overweight" rating for the company in a research report on Thursday, September 4th. Bank of America dropped their price objective on Salesforce from $350.00 to $325.00 and set a "buy" rating on the stock in a report on Tuesday, August 26th. Morgan Stanley raised their target price on Salesforce from $404.00 to $405.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Royal Bank Of Canada dropped their price objective on Salesforce from $275.00 to $250.00 and set a "sector perform" rating on the stock in a research note on Thursday, September 4th. Finally, Barclays reduced their price objective on Salesforce from $347.00 to $316.00 and set an "overweight" rating on the stock in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $332.58.

Insiders Place Their Bets

In related news, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total transaction of $578,295.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,061,511,978.42. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, with a total value of $865,844.00. Following the transaction, the director directly owned 3,824 shares of the company's stock, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 77,327 shares of company stock worth $19,651,406 over the last quarter. 3.00% of the stock is currently owned by company insiders.

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.