Bfsg LLC Has $99,000 Holdings in Salesforce Inc. $CRM

Key Points

• Bfsg LLC significantly reduced its stake in Salesforce Inc. by 90.5% during the second quarter, now holding only 362 shares valued at $99,000.
• Salesforce reported $2.91 earnings per share for the last quarter, exceeding expectations and reflecting a 9.8% year-over-year revenue increase.
• The company recently announced a quarterly dividend of $0.416 per share, marking a 0.7% dividend yield.

Bfsg LLC cut its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 90.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 362 shares of the CRM provider's stock after selling 3,436 shares during the period. Bfsg LLC's holdings in Salesforce were worth $99,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CRM. Brighton Jones LLC grew its stake in shares of Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock worth $8,582,000 after purchasing an additional 3,102 shares during the period. Revolve Wealth Partners LLC grew its stake in Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock valued at $611,000 after acquiring an additional 205 shares during the period. Bison Wealth LLC grew its stake in Salesforce by 9.0% in the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock valued at $747,000 after acquiring an additional 184 shares during the period. Voloridge Investment Management LLC acquired a new position in Salesforce in the fourth quarter valued at about $872,000. Finally, Heck Capital Advisors LLC acquired a new position in Salesforce in the fourth quarter valued at about $134,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Down 2.1%

CRM stock opened at $244.46 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $232.73 billion, a P/E ratio of 35.53, a P/E/G ratio of 2.28 and a beta of 1.22. The business has a 50-day moving average of $250.31 and a 200-day moving average of $262.25. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company had revenue of $10.24 billion during the quarter, compared to analysts' expectations of $10.14 billion. During the same period in the prior year, the firm earned $2.56 earnings per share. Salesforce's revenue for the quarter 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. On average, sell-side analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CRM. JPMorgan Chase & Co. decreased their target price on Salesforce from $380.00 to $365.00 and set an "overweight" rating for the company in a research note on Thursday, September 4th. Erste Group Bank cut Salesforce from a "buy" rating to a "hold" rating in a research note on Thursday, June 5th. JMP Securities reissued a "market outperform" rating and issued a $430.00 target price on shares of Salesforce in a research note on Tuesday, September 2nd. Northland Securities decreased their target price on Salesforce from $423.00 to $396.00 and set an "outperform" rating for the company in a research note on Thursday, May 29th. Finally, Roth Capital reissued a "buy" rating and issued a $395.00 target price on shares of Salesforce in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $332.58.

Insider Activity

In related news, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $248.19, for a total transaction of $558,427.50. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,956,332,806.49. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David Blair Kirk bought 3,400 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director directly owned 3,824 shares of the company's stock, valued at $973,819.84. This represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 76,500 shares of company stock worth $19,402,583 in the last quarter. 3.00% of the stock is currently owned by corporate insiders.

About Salesforce

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.

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