Capital Impact Advisors LLC Takes $10.71 Million Position in Salesforce Inc. $CRM

Key Points

• Capital Impact Advisors LLC has acquired a new position in Salesforce Inc., purchasing approximately 39,924 shares valued at $10.71 million, making it the firm's 6th largest holding.
• Salesforce reported a quarterly earnings per share (EPS) of $2.91, exceeding analysts' expectations, with a revenue of $10.24 billion, marking a 9.8% increase compared to the previous year.
• The company has announced a quarterly dividend of $0.416, which will be paid on October 9th, reflecting a 0.7% dividend yield.

Capital Impact Advisors LLC purchased a new stake in Salesforce Inc. (NYSE:CRM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 39,924 shares of the CRM provider's stock, valued at approximately $10,714,000. Salesforce comprises approximately 4.1% of Capital Impact Advisors LLC's portfolio, making the stock its 6th largest holding.

Other large investors also recently modified their holdings of the company. AIA Group Ltd lifted its stake in shares of Salesforce by 8.0% in the 1st quarter. AIA Group Ltd now owns 32,885 shares of the CRM provider's stock valued at $8,825,000 after acquiring an additional 2,436 shares during the last quarter. Notis McConarty Edward lifted its stake in shares of Salesforce by 71.6% in the 1st quarter. Notis McConarty Edward now owns 3,844 shares of the CRM provider's stock valued at $1,032,000 after acquiring an additional 1,604 shares during the last quarter. Aberdeen Group plc lifted its stake in shares of Salesforce by 1.5% in the 1st quarter. Aberdeen Group plc now owns 1,036,482 shares of the CRM provider's stock valued at $274,802,000 after acquiring an additional 15,782 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. lifted its stake in shares of Salesforce by 43.0% in the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 104,834 shares of the CRM provider's stock valued at $28,133,000 after acquiring an additional 31,537 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt lifted its stake in shares of Salesforce by 121.9% in the 1st quarter. Alecta Tjanstepension Omsesidigt now owns 355,000 shares of the CRM provider's stock valued at $95,222,000 after acquiring an additional 195,000 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

Salesforce Stock Performance

Shares of Salesforce stock opened at $252.12 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $254.82 and a two-hundred day moving average price of $265.82. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The company has a market cap of $240.02 billion, a P/E ratio of 36.65, a PEG ratio of 2.30 and a beta of 1.22.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business's revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $2.56 EPS. 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, analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be paid a $0.416 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce's dividend payout ratio (DPR) is currently 24.13%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CRM shares. Bank of America dropped their price target on Salesforce from $350.00 to $325.00 and set a "buy" rating for the company in a research note on Tuesday, August 26th. Piper Sandler lowered their target price on Salesforce from $335.00 to $315.00 and set an "overweight" rating for the company in a research report on Thursday, September 4th. Stephens lowered their target price on Salesforce from $311.00 to $309.00 and set an "equal weight" rating for the company in a research report on Friday, May 30th. Roth Capital reaffirmed a "buy" rating and set a $395.00 target price on shares of Salesforce in a research report on Thursday, September 4th. Finally, KeyCorp lowered their target price on Salesforce from $440.00 to $400.00 and set an "overweight" rating for the company in a research report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $332.58.

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $251.12, for a total value of $565,020.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,991,233,709.52. This trade represents a 0.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders sold 68,327 shares of company stock valued at $17,450,793. Company insiders own 3.00% of the company's stock.

Salesforce Company 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.

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