Focus Partners Wealth Boosts Stock Holdings in Salesforce Inc. $CRM

Key Points

• Focus Partners Wealth has increased its stake in Salesforce Inc. by 4.9%, now holding 231,301 shares worth approximately $62 million.
• Salesforce reported earnings of $2.91 per share for the last quarter, surpassing estimates and showing a revenue increase of 9.8% year-over-year.
• The company has announced a quarterly dividend of $0.416 per share, with an ex-dividend date of September 17th, reflecting a 0.7% dividend yield.

Focus Partners Wealth raised its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 4.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,301 shares of the CRM provider's stock after acquiring an additional 10,782 shares during the period. Focus Partners Wealth's holdings in Salesforce were worth $62,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Salesforce by 6.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider's stock valued at $2,484,616,000 after acquiring an additional 600,386 shares in the last quarter. AIA Group Ltd boosted its stake in Salesforce by 8.0% in the first 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 in the last quarter. Notis McConarty Edward raised its holdings in shares of Salesforce by 71.6% in the first quarter. Notis McConarty Edward now owns 3,844 shares of the CRM provider's stock valued at $1,032,000 after buying an additional 1,604 shares during the last quarter. Aberdeen Group plc raised its holdings in shares of Salesforce by 1.5% in the first quarter. Aberdeen Group plc now owns 1,036,482 shares of the CRM provider's stock valued at $274,802,000 after buying an additional 15,782 shares during the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. raised its holdings in shares of Salesforce by 43.0% in the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 104,834 shares of the CRM provider's stock valued at $28,133,000 after buying an additional 31,537 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Salesforce Price Performance

Shares of CRM stock traded down $0.33 during trading hours on Monday, hitting $242.43. The company's stock had a trading volume of 2,758,432 shares, compared to its average volume of 7,529,945. The business has a fifty day moving average of $253.21 and a 200-day moving average of $264.29. The stock has a market cap of $230.79 billion, a price-to-earnings ratio of 35.22, a P/E/G ratio of 2.21 and a beta of 1.22. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company's quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.56 earnings per share. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be given a dividend of $0.416 per share. 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 (DPR) is 24.13%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CRM shares. Stifel Nicolaus reduced their target price on shares of Salesforce from $375.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. JMP Securities reaffirmed a "market outperform" rating and issued a $430.00 target price on shares of Salesforce in a report on Tuesday, September 2nd. Sanford C. Bernstein reduced their target price on shares of Salesforce from $255.00 to $221.00 and set an "underperform" rating for the company in a report on Thursday, September 4th. DA Davidson raised shares of Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 target price for the company in a report on Friday, August 15th. Finally, Erste Group Bank cut shares of Salesforce from a "buy" rating to a "hold" rating in a report on Thursday, June 5th. One investment 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 company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $332.58.

Insider Buying and Selling

In other news, Director David Blair Kirk bought 3,400 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director owned 3,824 shares in the company, valued at $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $246.66, for a total transaction of $554,985.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,938,108,102.86. This represents a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,577 shares of company stock worth $18,005,778. 3.00% of the stock is 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.