GW Henssler & Associates Ltd. Purchases 5,413 Shares of Salesforce Inc. $CRM

Key Points

• GW Henssler & Associates Ltd. increased its holdings in Salesforce Inc. by 8.9% during the first quarter, acquiring an additional 5,413 shares, bringing their total to 66,450 shares valued at approximately $17.8 million.
• Salesforce recently announced a quarterly dividend of $0.416 per share, which represents an annual yield of 0.6% and a payout ratio of 25.98%.
• Analysts have varying target prices for Salesforce, with Goldman Sachs raising theirs from $340 to $385 and a consensus average target price around $341.47, indicating a strong interest in the stock.

GW Henssler & Associates Ltd. boosted its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 8.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,450 shares of the CRM provider's stock after purchasing an additional 5,413 shares during the period. GW Henssler & Associates Ltd.'s holdings in Salesforce were worth $17,833,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CRM. 1248 Management LLC bought a new stake in shares of Salesforce in the 1st quarter valued at about $52,000. Focus Partners Advisor Solutions LLC lifted its stake in shares of Salesforce by 4.5% in the first quarter. Focus Partners Advisor Solutions LLC now owns 11,692 shares of the CRM provider's stock worth $3,138,000 after acquiring an additional 503 shares during the period. First Financial Bankshares Inc boosted its holdings in Salesforce by 39.6% in the first quarter. First Financial Bankshares Inc now owns 77,292 shares of the CRM provider's stock valued at $20,742,000 after acquiring an additional 21,930 shares during the last quarter. One Wealth Capital Management LLC increased its position in Salesforce by 37.8% during the 1st quarter. One Wealth Capital Management LLC now owns 1,039 shares of the CRM provider's stock valued at $279,000 after purchasing an additional 285 shares during the period. Finally, Flputnam Investment Management Co. raised its holdings in Salesforce by 19.7% during the 1st quarter. Flputnam Investment Management Co. now owns 95,730 shares of the CRM provider's stock worth $25,690,000 after purchasing an additional 15,749 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRM has been the subject of a number of analyst reports. Cantor Fitzgerald reissued an "overweight" rating and set a $325.00 target price on shares of Salesforce in a research note on Thursday. Stifel Nicolaus dropped their price objective on Salesforce from $375.00 to $325.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Erste Group Bank lowered Salesforce from a "buy" rating to a "hold" rating in a research report on Thursday, June 5th. Mizuho dropped their price target on Salesforce from $425.00 to $380.00 and set an "outperform" rating on the stock in a research note on Thursday, May 15th. Finally, BMO Capital Markets dropped their price objective on shares of Salesforce from $335.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Salesforce currently has a consensus rating of "Moderate Buy" and a consensus target price of $331.34.

Salesforce Stock Down 4.7%

NYSE CRM traded down $12.13 during trading hours on Thursday, hitting $244.32. The company's stock had a trading volume of 27,370,655 shares, compared to its average volume of 7,420,574. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14. The company's 50-day simple moving average is $256.61 and its two-hundred day simple moving average is $268.18. The company has a market capitalization of $233.57 billion, a PE ratio of 38.23, a price-to-earnings-growth ratio of 2.33 and a beta of 1.22. Salesforce Inc. has a 52 week low of $226.48 and a 52 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 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. The firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the business posted $2.56 EPS. The company's revenue for the quarter was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total transaction of $578,295.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $3,061,511,978.42. This trade represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 63,827 shares of company stock valued at $16,342,398 over the last 90 days. 3.00% of the stock is currently owned by 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.