Hyperion Asset Management Ltd Has $42.66 Million Stake in Salesforce Inc. $CRM

Key Points

• Hyperion Asset Management Ltd increased its stake in Salesforce Inc. by 14.5% in Q2, now owning $42.66 million worth of shares, which represents 1.3% of its portfolio.
• Salesforce's recent quarterly earnings surpassed expectations, reporting $2.91 EPS, and a revenue of $10.24 billion, up 9.8% year-over-year.
• The company announced a $0.416 quarterly dividend with an ex-dividend date of September 17th, resulting in an annual yield of 0.7%.

Hyperion Asset Management Ltd grew its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 14.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 156,438 shares of the CRM provider's stock after acquiring an additional 19,783 shares during the quarter. Salesforce accounts for approximately 1.3% of Hyperion Asset Management Ltd's investment portfolio, making the stock its 18th largest position. Hyperion Asset Management Ltd's holdings in Salesforce were worth $42,659,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CRM. Coign Capital Advisors LLC increased its stake in shares of Salesforce by 1.7% in the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider's stock valued at $586,000 after buying an additional 37 shares during the period. Staley Capital Advisers Inc. increased its stake in shares of Salesforce by 1.1% in the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider's stock valued at $897,000 after buying an additional 38 shares during the period. KDT Advisors LLC increased its stake in shares of Salesforce by 4.1% in the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider's stock valued at $260,000 after buying an additional 38 shares during the period. Liberty One Investment Management LLC increased its stake in shares of Salesforce by 1.2% in the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider's stock valued at $849,000 after buying an additional 39 shares during the period. Finally, First Command Advisory Services Inc. increased its stake in shares of Salesforce by 7.3% in the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider's stock valued at $154,000 after buying an additional 39 shares during the period. Institutional investors and hedge funds own 80.43% of the company's stock.

Salesforce Trading Up 1.0%

Shares of CRM opened at $249.64 on Tuesday. The business has a 50-day moving average of $250.58 and a 200 day moving average of $262.38. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The firm has a market cap of $237.66 billion, a P/E ratio of 36.28, a price-to-earnings-growth ratio of 2.25 and a beta of 1.22. 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 announced 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 analyst estimates of $10.14 billion. During the same quarter last year, the firm posted $2.56 EPS. The firm'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. As a group, research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CRM shares. Sanford C. Bernstein lowered their price objective on Salesforce from $255.00 to $221.00 and set an "underperform" rating for the company in a research note on Thursday, September 4th. JMP Securities restated a "market outperform" rating and set a $430.00 price target on shares of Salesforce in a report on Tuesday, September 2nd. DA Davidson upgraded shares of Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 price target for the company in a report on Friday, August 15th. The Goldman Sachs Group increased their price target on Salesforce from $340.00 to $385.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Finally, Robert W. Baird cut their price target on Salesforce from $365.00 to $325.00 and set an "outperform" rating on the stock in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $332.58.

Insider Activity

In related news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $245.09, for a total value of $551,452.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $2,919,406,936.39. This trade represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David Blair Kirk acquired 3,400 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average cost of $254.66 per share, with a total value of $865,844.00. Following the acquisition, the director owned 3,824 shares in the company, valued at $973,819.84. The trade was a 801.89% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 74,250 shares of company stock valued at $18,844,155. 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.

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