Integrated Wealth Concepts LLC Increases Stake in Salesforce Inc. $CRM

Key Points

• Integrated Wealth Concepts LLC increased its stake in Salesforce Inc. by 8.4% during the first quarter, acquiring an additional 1,776 shares, bringing its total holdings to 22,935 shares valued at approximately $6.15 million.
• Several analysts have revised their price targets for Salesforce, with JPMorgan Chase lowering its target to $365 and Piper Sandler cutting it to $315, while needham & Company retains a buy rating with a price objective of $400.
• Salesforce declared a quarterly dividend of $0.416 per share, with payment scheduled for October 9th, representing an annualized yield of 0.7%.

Integrated Wealth Concepts LLC increased its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 8.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,935 shares of the CRM provider's stock after acquiring an additional 1,776 shares during the period. Integrated Wealth Concepts LLC's holdings in Salesforce were worth $6,155,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. grew its stake in Salesforce by 3,210.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 441,684 shares of the CRM provider's stock valued at $118,530,000 after purchasing an additional 428,343 shares during the period. KADENSA CAPITAL Ltd grew its position in Salesforce by 5.6% during the first quarter. KADENSA CAPITAL Ltd now owns 95,104 shares of the CRM provider's stock valued at $25,522,000 after buying an additional 5,024 shares during the period. KDT Advisors LLC increased its holdings in Salesforce by 4.1% during the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider's stock worth $260,000 after buying an additional 38 shares during the last quarter. Hancock Whitney Corp boosted its stake in Salesforce by 2.7% in the first quarter. Hancock Whitney Corp now owns 12,398 shares of the CRM provider's stock valued at $3,327,000 after acquiring an additional 331 shares during the last quarter. Finally, Belmont Capital LLC grew its position in shares of Salesforce by 31.4% during the 1st quarter. Belmont Capital LLC now owns 6,570 shares of the CRM provider's stock valued at $1,763,000 after acquiring an additional 1,570 shares during the period. 80.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CRM has been the subject of several research reports. Citigroup increased their price objective on Salesforce from $275.00 to $276.00 and gave the company a "neutral" rating in a report on Tuesday. Canaccord Genuity Group decreased their price objective on Salesforce from $350.00 to $300.00 and set a "buy" rating for the company in a report on Thursday, September 4th. Barclays dropped their price objective on shares of Salesforce from $347.00 to $316.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Salesforce from $400.00 to $340.00 and set a "buy" rating for the company in a research note on Thursday, September 4th. Finally, Westpark Capital restated a "buy" rating and set a $320.00 price target on shares of Salesforce in a research note on Wednesday, May 28th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $332.58.

Salesforce Price Performance

Shares of CRM traded down $0.15 during mid-day trading on Tuesday, reaching $252.12. 8,445,742 shares of the stock traded hands, compared to its average volume of 7,521,434. The company has a market cap of $240.02 billion, a price-to-earnings ratio of 36.65, a price-to-earnings-growth ratio of 2.29 and a beta of 1.22. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The firm has a fifty day moving average price of $255.22 and a 200 day moving average price of $265.91. 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 posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. The company had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company 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 predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

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

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $241.50, for a total value of $543,375.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares of the company's stock, valued at $2,876,644,396.50. The trade was a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 66,077 shares of company stock worth $16,885,773 in the last three months. Insiders own 3.00% of the company's stock.

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.