J. Safra Sarasin Holding AG Has $10.14 Million Holdings in Salesforce Inc. $CRM

Key Points

• J. Safra Sarasin Holding AG reduced its stake in Salesforce by 58% in Q2, owning 37,178 shares worth approximately $10.14 million after selling over 51,000 shares.
• Salesforce reported earnings of $2.91 per share for the last quarter, exceeding analysts' expectations, with a revenue of $10.24 billion, reflecting a year-over-year increase of 9.8%.
• The company declared a quarterly dividend of $0.416 per share, representing an annual yield of 0.7%, to be paid on October 9th.

J. Safra Sarasin Holding AG decreased its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 58.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,178 shares of the CRM provider's stock after selling 51,366 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Salesforce were worth $10,139,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Diversified Trust Co lifted its stake in Salesforce by 30.1% in the second quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider's stock valued at $7,577,000 after buying an additional 6,430 shares during the period. Neville Rodie & Shaw Inc. lifted its holdings in Salesforce by 4.6% during the second quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider's stock worth $16,353,000 after acquiring an additional 2,644 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs acquired a new position in Salesforce in the first quarter valued at about $9,367,000. Jones Financial Companies Lllp increased its holdings in shares of Salesforce by 31.2% in the first quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider's stock worth $93,016,000 after acquiring an additional 81,916 shares in the last quarter. Finally, Park National Corp OH raised its position in shares of Salesforce by 10.5% during the second quarter. Park National Corp OH now owns 114,532 shares of the CRM provider's stock worth $31,232,000 after purchasing an additional 10,901 shares during the period. 80.43% of the stock is owned by institutional investors.

Salesforce Trading Up 1.4%

Shares of NYSE:CRM opened at $239.01 on Friday. The stock has a market capitalization of $227.53 billion, a PE ratio of 34.74, a price-to-earnings-growth ratio of 2.04 and a beta of 1.19. The company's 50-day moving average price is $247.24 and its two-hundred day moving average price is $260.59. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last released its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the business earned $2.56 earnings per share. Salesforce's quarterly revenue 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. On average, equities analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

Insider Buying and Selling at Salesforce

In other news, Director David Blair Kirk bought 3,400 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were acquired at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the acquisition, the director owned 3,824 shares in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $265.77, for a total transaction of $597,982.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $3,165,738,224.67. This represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 81,000 shares of company stock valued at $20,357,213 over the last three months. 3.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CRM has been the subject of a number of research reports. Macquarie reissued a "neutral" rating and set a $290.00 target price on shares of Salesforce in a research note on Thursday, September 4th. UBS Group lowered their price objective on shares of Salesforce from $300.00 to $260.00 and set a "neutral" rating for the company in a research report on Monday, August 18th. DA Davidson raised shares of Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 price objective on the stock in a research report on Friday, August 15th. BMO Capital Markets lowered their target price on Salesforce from $335.00 to $280.00 and set an "outperform" rating for the company in a report on Thursday, September 4th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $400.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Twenty-six analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Salesforce has an average rating of "Moderate Buy" and an average price target of $332.58.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.