KPP Advisory Services LLC Has $3.19 Million Position in Salesforce Inc. $CRM

Key Points

• KPP Advisory Services LLC increased its position in Salesforce Inc. by 12.9% during the second quarter, holding 11,698 shares valued at $3.19 million at the end of the period.
• Salesforce reported a 9.8% year-over-year revenue growth with quarterly earnings of $2.91 per share, surpassing analysts' expectations of $2.78.
• The company announced a quarterly dividend of $0.416 per share, which represents a dividend yield of 0.6% and a payout ratio of 24.13%.

KPP Advisory Services LLC lifted its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 12.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,698 shares of the CRM provider's stock after acquiring an additional 1,340 shares during the quarter. KPP Advisory Services LLC's holdings in Salesforce were worth $3,190,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CRM. Coign Capital Advisors LLC grew its holdings in Salesforce by 1.7% during the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider's stock worth $586,000 after acquiring an additional 37 shares during the period. Staley Capital Advisers Inc. grew its holdings in shares of Salesforce by 1.1% during the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider's stock worth $897,000 after buying an additional 38 shares in the last quarter. KDT Advisors LLC grew its holdings in shares of 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 in the last quarter. Liberty One Investment Management LLC grew its stake in shares of Salesforce by 1.2% during the 1st quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider's stock worth $849,000 after acquiring an additional 39 shares in the last quarter. Finally, First Command Advisory Services Inc. lifted its position 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 worth $154,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 80.43% of the company's stock.

Salesforce Stock Performance

Shares of NYSE:CRM opened at $256.35 on Thursday. The company has a market capitalization of $244.05 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 2.17 and a beta of 1.19. The firm's 50-day moving average is $245.85 and its 200 day moving average is $257.92. Salesforce Inc. has a 12 month low of $226.48 and a 12 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 issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the company earned $2.56 EPS. Salesforce's quarterly revenue was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Research analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were given a dividend of $0.416 per share. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.6%. Salesforce's dividend payout ratio (DPR) is 24.13%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CRM shares. Wells Fargo & Company lowered their price target on Salesforce from $275.00 to $265.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 4th. Morgan Stanley raised their price objective on shares of Salesforce from $404.00 to $405.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Northland Securities downgraded Salesforce from an "outperform" rating to a "market perform" rating and set a $264.00 target price on the stock. in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft reduced their price target on Salesforce from $400.00 to $340.00 and set a "buy" rating for the company in a research note on Thursday, September 4th. Finally, UBS Group dropped their target price on Salesforce from $300.00 to $260.00 and set a "neutral" rating for the company in a report on Monday, August 18th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Salesforce has an average rating of "Moderate Buy" and an average price target of $325.23.

Insider Buying and Selling at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $242.44, for a total transaction of $545,490.00. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,887,841,273.24. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David Blair Kirk acquired 3,400 shares of the company's stock in a transaction dated Tuesday, September 9th. The shares were acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director owned 3,824 shares of the company's stock, valued at approximately $973,819.84. This represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 78,750 shares of company stock worth $19,448,213 over the last 90 days. 3.00% of the stock is currently 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.

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