Lederer & Associates Investment Counsel CA Takes $991,000 Position in Salesforce Inc. $CRM

Key Points

• Lederer & Associates Investment Counsel CA has acquired 3,633 new shares in Salesforce Inc., valued at approximately $991,000, according to a recent SEC filing.
• Salesforce reported an EPS of $2.91 for the last quarter, surpassing analysts' estimates of $2.78, and its quarterly revenue rose by 9.8% year-over-year to $10.24 billion.
• The company has announced a quarterly dividend of $0.416 per share, with a yield of 0.7%, to be paid on October 9th to shareholders of record on September 17th.

Lederer & Associates Investment Counsel CA acquired a new position in shares of Salesforce Inc. (NYSE:CRM - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,633 shares of the CRM provider's stock, valued at approximately $991,000.

Other large investors also recently added to or reduced their stakes in the company. Diversified Trust Co raised its position in Salesforce by 30.1% during the second quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider's stock worth $7,577,000 after acquiring an additional 6,430 shares during the period. Neville Rodie & Shaw Inc. grew its holdings in shares of 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 buying an additional 2,644 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of Salesforce in the first quarter valued at about $9,367,000. Jones Financial Companies Lllp raised its position 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 valued at $93,016,000 after buying an additional 81,916 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Salesforce in the first quarter valued at about $100,472,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Trading Up 1.0%

CRM stock traded up $2.55 during mid-day trading on Monday, hitting $249.64. 7,518,279 shares of the company were exchanged, compared to its average volume of 10,219,225. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $237.66 billion, a P/E ratio of 36.28, a PEG ratio of 2.25 and a beta of 1.22. The business has a fifty day simple moving average of $250.58 and a 200-day simple moving average of $262.38. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last announced its earnings results 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. The company had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. Salesforce's revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $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. On average, equities research analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

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

Insider Activity

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $269.38, for a total transaction of $606,105.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares of the company's stock, valued at $3,208,738,995.98. 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 available through the SEC website. Also, Director David Blair Kirk bought 3,400 shares of the stock in a transaction on Tuesday, September 9th. The shares were bought at an average cost of $254.66 per share, with a total value of $865,844.00. Following the purchase, the director owned 3,824 shares of the company's stock, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 74,250 shares of company stock valued at $18,844,155. 3.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CRM shares. Roth Capital reiterated a "buy" rating and issued a $395.00 target price on shares of Salesforce in a research report on Thursday, September 4th. Oppenheimer reduced their target price on shares of Salesforce from $370.00 to $315.00 and set an "outperform" rating for the company in a research report on Tuesday, August 26th. Sanford C. Bernstein reduced their target price on shares of Salesforce from $255.00 to $221.00 and set an "underperform" rating for the company in a research report on Thursday, September 4th. Erste Group Bank cut shares of Salesforce from a "buy" rating to a "hold" rating in a research report on Thursday, June 5th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $325.00 target price on shares of Salesforce in a research report on Thursday, September 4th. One equities research 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 given a Sell rating to the stock. According to MarketBeat, Salesforce currently has an average rating of "Moderate Buy" and an average target price of $332.58.

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.