Louisbourg Investments Inc. Acquires 2,800 Shares of Salesforce Inc. $CRM

Key Points

• Louisbourg Investments Inc. increased its stake in Salesforce Inc. by acquiring an additional 2,800 shares, bringing its total holdings to 29,157 shares, which are now valued at approximately $7.95 million.
• Salesforce's quarterly earnings report revealed an EPS of $2.91, exceeding analyst estimates, alongside a revenue of $10.24 billion which is a 9.8% increase year-over-year.
• The company declared a quarterly dividend of $0.416 per share, which reflects an annualized dividend yield of 0.7% and a payout ratio of 24.13%.

Louisbourg Investments Inc. boosted its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 10.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,157 shares of the CRM provider's stock after acquiring an additional 2,800 shares during the quarter. Salesforce makes up approximately 1.7% of Louisbourg Investments Inc.'s portfolio, making the stock its 13th largest holding. Louisbourg Investments Inc.'s holdings in Salesforce were worth $7,951,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its position in shares of Salesforce by 13.7% in the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock valued at $8,582,000 after purchasing an additional 3,102 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock valued at $611,000 after purchasing an additional 205 shares during the period. Bison Wealth LLC raised its position in shares of Salesforce by 9.0% in the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock valued at $747,000 after purchasing an additional 184 shares during the period. GAMMA Investing LLC raised its position in shares of Salesforce by 13.9% in the first quarter. GAMMA Investing LLC now owns 14,166 shares of the CRM provider's stock valued at $3,802,000 after purchasing an additional 1,725 shares during the period. Finally, Simon Quick Advisors LLC raised its position in shares of Salesforce by 16.9% in the first quarter. Simon Quick Advisors LLC now owns 4,941 shares of the CRM provider's stock valued at $1,326,000 after purchasing an additional 715 shares during the period. Institutional investors own 80.43% of the company's stock.

Salesforce Stock Down 1.3%

CRM opened at $242.11 on Friday. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The firm's fifty day moving average price is $244.68 and its two-hundred day moving average price is $258.93. The company has a market capitalization of $230.49 billion, a P/E ratio of 35.19, a P/E/G ratio of 2.12 and a beta of 1.19.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $10.24 billion during the quarter, compared to analysts' expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business's revenue was up 9.8% on a year-over-year basis. During the same period last year, the business 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. On average, analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were issued 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 0.7%. Salesforce's dividend payout ratio (DPR) is presently 24.13%.

Insiders Place Their Bets

In related news, Director David Blair Kirk acquired 3,400 shares of the business's stock in a transaction on Tuesday, September 9th. The stock was bought at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $248.40, for a total value of $558,900.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $2,958,834,236.40. The trade was a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,750 shares of company stock valued at $19,634,805. Company insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CRM shares. DA Davidson raised shares of Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 price target on the stock in a research report on Friday, August 15th. Macquarie restated a "neutral" rating and issued a $290.00 price objective on shares of Salesforce in a research note on Thursday, September 4th. Roth Capital restated a "buy" rating and issued a $395.00 price objective on shares of Salesforce in a research note on Thursday, September 4th. Piper Sandler lowered their price objective on shares of Salesforce from $335.00 to $315.00 and set an "overweight" rating on the stock in a research note on Thursday, September 4th. Finally, Robert W. Baird lowered their price objective on shares of Salesforce from $365.00 to $325.00 and set an "outperform" rating on the stock in a research note on Thursday, September 4th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Salesforce currently has an average rating of "Moderate Buy" and a consensus target price of $331.89.

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.

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