NBH Bank Purchases New Holdings in Salesforce Inc. $CRM

Key Points

• NBH Bank acquired 2,872 Salesforce shares during the second quarter, valued at approximately $450,000. Institutional investors and hedge funds collectively own 80.43% of CRM stock.
• Salesforce reported quarterly earnings of $5.90 per share, exceeding analysts’ $3.27 estimate, while revenue rose 10.8% year over year to $11.35 billion.
• Salesforce declared a quarterly dividend of $0.44 per share, equivalent to a $1.76 annualized payout and a 0.7% yield. Analysts maintain a “Moderate Buy” consensus rating with a $266.50 target price.

NBH Bank acquired a new position in Salesforce Inc. (NYSE:CRM - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,872 shares of the CRM provider's stock, valued at approximately $450,000.

Other large investors also recently added to or reduced their stakes in the company. Fred Alger Management LLC boosted its position in shares of Salesforce by 0.3% in the third quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider's stock worth $3,548,000 after buying an additional 45 shares during the period. Synergy Financial Group LTD grew its holdings in shares of Salesforce by 2.4% during the third quarter. Synergy Financial Group LTD now owns 2,035 shares of the CRM provider's stock valued at $482,000 after buying an additional 48 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its position in Salesforce by 35.4% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 199 shares of the CRM provider's stock valued at $53,000 after buying an additional 52 shares during the period. Krane Funds Advisors LLC raised its position in Salesforce by 0.7% during the fourth quarter. Krane Funds Advisors LLC now owns 8,254 shares of the CRM provider's stock valued at $2,187,000 after buying an additional 57 shares during the period. Finally, HBW Advisory Services LLC lifted its stake in Salesforce by 0.4% in the 1st quarter. HBW Advisory Services LLC now owns 13,098 shares of the CRM provider's stock worth $2,445,000 after acquiring an additional 57 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Down 1.9%

CRM opened at $259.39 on Friday. The company has a market capitalization of $213.48 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 1.20 and a beta of 1.20. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The business has a 50-day moving average of $191.88 and a 200-day moving average of $185.00.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, beating the consensus estimate of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The business had revenue of $11.35 billion during the quarter, compared to analysts' expectations of $11.33 billion. During the same quarter in the previous year, the business posted $2.91 EPS. The firm's quarterly revenue was up 10.8% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Equities research analysts forecast that Salesforce Inc. will post 12.65 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, September 17th. Salesforce's payout ratio is currently 16.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Roth Capital restated a "buy" rating and set a $325.00 price objective on shares of Salesforce in a research report on Thursday, May 28th. Piper Sandler lowered shares of Salesforce from an "overweight" rating to a "neutral" rating in a research report on Thursday, May 28th. Evercore reissued an "outperform" rating on shares of Salesforce in a research report on Thursday, August 27th. BMO Capital Markets boosted their price objective on shares of Salesforce from $230.00 to $260.00 and gave the company an "outperform" rating in a research report on Thursday, August 27th. Finally, Wedbush assumed coverage on shares of Salesforce in a research note on Wednesday, July 1st. They issued an "outperform" rating on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $266.50.

Insider Activity at Salesforce

In other news, Director Craig Conway sold 4,500 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the transaction, the director owned 5,437 shares in the company, valued at $1,416,936.57. This represents a 45.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is currently owned by company insiders.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: AI growth is becoming material: Agentforce and Data 360 annual recurring revenue reached nearly $3.9 billion, up more than 210% year over year. Agentforce ARR exceeded $1.5 billion and grew more than 240%, supporting the view that Salesforce is successfully monetizing artificial intelligence. Salesforce Grew Agentforce and Data 360 ARR More Than 200%
• Positive Sentiment: Analyst support remains strong: Cantor Fitzgerald raised its Salesforce price target to $300, while BTIG reaffirmed its “Buy” rating and said it is increasingly confident in improving business trends. Cantor Fitzgerald Raises Salesforce Price Target
• Positive Sentiment: Shareholder returns: Salesforce declared a quarterly cash dividend of $0.44 per share, payable October 8 to shareholders of record September 17. The dividend provides a modest income component and signals continued confidence in cash generation. Salesforce Announces Quarterly Dividend

Salesforce Company Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.

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