1,368 Shares in Salesforce Inc. $CRM Acquired by Ransom Advisory Ltd

Key Points

• Ransom Advisory Ltd has made a new investment of $367,000 in Salesforce Inc., acquiring 1,368 shares during the first quarter.
• Salesforce's recent quarterly earnings report highlighted an EPS of $2.91, exceeding estimates, and a revenue of $10.24 billion, which was up 9.8% year-over-year.
• The company also declared a quarterly dividend of $0.416 per share, with an annual yield of 0.7%. The ex-dividend date is set for September 17th.

Ransom Advisory Ltd bought a new stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 1,368 shares of the CRM provider's stock, valued at approximately $367,000.

Other hedge funds have also modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Salesforce by 6.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider's stock valued at $2,484,616,000 after buying an additional 600,386 shares during the period. AIA Group Ltd boosted its stake in shares of Salesforce by 8.0% during the 1st quarter. AIA Group Ltd now owns 32,885 shares of the CRM provider's stock valued at $8,825,000 after buying an additional 2,436 shares during the last quarter. Notis McConarty Edward boosted its stake in shares of Salesforce by 71.6% during the 1st quarter. Notis McConarty Edward now owns 3,844 shares of the CRM provider's stock valued at $1,032,000 after buying an additional 1,604 shares during the last quarter. Aberdeen Group plc boosted its stake in shares of Salesforce by 1.5% during the 1st quarter. Aberdeen Group plc now owns 1,036,482 shares of the CRM provider's stock valued at $274,802,000 after buying an additional 15,782 shares during the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. boosted its stake in shares of Salesforce by 43.0% during the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 104,834 shares of the CRM provider's stock valued at $28,133,000 after buying an additional 31,537 shares during the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Salesforce

In other Salesforce news, Director David Blair Kirk acquired 3,400 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average cost of $254.66 per share, with a total value of $865,844.00. Following the acquisition, the director directly owned 3,824 shares of the company's stock, valued at $973,819.84. This represents a 801.89% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $246.66, for a total value of $554,985.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $2,938,108,102.86. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 70,577 shares of company stock worth $18,005,778. Company insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Cantor Fitzgerald reiterated an "overweight" rating and set a $325.00 target price on shares of Salesforce in a research note on Thursday, September 4th. KeyCorp lowered their price target on Salesforce from $440.00 to $400.00 and set an "overweight" rating for the company in a report on Thursday, September 4th. UBS Group lowered their price target on Salesforce from $300.00 to $260.00 and set a "neutral" rating for the company in a report on Monday, August 18th. Robert W. Baird lowered their price target on Salesforce from $365.00 to $325.00 and set an "outperform" rating for the company in a report on Thursday, September 4th. Finally, Bank of America lowered their price target on Salesforce from $350.00 to $325.00 and set a "buy" rating for the company in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $332.58.

Salesforce Stock Performance

Shares of NYSE CRM traded up $3.69 during mid-day trading on Thursday, hitting $246.26. The company had a trading volume of 6,940,645 shares, compared to its average volume of 10,011,086. The stock has a market cap of $234.44 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 2.21 and a beta of 1.22. Salesforce Inc. has a 12 month low of $226.48 and a 12 month 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 50 day simple moving average is $253.79 and its two-hundred day simple moving average is $265.23.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, equities research analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

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

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.