RNC Capital Management LLC Has $2.93 Million Stock Holdings in Salesforce Inc. $CRM

Key Points

• RNC Capital Management LLC reduced its Salesforce stake by 42.0% in Q4, selling 8,017 shares and now holding 11,074 shares valued at $2.93 million.
• Salesforce beat Q4 estimates with EPS of $3.81 (vs. $3.05 expected) and revenue of $11.20 billion (up 12.1% YoY), and provided FY2027 EPS guidance of 13.11–13.19.
• The board approved a $25 billion stock buyback (up to 14.1% of shares) and raised the quarterly dividend to $0.44 ($1.76 annualized), signaling stronger shareholder returns.

RNC Capital Management LLC reduced its position in Salesforce Inc. (NYSE:CRM - Free Report) by 42.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,074 shares of the CRM provider's stock after selling 8,017 shares during the period. RNC Capital Management LLC's holdings in Salesforce were worth $2,934,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Aspire Growth Partners LLC raised its holdings in Salesforce by 1.2% in the 3rd quarter. Aspire Growth Partners LLC now owns 3,355 shares of the CRM provider's stock valued at $795,000 after acquiring an additional 39 shares in the last quarter. Byrne Asset Management LLC lifted its position in shares of Salesforce by 1.0% during the 4th quarter. Byrne Asset Management LLC now owns 4,331 shares of the CRM provider's stock valued at $1,147,000 after acquiring an additional 43 shares during the period. Code Waechter LLC grew its holdings in shares of Salesforce by 5.3% during the 3rd quarter. Code Waechter LLC now owns 871 shares of the CRM provider's stock worth $209,000 after purchasing an additional 44 shares in the last quarter. Mathes Company Inc. increased its position in shares of Salesforce by 0.4% in the third quarter. Mathes Company Inc. now owns 12,558 shares of the CRM provider's stock worth $2,976,000 after purchasing an additional 45 shares during the period. Finally, Fred Alger Management LLC increased 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 purchasing an additional 45 shares during the period. Institutional investors own 80.43% of the company's stock.

Insiders Place Their Bets

In other news, Director Laura Alber acquired 2,571 shares of the business's stock in a transaction that occurred on Thursday, March 19th. The shares were bought at an average price of $194.58 per share, with a total value of $500,265.18. Following the acquisition, the director directly owned 9,530 shares in the company, valued at $1,854,347.40. The trade was a 36.94% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David Blair Kirk acquired 2,570 shares of Salesforce stock in a transaction that occurred on Wednesday, March 18th. The shares were purchased at an average price of $194.62 per share, for a total transaction of $500,173.40. Following the transaction, the director directly owned 13,689 shares in the company, valued at $2,664,153.18. The trade was a 23.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.00% of the stock is currently owned by corporate insiders.

Salesforce Stock Up 0.9%

CRM stock opened at $185.52 on Tuesday. The stock has a market capitalization of $151.80 billion, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 1.28 and a beta of 1.14. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. Salesforce Inc. has a 12 month low of $163.52 and a 12 month high of $296.05. The firm has a 50-day moving average price of $186.67 and a 200-day moving average price of $220.11.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The CRM provider reported $3.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.05 by $0.76. The company had revenue of $11.20 billion for the quarter, compared to analyst estimates of $11.18 billion. Salesforce had a net margin of 17.96% and a return on equity of 15.38%. The firm's revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.78 EPS. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. As a group, equities research analysts anticipate that Salesforce Inc. will post 9.71 EPS for the current fiscal year.

Salesforce announced that its board has approved a stock repurchase program on Monday, March 16th that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the CRM provider to purchase up to 14.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Salesforce Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Thursday, April 9th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. This is a boost from Salesforce's previous quarterly dividend of $0.42. The ex-dividend date was Thursday, April 9th. Salesforce's dividend payout ratio (DPR) is currently 22.54%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus cut their price objective on shares of Salesforce from $300.00 to $250.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. Morgan Stanley decreased their target price on shares of Salesforce from $398.00 to $287.00 and set an "overweight" rating on the stock in a report on Monday, February 23rd. Wedbush restated an "outperform" rating and issued a $375.00 target price on shares of Salesforce in a research report on Tuesday, February 24th. Sanford C. Bernstein cut their price target on shares of Salesforce from $223.00 to $194.00 and set an "underperform" rating for the company in a report on Thursday, February 26th. Finally, KeyCorp reduced their price target on shares of Salesforce from $400.00 to $300.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Salesforce currently has a consensus rating of "Moderate Buy" and an average target price of $279.18.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Company strategy shift — Salesforce is explicitly reorienting around an "AI Agentic Enterprise" model, reorganizing products around agent platforms and raising its long‑term revenue ambitions tied to AI, a move investors see as a clear growth thesis. Salesforce Reorients Around AI Agents As Valuation Signals Upside Potential
• Positive Sentiment: Partner-driven product expansion — Salesforce and Google Cloud unveiled AI-powered workflow integrations that deepen native cloud and analytics choices for customers, improving go-to-market leverage and enterprise stickiness. Salesforce and Google Cloud unveil AI-powered workflow integrations
• Positive Sentiment: Third‑party model integration — Salesforce is deepening ChatGPT integrations for CRM workflows, which should accelerate developer adoption and customer automation use cases. That helps monetize AI features across install bases. Salesforce deepens AI integration with ChatGPT for CRM workflows
• Positive Sentiment: Analyst/market narrative turning constructive — multiple outlets are reframing CRM as a top long‑term growth stock and highlighting valuation upside after the pullback, supporting momentum into the AI story. Why Salesforce (CRM) is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Competitive dynamics — reporting highlights an escalating AI‑agent rivalry with Microsoft in CRM; healthy competition validates the market but raises execution stakes and potential margin/price pressure. Salesforce and Microsoft escalate AI agent rivalry in CRM
• Neutral Sentiment: Macro/industry context — commentary contrasting AI hardware winners (e.g., NVIDIA) with software plays underscores that the real AI economics for enterprise software firms like Salesforce are longer‑duration and more service-driven. While NVDA Dominates Headlines, Here's Where the Real AI Economics Are Hiding
• Negative Sentiment: Price/technical risk — the stock has experienced a substantial YTD and 12‑month decline, and some writeups frame the current level as a recovery opportunity rather than a clear turnaround; that lingering downside and higher long‑term moving averages are a caution for momentum traders. Is Salesforce (CRM) Now An Opportunity After A 27.5% Year To Date Share Price Slide?

About Salesforce

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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