KADENSA CAPITAL Ltd Has $25.52 Million Stock Position in Salesforce Inc. $CRM

Key Points

• KADENSA CAPITAL Ltd has increased its position in Salesforce Inc. by 5.6%, making Salesforce its 5th largest investment worth approximately $25.5 million.
• Salesforce reported $2.91 EPS for the last quarter, exceeding analysts' expectations, with revenues of $10.24 billion, reflecting a 9.8% year-over-year increase.
• The company has declared a quarterly dividend of $0.416 per share, set to be paid on October 9th, with an annualized yield of 0.7%.

KADENSA CAPITAL Ltd raised its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,104 shares of the CRM provider's stock after purchasing an additional 5,024 shares during the period. Salesforce accounts for 3.2% of KADENSA CAPITAL Ltd's holdings, making the stock its 5th biggest holding. KADENSA CAPITAL Ltd's holdings in Salesforce were worth $25,522,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bernard Wealth Management Corp. bought a new position in Salesforce in the 4th quarter worth approximately $25,000. Wood Tarver Financial Group LLC bought a new position in Salesforce in the 4th quarter worth approximately $35,000. Capital A Wealth Management LLC boosted its holdings in Salesforce by 450.0% in the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after buying an additional 90 shares during the period. CBIZ Investment Advisory Services LLC lifted its stake in Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after purchasing an additional 85 shares in the last quarter. Finally, Abound Financial LLC bought a new position in shares of Salesforce during the 1st quarter valued at $31,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total value of $578,295.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $3,061,511,978.42. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold 66,077 shares of company stock valued at $16,885,773 in the last ninety days. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on CRM shares. Erste Group Bank cut shares of Salesforce from a "buy" rating to a "hold" rating in a report on Thursday, June 5th. Northland Securities dropped their price target on shares of Salesforce from $423.00 to $396.00 and set an "outperform" rating on the stock in a research report on Thursday, May 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Salesforce from $400.00 to $340.00 and set a "buy" rating for the company in a report on Thursday. Canaccord Genuity Group cut their price objective on shares of Salesforce from $350.00 to $300.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Mizuho cut their price objective on shares of Salesforce from $425.00 to $380.00 and set an "outperform" rating on the stock in a report on Thursday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce has an average rating of "Moderate Buy" and an average price target of $333.11.

Salesforce Stock Performance

Shares of CRM traded up $1.07 during mid-day trading on Monday, hitting $251.83. The company's stock had a trading volume of 10,824,103 shares, compared to its average volume of 7,490,940. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market capitalization of $239.74 billion, a PE ratio of 36.60, a price-to-earnings-growth ratio of 2.29 and a beta of 1.22. The stock's 50-day moving average is $255.64 and its two-hundred day moving average is $266.32.

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, beating analysts' consensus estimates 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 return on equity of 13.27% and a net margin of 16.87%.The firm's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company 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. As a group, sell-side analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be given a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce's dividend payout ratio is currently 24.13%.

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.