Salesforce Inc. $CRM Shares Acquired by Riverview Capital Advisers LLC

Key Points

• Riverview Capital Advisers increased its Salesforce stake by 22.3% in the second quarter to 51,438 shares valued at approximately $8.06 million. Institutional investors and hedge funds collectively own 80.43% of Salesforce.
• Salesforce reported quarterly EPS of $5.90, well above the $3.27 analyst consensus, while revenue rose 10.8% year over year to $11.35 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $266.50.
• The company declared a quarterly dividend of $0.44 per share, equivalent to $1.76 annually and a 0.7% yield, payable October 8 to shareholders of record September 17.

Riverview Capital Advisers LLC lifted its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 22.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,438 shares of the CRM provider's stock after buying an additional 9,371 shares during the period. Salesforce makes up 2.3% of Riverview Capital Advisers LLC's investment portfolio, making the stock its 13th largest holding. Riverview Capital Advisers LLC's holdings in Salesforce were worth $8,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commonwealth Retirement Investments LLC acquired a new position in Salesforce in the fourth quarter valued at $25,000. Gilpin Wealth Management LLC acquired a new stake in shares of Salesforce during the fourth quarter worth about $26,000. Birchwood Financial Partners Inc. acquired a new stake in shares of Salesforce during the fourth quarter worth about $28,000. Swiss RE Ltd. purchased a new stake in shares of Salesforce in the 4th quarter valued at about $28,000. Finally, Dogwood Wealth Management LLC boosted its position in shares of Salesforce by 285.7% in the 4th quarter. Dogwood Wealth Management LLC now owns 108 shares of the CRM provider's stock valued at $29,000 after purchasing an additional 80 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Stock Down 1.9%

Salesforce stock opened at $259.39 on Friday. The stock has a 50 day moving average of $191.88 and a two-hundred day moving average of $185.00. Salesforce Inc. has a twelve month low of $146.32 and a twelve month high of $269.11. The stock has a market capitalization of $213.48 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 1.20 and a beta of 1.20. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02.

Salesforce (NYSE:CRM - Get Free Report) last released its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $11.33 billion. During the same quarter in the previous year, the company posted $2.91 earnings per share. The company's revenue for the quarter 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. As a group, research analysts expect that Salesforce Inc. will post 12.65 earnings per share for the current year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a yield of 0.7%. Salesforce's dividend payout ratio is presently 16.04%.

Wall Street Analyst Weigh In

CRM has been the subject of a number of research reports. Monness Crespi & Hardt boosted their price objective on Salesforce from $222.00 to $266.00 and gave the company a "buy" rating in a research note on Thursday, August 27th. Roth Capital restated a "buy" rating and set a $325.00 target price on shares of Salesforce in a research report on Thursday, May 28th. Royal Bank Of Canada lifted their target price on shares of Salesforce from $210.00 to $250.00 and gave the company a "sector perform" rating in a report on Thursday, August 27th. Scotiabank downgraded shares of Salesforce from a "sector outperform" rating to a "sector perform" rating in a research report on Thursday, June 18th. Finally, Citizens Jmp reiterated a "market outperform" rating and set a $315.00 price target on shares of Salesforce in a research note on Tuesday, August 25th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Salesforce presently has a consensus rating of "Moderate Buy" and an average target price of $266.50.

Insider Buying and Selling

In other news, Director Craig Conway sold 4,500 shares of the firm's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $260.61, for a total value of $1,172,745.00. Following the completion of the sale, the director owned 5,437 shares in the company, valued at approximately $1,416,936.57. This trade represents a 45.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.50% of the company's stock.

Salesforce News Summary

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

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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