Salesforce Inc. $CRM Shares Purchased by IFP Advisors Inc

Key Points

• IFP Advisors increased its Salesforce stake by 9.8% in the second quarter, purchasing 3,084 additional shares for a total holding worth approximately $5.42 million. Institutional investors and hedge funds own 80.43% of the company.
• Salesforce reported a strong quarter, with earnings of $5.90 per share and revenue of $11.35 billion, while revenue grew 10.8% year over year. The company also declared a quarterly dividend of $0.44 per share, representing a 0.7% annualized yield.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $266.50, but valuation and profit-taking risks remain after the stock’s recent rally.

IFP Advisors Inc increased its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 9.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,622 shares of the CRM provider's stock after buying an additional 3,084 shares during the quarter. IFP Advisors Inc's holdings in Salesforce were worth $5,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Commonwealth Retirement Investments LLC acquired a new stake in Salesforce in the 4th quarter worth approximately $25,000. Gilpin Wealth Management LLC acquired a new position in Salesforce during the 4th quarter valued at approximately $26,000. Birchwood Financial Partners Inc. acquired a new position in Salesforce during the 4th quarter valued at approximately $28,000. Swiss RE Ltd. purchased a new position in shares of Salesforce in the fourth quarter worth $28,000. Finally, Texas Capital Bancshares Inc TX purchased a new position in shares of Salesforce in the third quarter worth $28,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Performance

Shares of CRM stock opened at $244.19 on Thursday. Salesforce Inc. has a 52-week low of $146.32 and a 52-week high of $269.11. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The stock has a market cap of $200.97 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 1.15 and a beta of 1.20. The business has a 50-day simple moving average of $197.36 and a 200-day simple moving average of $186.34.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share 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 company had revenue of $11.35 billion during the quarter, compared to analysts' expectations of $11.33 billion. During the same period last year, the business earned $2.91 earnings per share. Salesforce's quarterly revenue was up 10.8% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. On average, equities analysts expect that Salesforce Inc. will post 12.65 EPS for the current year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend 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 16.04%.

Insider Buying and Selling

In other Salesforce news, Director Craig Conway sold 4,500 shares of Salesforce 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 transaction, the director owned 5,437 shares of the company's stock, valued at approximately $1,416,936.57. The trade was a 45.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.50% of the company's stock.

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Agentforce momentum is improving. Agentforce annual recurring revenue reportedly surpassed $1.5 billion, signaling increasing customer adoption of Salesforce’s AI agents. However, the business remains relatively small compared with Salesforce’s overall revenue base, suggesting a gradual rather than explosive effect on growth. Agentforce ARR Hits $1.5B: Can It Boost Salesforce's Revenue Growth?
• Positive Sentiment: Analysts continue to identify long-term growth potential. Coverage points to stabilizing growth, rising AI monetization and a valuation that remains below some major enterprise-software peers. Salesforce’s recent earnings beat, including quarterly revenue of $11.35 billion and earnings of $5.90 per share, also supports the bullish case. Why Salesforce Is a Top Growth Stock for the Long Term
• Neutral Sentiment: Investors are awaiting next week’s Dreamforce and Investor Day events. Management could provide additional details on Agentforce adoption, AI monetization and future growth targets, potentially clarifying whether the recent rally can continue. Salesforce Is Nearly Fully Priced: Why Bulls Say This Is Just the Beginning
• Negative Sentiment: Salesforce is reportedly in preliminary talks to acquire Listen Labs for approximately $2 billion. The AI customer-research platform was last valued at about $500 million, raising concerns about the purchase price, integration risk and whether the acquisition will generate sufficient returns. The uncertainty appears to be weighing on CRM. Salesforce Has Held Talks to Buy Listen Labs
• Negative Sentiment: Valuation and profit-taking remain risks. After a sharp recent rally, some commentary describes the stock as close to fully priced, leaving less room for disappointment if AI revenue growth does not accelerate rapidly. Salesforce Stock Gains 34% in a Month

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Canaccord Genuity Group reissued a "buy" rating and set a $225.00 price objective on shares of Salesforce in a report on Tuesday, August 25th. Barclays lifted their price target on Salesforce from $236.00 to $276.00 and gave the stock an "overweight" rating in a research report on Thursday, August 27th. Citizens Jmp reissued a "market outperform" rating and issued a $315.00 price objective on shares of Salesforce in a report on Tuesday, August 25th. Scotiabank cut Salesforce from a "sector outperform" rating to a "sector perform" rating in a research note on Thursday, June 18th. Finally, Jefferies Financial Group lifted their target price on Salesforce from $250.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday, August 27th. Three equities research 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $266.50.

About Salesforce

Salesforce, Inc is a cloud-based software company that provides customer relationship management (CRM) technology and related enterprise applications. Its platform helps organizations manage sales, customer service, marketing, commerce, data analytics and business operations through subscription-based software and cloud services.

The company's product portfolio includes Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Data Cloud and the Salesforce Platform. Salesforce also offers Slack for workplace collaboration, Tableau for data visualization and analytics, MuleSoft for application integration, and artificial intelligence capabilities, including its Agentforce platform for building and deploying AI agents.

Founded in 1999, Salesforce is headquartered in San Francisco, California, and serves businesses and organizations across a broad range of industries and geographic markets worldwide.

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