Salesforce Inc. $CRM Stake Lessened by Northeast Financial Consultants Inc

Key Points

• Northeast Financial Consultants Inc reduced its stake in Salesforce Inc. by 13.7% in the first quarter, selling 2,223 shares and maintaining holdings worth approximately $3.75 million.
• Salesforce's recent quarterly earnings reported an EPS of $2.91, surpassing analysts' expectations, and revenue was up 9.8% year-over-year.
• The company will pay a quarterly dividend of $0.416 on October 9th, with a current dividend yield of 0.7% and a payout ratio of 24.13%.

Northeast Financial Consultants Inc lowered its holdings in Salesforce Inc. (NYSE:CRM - Free Report) by 13.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,980 shares of the CRM provider's stock after selling 2,223 shares during the period. Northeast Financial Consultants Inc's holdings in Salesforce were worth $3,752,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Salesforce by 1.6% during the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider's stock worth $23,592,501,000 after acquiring an additional 1,383,942 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Salesforce by 5.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider's stock worth $2,419,037,000 after purchasing an additional 437,435 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Salesforce by 7.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,658,132 shares of the CRM provider's stock worth $2,894,673,000 after purchasing an additional 602,445 shares during the last quarter. Nuveen Asset Management LLC increased its position in Salesforce by 1.3% in the 4th quarter. Nuveen Asset Management LLC now owns 8,598,989 shares of the CRM provider's stock worth $2,874,900,000 after purchasing an additional 114,278 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Salesforce in the 1st quarter worth about $2,039,196,000. Hedge funds and other institutional investors own 80.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JMP Securities reaffirmed a "market outperform" rating and issued a $430.00 target price on shares of Salesforce in a research report on Tuesday, September 2nd. Roth Capital reaffirmed a "buy" rating and issued a $395.00 target price on shares of Salesforce in a research report on Thursday. Westpark Capital reaffirmed a "buy" rating and issued a $320.00 target price on shares of Salesforce in a research report on Wednesday, May 28th. DA Davidson raised Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 target price on the stock in a research report on Friday, August 15th. Finally, Northland Securities cut their target price on Salesforce from $423.00 to $396.00 and set an "outperform" rating on the stock in a report on Thursday, May 29th. One equities research 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 issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $333.11.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $241.50, for a total value of $543,375.00. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $2,876,644,396.50. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 66,077 shares of company stock valued at $16,885,773 over the last 90 days. Company insiders own 3.00% of the company's stock.

Salesforce Price Performance

NYSE CRM opened at $251.83 on Tuesday. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The stock's 50-day moving average is $255.22 and its two-hundred day moving average is $265.91. 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 has a market cap of $239.74 billion, a P/E ratio of 36.60, a price-to-earnings-growth ratio of 2.29 and a beta of 1.22.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. The company 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 firm's revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business 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. On average, analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

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

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