Souders Financial Advisors Cuts Position in Salesforce Inc. $CRM

Key Points

• Souders Financial Advisors has reduced its position in Salesforce Inc. by 47.1% during the second quarter, owning a total of 3,655 shares valued at approximately $997,000.
• Salesforce stock opened at $252.82 and reported a quarterly earnings per share (EPS) of $2.91, exceeding analyst expectations of $2.78.
• The company has recently declared a quarterly dividend of $0.416 per share, resulting in a 0.7% dividend yield for shareholders.

Souders Financial Advisors decreased its position in Salesforce Inc. (NYSE:CRM - Free Report) by 47.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,655 shares of the CRM provider's stock after selling 3,258 shares during the period. Souders Financial Advisors' holdings in Salesforce were worth $997,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Spurstone Advisory Services LLC purchased a new position in Salesforce in the second quarter valued at approximately $34,000. Achmea Investment Management B.V. lifted its stake in Salesforce by 9.2% in the second quarter. Achmea Investment Management B.V. now owns 148,254 shares of the CRM provider's stock valued at $40,427,000 after purchasing an additional 12,544 shares during the last quarter. Sienna Gestion lifted its stake in Salesforce by 10.6% in the second quarter. Sienna Gestion now owns 48,728 shares of the CRM provider's stock valued at $12,131,000 after purchasing an additional 4,653 shares during the last quarter. Andra AP fonden lifted its stake in Salesforce by 34.4% in the second quarter. Andra AP fonden now owns 174,145 shares of the CRM provider's stock valued at $47,488,000 after purchasing an additional 44,600 shares during the last quarter. Finally, Ethos Financial Group LLC lifted its stake in Salesforce by 173.3% in the second quarter. Ethos Financial Group LLC now owns 1,932 shares of the CRM provider's stock valued at $527,000 after purchasing an additional 1,225 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company's stock.

Salesforce Trading Down 0.6%

Salesforce stock opened at $252.82 on Thursday. The stock has a market cap of $240.68 billion, a P/E ratio of 36.75, a PEG ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The firm's fifty day moving average price is $248.05 and its 200-day moving average price is $258.26. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12.

Salesforce (NYSE:CRM - Get Free Report) last released its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. Equities research analysts forecast 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 was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were given a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce's dividend payout ratio is presently 24.13%.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 122 shares of the company's stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $259.00, for a total transaction of $31,598.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,085,096,889. This represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 76,622 shares of company stock worth $18,858,631 in the last ninety days. Corporate insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CRM shares. Wedbush reiterated an "outperform" rating and issued a $375.00 price objective on shares of Salesforce in a research note on Thursday, October 16th. Canaccord Genuity Group dropped their price objective on Salesforce from $350.00 to $300.00 and set a "buy" rating on the stock in a research note on Thursday, September 4th. Northland Securities downgraded Salesforce from an "outperform" rating to a "market perform" rating and set a $264.00 price objective on the stock. in a research note on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft dropped their target price on Salesforce from $400.00 to $340.00 and set a "buy" rating on the stock in a research report on Thursday, September 4th. Finally, Royal Bank Of Canada dropped their target price on Salesforce from $275.00 to $250.00 and set a "sector perform" rating on the stock in a research report on Thursday, September 4th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $325.23.

Salesforce Profile

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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