Sei Investments Co. Acquires 159,665 Shares of Salesforce Inc. $CRM

Sei Investments Co. lifted its holdings in shares of Salesforce Inc. (NYSE:CRM) by 37.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 588,603 shares of the CRM provider’s stock after acquiring an additional 159,665 shares during the quarter. Sei Investments Co. owned 0.06% of Salesforce worth $160,512,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CRM. Painted Porch Advisors LLC raised its stake in shares of Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 65 shares during the period. CBIZ Investment Advisory Services LLC grew its position in Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after buying an additional 85 shares during the period. Christopher J. Hasenberg Inc increased its holdings in Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after buying an additional 92 shares during the last quarter. Maseco LLP bought a new stake in Salesforce in the second quarter worth about $34,000. Finally, Spurstone Advisory Services LLC purchased a new position in Salesforce in the second quarter valued at about $34,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insiders Place Their Bets

In other news, insider Parker Harris sold 134,662 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the completion of the transaction, the insider owned 139,767 shares of the company’s stock, valued at approximately $32,803,314.90. The trade was a 49.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director G Mason Morfit purchased 96,000 shares of the business’s stock in a transaction on Friday, December 5th. The stock was bought at an average cost of $260.58 per share, with a total value of $25,015,680.00. Following the purchase, the director owned 2,994,509 shares in the company, valued at approximately $780,309,155.22. This represents a 3.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 179,784 shares of company stock worth $42,742,994 in the last three months. 3.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Morgan Stanley decreased their price target on shares of Salesforce from $405.00 to $398.00 and set an “overweight” rating for the company in a research note on Tuesday. Barclays increased their price objective on Salesforce from $316.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Roth Capital restated a “buy” rating and issued a $395.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Citigroup downgraded Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Salesforce in a report on Thursday, December 4th. Twenty-eight equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $326.46.

Salesforce Stock Performance

Shares of CRM opened at $264.02 on Thursday. Salesforce Inc. has a 52-week low of $221.96 and a 52-week high of $367.09. The stock’s 50-day simple moving average is $244.59 and its 200 day simple moving average is $252.26. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $247.39 billion, a price-to-earnings ratio of 35.25, a price-to-earnings-growth ratio of 1.95 and a beta of 1.25.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.39. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The business had revenue of $10.26 billion during the quarter, compared to analyst estimates of $10.27 billion. During the same quarter in the previous year, the firm earned $2.41 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 18th will be issued a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, December 18th. Salesforce’s dividend payout ratio is 22.16%.

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.