Hamilton Point Investment Advisors LLC Buys Shares of 33,390 Salesforce Inc. $CRM

Hamilton Point Investment Advisors LLC acquired a new position in Salesforce Inc. (NYSE:CRM) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 33,390 shares of the CRM provider’s stock, valued at approximately $7,927,000. Salesforce comprises about 1.2% of Hamilton Point Investment Advisors LLC’s holdings, making the stock its 22nd largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Avantax Advisory Services Inc. raised its position in Salesforce by 4.0% in the 2nd quarter. Avantax Advisory Services Inc. now owns 87,331 shares of the CRM provider’s stock valued at $23,814,000 after purchasing an additional 3,387 shares during the last quarter. Grant Private Wealth Management Inc acquired a new stake in shares of Salesforce in the third quarter valued at $1,458,000. Advyzon Investment Management LLC raised its holdings in shares of Salesforce by 57.4% in the second quarter. Advyzon Investment Management LLC now owns 1,884 shares of the CRM provider’s stock valued at $514,000 after buying an additional 687 shares during the last quarter. Atalanta Sosnoff Capital LLC lifted its position in Salesforce by 8.5% during the 2nd quarter. Atalanta Sosnoff Capital LLC now owns 206,614 shares of the CRM provider’s stock worth $56,342,000 after buying an additional 16,176 shares in the last quarter. Finally, Country Club Bank grew its holdings in Salesforce by 337.8% during the 3rd quarter. Country Club Bank now owns 20,632 shares of the CRM provider’s stock worth $5,057,000 after acquiring an additional 15,919 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Insiders Place Their Bets

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $252.04, for a total value of $567,090.00. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $3,002,192,354.84. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director G Mason Morfit acquired 96,000 shares of Salesforce stock in a transaction dated Friday, December 5th. The shares were purchased at an average cost of $260.58 per share, with a total value of $25,015,680.00. Following the completion of the transaction, the director directly owned 2,994,509 shares of the company’s stock, valued at $780,309,155.22. This trade represents a 3.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders sold 161,784 shares of company stock worth $38,357,182. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Macquarie raised their price target on shares of Salesforce from $250.00 to $265.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Evercore ISI lowered their target price on Salesforce from $360.00 to $340.00 and set an “outperform” rating for the company in a research note on Thursday, December 4th. Cowen restated a “buy” rating on shares of Salesforce in a research report on Thursday, December 4th. Barclays raised their price target on Salesforce from $316.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Finally, Mizuho set a $340.00 price objective on Salesforce in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, thirteen have given a Hold rating and one has assigned 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 $326.68.

Salesforce Trading Down 0.1%

NYSE:CRM opened at $265.95 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50-day simple moving average is $249.45 and its 200-day simple moving average is $251.56. Salesforce Inc. has a fifty-two week low of $221.96 and a fifty-two week high of $367.09. The stock has a market capitalization of $249.20 billion, a PE ratio of 35.51, a price-to-earnings-growth ratio of 1.98 and a beta of 1.25.

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

Salesforce Dividend Announcement

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

Salesforce Profile

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.