Salesforce Inc. $CRM Stock: Value Partners Investments Inc. Lowers Holdings

Value Partners Investments Inc. trimmed its holdings in shares of Salesforce Inc. (NYSE:CRM) by 34.5% during the third quarter, Holdings Channel reports. The fund owned 289,626 shares of the CRM provider’s stock after selling 152,600 shares during the quarter. Salesforce accounts for 4.5% of Value Partners Investments Inc.’s investment portfolio, making the stock its 8th largest holding. Value Partners Investments Inc.’s holdings in Salesforce were worth $66,546,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Thor Investment Management Inc. OH ADV grew its stake in Salesforce by 0.7% during the 3rd quarter. Thor Investment Management Inc. OH ADV now owns 6,422 shares of the CRM provider’s stock valued at $1,474,000 after purchasing an additional 45 shares in the last quarter. Crumly & Associates Inc. raised its position in shares of Salesforce by 1.5% in the 3rd quarter. Crumly & Associates Inc. now owns 3,396 shares of the CRM provider’s stock valued at $780,000 after purchasing an additional 50 shares in the last quarter. HBW Advisory Services LLC boosted its stake in shares of Salesforce by 0.4% during the 1st quarter. HBW Advisory Services LLC now owns 13,098 shares of the CRM provider’s stock valued at $2,445,000 after buying an additional 57 shares during the last quarter. Paragon Capital Management Inc. boosted its stake in shares of Salesforce by 1.0% during the 3rd quarter. Paragon Capital Management Inc. now owns 5,714 shares of the CRM provider’s stock valued at $1,312,000 after buying an additional 57 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC grew its position in shares of Salesforce by 3.6% during the third quarter. Onyx Bridge Wealth Group LLC now owns 1,632 shares of the CRM provider’s stock worth $375,000 after buying an additional 57 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Analyst Ratings Changes

CRM has been the subject of a number of research analyst reports. Wells Fargo & Company lowered shares of Salesforce from a “buy” rating to a “strong sell” rating in a research note on Monday, October 12th. Freedom Broker increased their price objective on shares of Salesforce from $230.00 to $295.00 and gave the company a “buy” rating in a research note on Thursday, September 17th. Wolfe Research raised shares of Salesforce from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 27th. Susquehanna started coverage on shares of Salesforce in a research report on Wednesday, July 1st. They issued a “neutral” rating for the company. Finally, Bank of America raised shares of Salesforce from an “underperform” rating to a “buy” rating and increased their price target for the stock from $160.00 to $285.00 in a research report on Monday, October 12th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $278.40.

Insider Activity at Salesforce

In related news, Director Craig Conway sold 4,500 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the completion of the transaction, the director directly owned 5,437 shares in the company, valued at $1,416,936.57. This represents a 45.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Blair Kirk bought 4,176 shares of the company’s stock in a transaction on Friday, September 18th. The stock was bought at an average cost of $239.33 per share, for a total transaction of $999,442.08. Following the completion of the transaction, the director directly owned 18,748 shares of the company’s stock, valued at $4,486,958.84. This trade represents a 28.66% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.50% of the company’s stock.

Salesforce Stock Performance

CRM stock traded up $2.07 during trading on Monday, hitting $242.77. 7,038,715 shares of the company’s stock traded hands, compared to its average volume of 13,517,932. The stock has a market capitalization of $199.80 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 1.09 and a beta of 1.26. Salesforce Inc. has a 52 week low of $146.32 and a 52 week high of $269.11. The stock has a fifty day moving average price of $232.38 and a two-hundred day moving average price of $195.29. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, beating analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The business had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.33 billion. During the same quarter in the prior year, the firm earned $2.91 EPS. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. As a group, equities analysts anticipate that Salesforce Inc. will post 12.82 EPS for the current fiscal year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Thursday, September 17th. Salesforce’s dividend payout ratio is presently 16.04%.

Salesforce Company Profile

Salesforce, Inc (NYSE: CRM) is a global enterprise software company that provides cloud-based customer relationship management (CRM) technology. Its platform helps organizations manage sales, customer service, marketing, commerce, data, analytics and interactions with customers across digital and traditional channels.

The company’s products include Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud and Data Cloud. Salesforce also offers Tableau for data visualization and analytics, MuleSoft for application integration, and Slack for workplace collaboration.