Salesforce Inc. $CRM Stake Lessened by Retirement Income Solutions Inc

Retirement Income Solutions Inc lessened its stake in Salesforce Inc. (NYSE:CRM) by 4.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,423 shares of the CRM provider’s stock after selling 73 shares during the period. Retirement Income Solutions Inc’s holdings in Salesforce were worth $388,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CRM. Bernard Wealth Management Corp. bought a new stake in shares of Salesforce in the fourth quarter worth $25,000. Painted Porch Advisors LLC increased its stake in Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Capital A Wealth Management LLC increased its stake in Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its stake 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 purchasing an additional 85 shares during the last quarter. Finally, Abound Financial LLC bought a new stake in Salesforce during the first quarter valued at $31,000. Institutional investors own 80.43% of the company’s stock.

Insider Activity

In related news, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the acquisition, the director directly owned 3,824 shares of the company’s stock, valued at $973,819.84. This trade represents a 801.89% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $248.19, for a total transaction of $558,427.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,956,332,806.49. The trade was a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,500 shares of company stock valued at $19,402,583 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Salesforce Stock Performance

Shares of CRM opened at $244.46 on Wednesday. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The company has a market cap of $232.73 billion, a price-to-earnings ratio of 35.53, a price-to-earnings-growth ratio of 2.28 and a beta of 1.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a fifty day moving average of $250.31 and a 200-day moving average of $262.25.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company 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. As a group, equities analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be issued a $0.416 dividend. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce’s dividend payout ratio is presently 24.13%.

Analysts Set New Price Targets

CRM has been the subject of several recent research reports. JMP Securities reiterated a “market outperform” rating and set a $430.00 target price on shares of Salesforce in a research note on Tuesday, September 2nd. Barclays lowered their target price on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research note on Monday, August 18th. Stephens lowered their target price on shares of Salesforce from $311.00 to $309.00 and set an “equal weight” rating for the company in a research note on Friday, May 30th. Northland Securities lowered their target price on shares of Salesforce from $423.00 to $396.00 and set an “outperform” rating for the company in a research note on Thursday, May 29th. Finally, Morgan Stanley boosted their price target on shares of Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $332.58.

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.