Hixon Zuercher LLC Acquires 78 Shares of Salesforce Inc. $CRM

Hixon Zuercher LLC grew its holdings in shares of Salesforce Inc. (NYSE:CRM) by 0.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 14,369 shares of the CRM provider’s stock after purchasing an additional 78 shares during the quarter. Hixon Zuercher LLC’s holdings in Salesforce were worth $3,918,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Nuveen LLC acquired a new stake in Salesforce in the first quarter worth $2,039,196,000. Longview Partners Guernsey LTD bought a new position in shares of Salesforce during the 1st quarter worth about $467,944,000. Pacer Advisors Inc. boosted its position in shares of Salesforce by 1,744.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after purchasing an additional 1,721,550 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after buying an additional 1,383,942 shares during the period. Finally, Diamond Hill Capital Management Inc. bought a new stake in Salesforce in the 1st quarter valued at about $345,100,000. Institutional investors own 80.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CRM. Deutsche Bank Aktiengesellschaft reduced their price objective on Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a research note on Thursday, September 4th. Northland Securities downgraded shares of Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price target for the company. in a research report on Tuesday, October 14th. KeyCorp lowered their price objective on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. JPMorgan Chase & Co. reduced their price objective on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a report on Thursday, September 4th. Finally, UBS Group decreased their target price on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a research report on Monday, August 18th. Twenty-five 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $325.23.

Salesforce Stock Performance

Shares of CRM stock opened at $254.93 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a 50-day moving average of $246.53 and a 200-day moving average of $258.17. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The company has a market cap of $242.69 billion, a P/E ratio of 37.05, a P/E/G ratio of 2.14 and a beta of 1.19.

Salesforce (NYSE:CRM) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company 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 EPS for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were given a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is presently 24.13%.

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $259.01, for a total value of $582,772.50. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $3,085,216,004.71. This represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 78,750 shares of company stock worth $19,424,880 in the last 90 days. Company insiders own 3.00% of the company’s stock.

Salesforce Company 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.