Quilter Plc Has $68.76 Million Stake in Salesforce Inc. $CRM

Quilter Plc increased its position in shares of Salesforce Inc. (NYSE:CRM) by 25.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 252,169 shares of the CRM provider’s stock after purchasing an additional 51,762 shares during the period. Salesforce makes up about 1.3% of Quilter Plc’s portfolio, making the stock its 29th biggest holding. Quilter Plc’s holdings in Salesforce were worth $68,764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the business. Painted Porch Advisors LLC grew its holdings 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 valued at $25,000 after purchasing an additional 65 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its position in Salesforce by 314.8% in 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 in the last quarter. Christopher J. Hasenberg Inc grew its stake in shares of 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 acquired a new position in shares of Salesforce during the second quarter worth $34,000. Finally, Quaker Wealth Management LLC lifted its stake in shares of Salesforce by 208.6% in the 2nd quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock valued at $34,000 after acquiring an additional 242 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRM has been the topic of a number of research reports. Cantor Fitzgerald restated an “overweight” rating on shares of Salesforce in a research report on Wednesday, November 12th. Stifel Nicolaus lowered their price objective on Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, October 9th. Piper Sandler reiterated an “overweight” rating and set a $315.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Wedbush reaffirmed an “outperform” rating and set a $375.00 price target on shares of Salesforce in a research note on Thursday, October 16th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $400.00 price target on shares of Salesforce in a report on Thursday, October 16th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.51.

Insider Activity

In related news, Director David Blair Kirk bought 3,400 shares of Salesforce stock in a transaction 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 acquisition, the director directly owned 3,824 shares of the company’s stock, valued at $973,819.84. This represents a 801.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $242.39, for a total transaction of $545,377.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,887,245,694.69. The trade was a 0.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 63,122 shares of company stock valued at $15,615,413. 3.00% of the stock is owned by corporate insiders.

Salesforce Trading Down 2.5%

Shares of Salesforce stock opened at $227.59 on Thursday. The stock has a market capitalization of $216.67 billion, a P/E ratio of 33.08, a P/E/G ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a 52-week low of $225.06 and a 52-week high of $369.00. 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 stock’s 50-day simple moving average is $245.53 and its 200 day simple moving average is $256.75.

Salesforce (NYSE:CRM) last posted its 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 firm 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 revenue was up 9.8% on a year-over-year basis. During the same quarter last 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. As a group, research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were paid 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 was Wednesday, September 17th. Salesforce’s payout ratio is presently 24.13%.

Salesforce 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.