Salesforce Inc. $CRM Shares Purchased by Evelyn Partners Investment Management Services Ltd

Evelyn Partners Investment Management Services Ltd raised its stake in Salesforce Inc. (NYSE:CRM) by 20.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,621 shares of the CRM provider’s stock after purchasing an additional 773 shares during the period. Evelyn Partners Investment Management Services Ltd’s holdings in Salesforce were worth $1,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sfmg LLC lifted its holdings in shares of Salesforce by 0.8% in the 2nd quarter. Sfmg LLC now owns 23,160 shares of the CRM provider’s stock valued at $6,316,000 after purchasing an additional 191 shares during the last quarter. Evelyn Partners Asset Management Ltd increased its position in Salesforce by 195.3% during the second quarter. Evelyn Partners Asset Management Ltd now owns 313 shares of the CRM provider’s stock worth $85,000 after buying an additional 207 shares during the period. Journey Strategic Wealth LLC lifted its stake in Salesforce by 24.5% in the second quarter. Journey Strategic Wealth LLC now owns 6,158 shares of the CRM provider’s stock valued at $1,679,000 after buying an additional 1,210 shares during the last quarter. CFC Planning Co LLC boosted its holdings in shares of Salesforce by 6.2% in the second quarter. CFC Planning Co LLC now owns 10,014 shares of the CRM provider’s stock valued at $2,731,000 after acquiring an additional 587 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Salesforce by 15.0% during the second quarter. Franklin Resources Inc. now owns 7,023,700 shares of the CRM provider’s stock worth $1,915,293,000 after acquiring an additional 918,091 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Trading Up 0.6%

Shares of Salesforce stock opened at $226.75 on Friday. The company has a 50-day moving average of $244.80 and a two-hundred day moving average of $256.22. The stock has a market cap of $215.87 billion, a PE ratio of 32.96, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12-month low of $221.96 and a 12-month high of $369.00.

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 analysts’ consensus estimates 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 return on equity of 13.27% and a net margin of 16.87%.The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were given a $0.416 dividend. The ex-dividend date was Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s payout ratio is currently 24.13%.

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 122 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $259.00, for a total transaction of $31,598.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,085,096,889. This trade represents a 0.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 60,872 shares of company stock valued at $15,058,156. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Piper Sandler reiterated an “overweight” rating and set a $315.00 price target on shares of Salesforce in a research note on Thursday, October 16th. Deutsche Bank Aktiengesellschaft lowered their price target on Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Wall Street Zen cut Salesforce from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Royal Bank Of Canada dropped their target price on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a report on Thursday, September 4th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $430.00 price target on shares of Salesforce in a report on Friday, October 17th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.51.

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.