Salesforce Inc. $CRM Shares Acquired by StoneX Group Inc.

StoneX Group Inc. boosted its position in shares of Salesforce Inc. (NYSE:CRM) by 77.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 5,621 shares of the CRM provider’s stock after purchasing an additional 2,455 shares during the period. StoneX Group Inc.’s holdings in Salesforce were worth $1,282,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Thor Investment Management Inc. OH ADV increased its stake in Salesforce by 0.7% in the 3rd quarter. Thor Investment Management Inc. OH ADV now owns 6,422 shares of the CRM provider’s stock worth $1,474,000 after acquiring an additional 45 shares during the last quarter. Bradley & Co. Private Wealth Management LLC grew its holdings in shares of Salesforce by 9.6% during the third quarter. Bradley & Co. Private Wealth Management LLC now owns 558 shares of the CRM provider’s stock worth $128,000 after purchasing an additional 49 shares in the last quarter. Crumly & Associates Inc. grew its holdings in shares of Salesforce by 1.5% during the third quarter. Crumly & Associates Inc. now owns 3,396 shares of the CRM provider’s stock worth $780,000 after purchasing an additional 50 shares in the last quarter. Meridian Financial Partners LLC increased its position in shares of Salesforce by 1.1% in the third quarter. Meridian Financial Partners LLC now owns 4,700 shares of the CRM provider’s stock worth $1,160,000 after purchasing an additional 50 shares during the last quarter. Finally, Peterson Wealth Services increased its position in shares of Salesforce by 3.6% in the third quarter. Peterson Wealth Services now owns 1,549 shares of the CRM provider’s stock worth $356,000 after purchasing an additional 54 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Trading Up 0.5%

CRM stock opened at $214.62 on Tuesday. The company has a market capitalization of $176.63 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 1.03 and a beta of 1.24. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84. Salesforce Inc. has a one year low of $146.32 and a one year high of $269.11. The company’s 50 day moving average price is $238.69 and its two-hundred day moving average price is $198.60.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $2.63. The company had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.33 billion. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.91 EPS. 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, analysts predict that Salesforce Inc. will post 12.82 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, September 17th. Salesforce’s dividend payout ratio (DPR) is 16.04%.

Insider Transactions at Salesforce

In other news, Director Craig Conway sold 4,500 shares of Salesforce stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $260.61, for a total value of $1,172,745.00. Following the transaction, the director owned 5,437 shares in the company, valued at approximately $1,416,936.57. The trade was a 45.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Blair Kirk bought 4,176 shares of the stock in a transaction dated Friday, September 18th. The stock was bought at an average cost of $239.33 per share, with a total value of $999,442.08. Following the purchase, the director owned 18,748 shares in the company, valued at $4,486,958.84. The trade was a 28.66% increase in their position. The SEC filing for this purchase provides additional information. 3.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CRM has been the subject of several research analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $250.00 target price on shares of Salesforce in a research report on Thursday, September 17th. Freedom Broker increased their price target on shares of Salesforce from $230.00 to $295.00 and gave the stock a “buy” rating in a report on Thursday, September 17th. Guggenheim raised their price objective on shares of Salesforce from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, September 17th. Evercore reaffirmed an “outperform” rating on shares of Salesforce in a report on Tuesday, October 20th. Finally, BMO Capital Markets upped their target price on shares of Salesforce from $250.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, September 17th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $278.98.

About Salesforce

Salesforce, Inc is a cloud-based software company best known for customer relationship management (CRM) tools. Its platform helps businesses manage sales, customer service, marketing, commerce and customer data, and includes products such as Sales Cloud, Service Cloud, Data Cloud and Agentforce.

The company also offers Slack for workplace collaboration, Tableau for data analytics and visualization, and MuleSoft for connecting applications and data. Salesforce’s products are used by organizations across a range of industries and are available to customers around the world.

Founded in 1999 by Marc Benioff and other co-founders, Salesforce is headquartered in San Francisco.