Ayrshire Capital Management LLC Increases Position in Salesforce Inc. $CRM

Ayrshire Capital Management LLC increased its holdings in shares of Salesforce Inc. (NYSE:CRM) by 15.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,894 shares of the CRM provider’s stock after acquiring an additional 774 shares during the period. Ayrshire Capital Management LLC’s holdings in Salesforce were worth $1,607,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Neville Rodie & Shaw Inc. increased its position in shares of Salesforce by 4.6% during the second quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider’s stock worth $16,353,000 after acquiring an additional 2,644 shares during the period. AG2R LA Mondiale Gestion D Actifs bought a new position in shares of Salesforce during the 1st quarter worth $9,367,000. Jones Financial Companies Lllp increased its stake in shares of Salesforce by 31.2% during the first quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider’s stock valued at $93,016,000 after buying an additional 81,916 shares during the period. Strs Ohio bought a new stake in shares of Salesforce in the first quarter valued at about $100,472,000. Finally, Park National Corp OH lifted its stake in Salesforce by 10.5% in the second quarter. Park National Corp OH now owns 114,532 shares of the CRM provider’s stock worth $31,232,000 after acquiring an additional 10,901 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Salesforce Stock Up 1.1%

Shares of CRM opened at $242.00 on Thursday. The firm has a market cap of $230.38 billion, a P/E ratio of 35.17, a PEG ratio of 2.18 and a beta of 1.22. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The stock’s 50 day moving average is $251.39 and its two-hundred day moving average is $263.58. 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 (NYSE:CRM) last announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter last 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. Analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company 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. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce’s payout ratio is presently 24.13%.

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $242.39, for a total value of $545,377.50. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $2,887,245,694.69. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David Blair Kirk purchased 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were purchased at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the transaction, 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 position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 75,077 shares of company stock valued at $19,099,953. 3.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on CRM. Roth Capital restated a “buy” rating and issued a $395.00 price target on shares of Salesforce in a report on Thursday, September 4th. Barclays dropped their target price on Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a research report on Monday, August 18th. Morgan Stanley boosted their price target on Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. JPMorgan Chase & Co. dropped their price objective on Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Finally, Erste Group Bank downgraded shares of Salesforce from a “buy” rating to a “hold” rating in a report on Thursday, June 5th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company 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.