Brown Shipley& Co Ltd Purchases Shares of 145 Salesforce Inc. $CRM

Brown Shipley& Co Ltd acquired a new position in shares of Salesforce Inc. (NYSE:CRM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 145 shares of the CRM provider’s stock, valued at approximately $40,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CRM. Nuveen LLC acquired a new position in shares of Salesforce during the first quarter worth approximately $2,039,196,000. Longview Partners Guernsey LTD acquired a new position in shares of Salesforce during the first quarter worth approximately $467,944,000. Pacer Advisors Inc. boosted its position in shares of Salesforce by 1,744.0% during the first quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after buying an additional 1,721,550 shares during the period. Vanguard Group Inc. boosted its position in shares of Salesforce by 1.6% during the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after buying an additional 1,383,942 shares during the period. Finally, Diamond Hill Capital Management Inc. acquired a new position in shares of Salesforce during the first quarter worth approximately $345,100,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Stifel Nicolaus reduced their price target on shares of Salesforce from $375.00 to $325.00 and set a “buy” rating for the company in a research note on Wednesday, August 13th. Erste Group Bank lowered shares of Salesforce from a “buy” rating to a “hold” rating in a research note on Thursday, June 5th. JPMorgan Chase & Co. reduced their price target on shares of Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a research note on Thursday, September 4th. Royal Bank Of Canada reduced their price target on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research note on Thursday, September 4th. Finally, Morgan Stanley upped their price target on shares of Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and an average target price of $332.58.

Salesforce Trading Down 3.3%

Shares of NYSE:CRM opened at $236.92 on Wednesday. The stock has a market capitalization of $225.55 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 2.23 and a beta of 1.22. Salesforce Inc. has a 1-year low of $226.48 and a 1-year 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 company has a 50 day moving average price of $248.44 and a 200 day moving average price of $261.05.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. The business 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 firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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 Dividend Announcement

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

Insider Activity at Salesforce

In other news, Director David Blair Kirk purchased 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the transaction, the director owned 3,824 shares in the company, valued at $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $244.53, for a total transaction of $550,192.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,912,736,456.63. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,000 shares of company stock valued at $20,439,405. 3.00% of the stock is owned by insiders.

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.