Hamilton Point Investment Advisors LLC Purchases New Shares in Salesforce Inc. $CRM

Hamilton Point Investment Advisors LLC purchased a new stake in Salesforce Inc. (NYSE:CRM) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 33,390 shares of the CRM provider’s stock, valued at approximately $7,927,000. Salesforce makes up approximately 1.2% of Hamilton Point Investment Advisors LLC’s holdings, making the stock its 22nd biggest holding.

A number of other large investors have also modified their holdings of CRM. Painted Porch Advisors LLC raised its stake in Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 65 shares during the period. Evolution Wealth Management Inc. acquired a new stake in shares of Salesforce during the second quarter worth about $27,000. CBIZ Investment Advisory Services LLC grew its stake in shares of Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 85 shares in the last quarter. Christopher J. Hasenberg Inc grew its position 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 in the last quarter. Finally, Maseco LLP acquired a new stake in Salesforce in the second quarter valued at $34,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Analyst Ratings Changes

CRM has been the topic of a number of research reports. Sanford C. Bernstein restated an “underperform” rating on shares of Salesforce in a research note on Thursday, December 4th. Canaccord Genuity Group restated a “buy” rating and issued a $300.00 price target on shares of Salesforce in a research note on Thursday, December 4th. Morgan Stanley dropped their target price on shares of Salesforce from $405.00 to $398.00 and set an “overweight” rating for the company in a report on Tuesday, December 9th. Evercore ISI reduced their target price on Salesforce from $360.00 to $340.00 and set an “outperform” rating on the stock in a research note on Thursday, December 4th. Finally, Arete Research upgraded Salesforce to a “strong-buy” rating in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.68.

Salesforce Stock Performance

Shares of CRM stock opened at $265.95 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average of $249.45 and a two-hundred day moving average of $251.56. The company has a market cap of $249.20 billion, a P/E ratio of 35.51, a PEG ratio of 1.98 and a beta of 1.25. Salesforce Inc. has a 52 week low of $221.96 and a 52 week high of $367.09.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.39. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The company had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $10.27 billion. During the same quarter in the previous year, the company posted $2.41 earnings per share. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. As a group, analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th will be issued a $0.416 dividend. This represents a $1.66 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, December 18th. Salesforce’s dividend payout ratio (DPR) is presently 22.16%.

Insider Buying and Selling at Salesforce

In other Salesforce news, insider Parker Harris sold 134,662 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the transaction, the insider directly owned 139,767 shares in the company, valued at $32,803,314.90. This trade represents a 49.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director G Mason Morfit purchased 96,000 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were bought at an average price of $260.58 per share, with a total value of $25,015,680.00. Following the purchase, the director owned 2,994,509 shares in the company, valued at $780,309,155.22. This represents a 3.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 161,784 shares of company stock valued at $38,357,182 in the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

Salesforce Company Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.