IFG Advisors LLC Raises Position in Salesforce Inc. $CRM

IFG Advisors LLC raised its position in Salesforce Inc. (NYSE:CRM) by 29.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,216 shares of the CRM provider’s stock after buying an additional 501 shares during the period. IFG Advisors LLC’s holdings in Salesforce were worth $604,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Painted Porch Advisors LLC grew its holdings in shares of 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 buying an additional 65 shares in the last quarter. Capital A Wealth Management LLC boosted its position in Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its stake in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 85 shares in the last quarter. Abound Financial LLC acquired a new stake in Salesforce in the 1st quarter valued at about $31,000. Finally, Christopher J. Hasenberg Inc lifted its stake in Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. KeyCorp cut their target price on Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, September 4th. Morgan Stanley boosted their price target on shares of Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. DA Davidson raised shares of Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 price objective for the company in a report on Friday, August 15th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $430.00 target price on shares of Salesforce in a research note on Tuesday, September 2nd. Twenty-five analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $328.22.

Insider Transactions at Salesforce

In other Salesforce news, Director David Blair Kirk purchased 3,400 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were bought at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $236.45, for a total transaction of $532,012.50. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,816,490,962.95. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,750 shares of company stock valued at $19,572,233 over the last 90 days. 3.00% of the stock is currently owned by company insiders.

Salesforce Price Performance

Salesforce stock opened at $239.87 on Wednesday. The company’s 50 day simple moving average is $244.47 and its 200-day simple moving average is $258.36. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The company has a market capitalization of $228.36 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 2.15 and a beta of 1.19.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. The firm 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 revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last 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. As a group, equities research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

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

Salesforce Company Profile

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.