Tandem Capital Management Corp ADV Raises Position in Salesforce Inc. $CRM

Tandem Capital Management Corp ADV lifted its stake in Salesforce Inc. (NYSE:CRM) by 6.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,791 shares of the CRM provider’s stock after acquiring an additional 158 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Salesforce were worth $761,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CRM. Nuveen LLC purchased a new stake in shares of Salesforce in the first quarter worth about $2,039,196,000. Longview Partners Guernsey LTD purchased a new stake in shares of Salesforce in the first quarter worth about $467,944,000. Pacer Advisors Inc. boosted its holdings in Salesforce by 1,744.0% in the first quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock valued at $488,486,000 after purchasing an additional 1,721,550 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Salesforce by 1.6% in the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after purchasing an additional 1,383,942 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new position in Salesforce in the first quarter valued at about $345,100,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling

In other Salesforce news, Director David Blair Kirk acquired 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average cost of $254.66 per share, with a total value of $865,844.00. Following the acquisition, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $252.42, for a total value of $567,945.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $3,006,718,751.82. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,750 shares of company stock valued at $19,679,535 over the last three months. Corporate insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CRM shares. Robert W. Baird reduced their price target on Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Stifel Nicolaus reduced their price target on Salesforce from $375.00 to $325.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Canaccord Genuity Group reduced their price target on Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Salesforce in a report on Saturday, September 27th. Finally, Oppenheimer reduced their price target on Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Tuesday, August 26th. Twenty-six analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $332.58.

Salesforce Stock Up 0.2%

Shares of Salesforce stock opened at $240.23 on Thursday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The business’s 50 day simple moving average is $245.13 and its 200-day simple moving average is $259.53. The stock has a market capitalization of $228.70 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 2.07 and a beta of 1.19. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period 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. Equities research analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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

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.