Eads & Heald Wealth Management grew its holdings in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 143.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,768 shares of the CRM provider’s stock <a href="https://bitcomme.com/what-to-do-after-mba-best-courses-for-career-advancement-2/” title=”What to Do After MBA? Best Courses for Career Advancement”>after purchasing an additional 2,221 shares during the period. Eads & Heald Wealth Management’s holdings in Salesforce were worth $865,000 at the end of the most recent quarter.
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A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. purchased a new position in Salesforce during the 2nd quarter worth $11,396,844,000. Arrowstreet Capital Limited Partnership raised its stake in Salesforce by 130.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock valued at $2,363,096,000 after buying an additional 7,160,302 shares during the last quarter. Bank of America Corp DE raised its stake in Salesforce by 28.0% in the first quarter. Bank of America Corp DE now owns 11,724,790 shares of the CRM provider’s stock valued at $2,188,666,000 after buying an additional 2,561,923 shares during the last quarter. Legal & General Group Plc acquired a new stake in Salesforce in the second quarter worth about $927,332,000. Finally, Bank of New York Mellon Corp acquired a new stake in Salesforce in the second quarter worth about $844,928,000. Institutional investors and hedge funds own 80.43% of the company’s stock.
Salesforce Stock Down 1.4%
Shares of CRM stock opened at $225.87 on Tuesday. The stock’s 50-day simple moving average is $239.27 and its 200-day simple moving average is $198.81. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $185.89 billion, a PE ratio of 20.59, a P/E/G ratio of 1.10 and a beta of 1.26. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11.
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Salesforce (NYSE:CRM – Get Free Report) last issued its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $2.63. The firm had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.33 billion. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.91 earnings per share. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Equities analysts expect that Salesforce Inc. will post 12.82 earnings per share for the current year.
Salesforce Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were paid a $0.44 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a yield of 0.8%. Salesforce’s dividend payout ratio (DPR) is currently 16.04%.
Key Salesforce News
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Here are the key news stories impacting Salesforce this week:
- Positive Sentiment:Salesforce agreed to acquire Cresta, an AI software company focused on improving contact-center productivity and customer service. The deal could strengthen Salesforce’s AI-agent strategy and support broader adoption of its CRM platform. Financial terms and the expected closing date were not disclosed. Salesforce Signs Definitive Agreement to Acquire Cresta
- Positive Sentiment:Analysts and financial commentary continue to identify Salesforce as a potential bargain, citing its improving AI monetization, strong cash generation and relatively depressed valuation compared with its longer-term prospects. This could support a rebound if growth reaccelerates. 5 Stocks to Buy in November
- Positive Sentiment:Salesforce’s history of exceeding earnings expectations, along with favorable analyst estimates, has raised expectations for another quarterly earnings beat. A stronger-than-expected report could provide a near-term catalyst, although this remains speculative ahead of results. Will Salesforce Beat Estimates Again
- Neutral Sentiment:Salesforce Ventures participated in a $700 million funding round for Hark, an AI startup developing foundation models for a consumer personal assistant. The investment expands Salesforce’s AI exposure beyond core CRM products, but its financial impact and strategic returns are uncertain. Why Salesforce Is Backing Hark
- Neutral Sentiment:Salesforce-related AIforce coverage highlights efforts to make CRM tools accessible through Claude, Slack and Salesforce interfaces, reinforcing the company’s push toward more convenient AI-enabled workflows. What is AIforce
- Negative Sentiment:CRM underperformed the broader market in the latest session, closing at $226.18. The decline reflects investor caution while the market evaluates Salesforce’s acquisition pace, AI spending and the timing of returns from these initiatives. Why Salesforce Dipped More Than the Broader Market
Insider Buying and Selling at Salesforce
In other Salesforce news, Director David Blair Kirk bought 4,176 shares of the stock in a transaction on Friday, September 18th. The shares were bought at an average price of $239.33 per share, with a total value of $999,442.08. Following the purchase, the director directly owned 18,748 shares in the company, valued at $4,486,958.84. This trade represents a 28.66% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Craig Conway sold 4,500 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the sale, the director directly owned 5,437 shares of the company’s stock, valued at approximately $1,416,936.57. This represents a 45.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.50% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on CRM shares. Needham & Company LLC restated a “buy” rating on shares of Salesforce in a research note on Thursday, September 17th. Evercore reaffirmed an “outperform” rating on shares of Salesforce in a research report on Tuesday, October 20th. Freedom Broker lifted their target price on shares of Salesforce from $230.00 to $295.00 and gave the stock a “buy” rating in a research note on Thursday, September 17th. Oppenheimer reissued an “outperform” rating on shares of Salesforce in a research report on Thursday, September 17th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Salesforce in a research note on Tuesday, October 20th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $278.98.
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