Global Retirement Partners LLC Makes New Investment in Salesforce Inc. $CRM

Global Retirement Partners LLC bought a new stake in Salesforce Inc. (NYSE:CRM) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 16,459 shares of the CRM provider’s stock, valued at approximately $4,488,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Painted Porch Advisors LLC boosted its position in Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 65 shares during the period. CBIZ Investment Advisory Services LLC increased its position in 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 buying an additional 85 shares during the period. Christopher J. Hasenberg Inc lifted its stake in Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after buying an additional 92 shares during the last quarter. Maseco LLP acquired a new position in shares of Salesforce during the second quarter valued at $34,000. Finally, Quaker Wealth Management LLC grew its position in shares of Salesforce by 208.6% during the second quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock worth $34,000 after acquiring an additional 242 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Marc Benioff sold 122 shares of Salesforce stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $259.00, for a total value of $31,598.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $3,085,096,889. The trade was a 0.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders have sold 58,622 shares of company stock valued at $14,501,123. 3.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CRM has been the topic of several recent research reports. KeyCorp cut their price objective on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Macquarie reaffirmed a “neutral” rating and set a $250.00 price target on shares of Salesforce in a report on Thursday, October 16th. Northland Securities downgraded Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price objective for the company. in a research report on Tuesday, October 14th. Stifel Nicolaus lowered their target price on Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, October 9th. Finally, Piper Sandler reiterated an “overweight” rating and set a $315.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $323.51.

Salesforce Price Performance

Shares of NYSE:CRM opened at $226.70 on Tuesday. The stock’s 50 day moving average price is $244.48 and its 200 day moving average price is $255.57. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market cap of $215.82 billion, a price-to-earnings ratio of 32.95, a PEG ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a 12 month low of $221.96 and a 12 month high of $369.00.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. The company 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 firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period 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. Equities research analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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

Salesforce 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.