Eminence Capital LP Has $214.51 Million Position in Salesforce Inc. $CRM

Eminence Capital LP lifted its position in shares of Salesforce Inc. (NYSE:CRM) by 114.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 786,648 shares of the CRM provider’s stock after acquiring an additional 419,498 shares during the quarter. Salesforce makes up about 2.6% of Eminence Capital LP’s investment portfolio, making the stock its 9th largest position. Eminence Capital LP’s holdings in Salesforce were worth $214,511,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Painted Porch Advisors LLC raised its stake 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 during the last quarter. CBIZ Investment Advisory Services LLC raised its position in shares of 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 during the last quarter. Christopher J. Hasenberg Inc lifted its stake in shares of Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after purchasing an additional 92 shares during the period. Maseco LLP bought a new position in Salesforce during the second quarter worth about $34,000. Finally, Quaker Wealth Management LLC increased its stake in Salesforce by 208.6% in the second quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock valued at $34,000 after purchasing an additional 242 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Marc Benioff sold 122 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $259.00, for a total transaction of $31,598.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $3,085,096,889. The trade was a 0.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Parker Harris sold 134,662 shares of the stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $234.70, for a total value of $31,605,171.40. Following the completion of the sale, the insider owned 139,767 shares in the company, valued at approximately $32,803,314.90. This trade represents a 49.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 177,534 shares of company stock valued at $42,194,197. 3.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CRM has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 4th. Evercore ISI dropped their target price on shares of Salesforce from $360.00 to $340.00 and set an “outperform” rating on the stock in a report on Thursday, December 4th. UBS Group reiterated a “neutral” rating and issued a $260.00 price target on shares of Salesforce in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Salesforce from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Finally, BMO Capital Markets reduced their target price on shares of Salesforce from $280.00 to $275.00 and set an “outperform” rating for the company in a research note on Thursday, December 4th. Twenty-eight analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $326.46.

Salesforce Trading Down 0.0%

Salesforce stock opened at $262.34 on Friday. The company has a market cap of $245.81 billion, a price-to-earnings ratio of 35.03, a P/E/G ratio of 1.96 and a beta of 1.25. The firm has a 50-day moving average of $245.50 and a 200-day moving average of $252.26. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98. Salesforce Inc. has a one year low of $221.96 and a one year high of $367.09.

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

Salesforce Announces Dividend

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

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.