Joseph Group Capital Management Raises Stake in Salesforce Inc. $CRM

Joseph Group Capital Management increased its holdings in Salesforce Inc. (NYSE:CRM) by 23.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,852 shares of the CRM provider’s stock after buying an additional 3,021 shares during the quarter. Joseph Group Capital Management’s holdings in Salesforce were worth $3,757,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CRM. Painted Porch Advisors LLC raised 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 purchasing an additional 65 shares during the last quarter. Evolution Wealth Management Inc. acquired a new stake in Salesforce during the 2nd quarter worth about $27,000. CBIZ Investment Advisory Services LLC raised its stake 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 buying an additional 85 shares during the last quarter. Christopher J. Hasenberg Inc lifted its holdings 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 buying an additional 92 shares during the period. Finally, Maseco LLP acquired a new position in shares of Salesforce in the 2nd quarter valued at about $34,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Stock Performance

CRM opened at $260.54 on Friday. The firm’s fifty day simple moving average is $250.33 and its two-hundred day simple moving average is $251.70. Salesforce Inc. has a 52-week low of $221.96 and a 52-week high of $367.09. The company has a market cap of $244.13 billion, a price-to-earnings ratio of 34.79, a PEG ratio of 1.98 and a beta of 1.26. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.39. Salesforce had a net margin of 17.91% and a return on equity of 14.41%. The firm had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $10.27 billion. During the same quarter in the prior year, the firm earned $2.41 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Equities analysts anticipate 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 was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were given a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, December 18th. Salesforce’s payout ratio is presently 22.16%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CRM. Citigroup cut Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Citizens Jmp reaffirmed a “market outperform” rating and set a $430.00 target price on shares of Salesforce in a report on Tuesday, December 2nd. Northland Securities boosted their target price on shares of Salesforce from $264.00 to $267.00 and gave the company a “market perform” rating in a research note on Thursday, December 4th. Wedbush restated an “outperform” rating and set a $375.00 price target on shares of Salesforce in a research report on Thursday, December 4th. Finally, Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Salesforce in a report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $327.74.

Insider Activity at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Friday, October 31st. The shares were sold at an average price of $258.20, for a total transaction of $580,950.00. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $3,075,567,632.20. The trade was a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Parker Harris sold 134,662 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the sale, the insider directly owned 139,767 shares of the company’s stock, valued at $32,803,314.90. The trade was a 49.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 155,034 shares of company stock valued at $36,726,584. 3.00% of the stock is owned by insiders.

Salesforce Company Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.