Diversify Advisory Services LLC Purchases 2,618 Shares of Salesforce Inc. $CRM

Diversify Advisory Services LLC boosted its position in Salesforce Inc. (NYSE:CRM) by 21.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,642 shares of the CRM provider’s stock after purchasing an additional 2,618 shares during the period. Diversify Advisory Services LLC’s holdings in Salesforce were worth $3,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. ProVise Management Group LLC grew its stake in shares of Salesforce by 6.0% during the third quarter. ProVise Management Group LLC now owns 5,341 shares of the CRM provider’s stock valued at $1,266,000 after buying an additional 304 shares during the last quarter. Jefferies Financial Group Inc. lifted its stake in shares of Salesforce by 103.7% during the 3rd quarter. Jefferies Financial Group Inc. now owns 10,042 shares of the CRM provider’s stock worth $2,380,000 after acquiring an additional 5,111 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in shares of Salesforce by 2.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 36,080 shares of the CRM provider’s stock worth $8,551,000 after acquiring an additional 887 shares during the last quarter. B. Metzler seel. Sohn & Co. AG boosted its holdings in Salesforce by 10.0% during the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 702,501 shares of the CRM provider’s stock valued at $166,493,000 after acquiring an additional 63,641 shares during the period. Finally, Rathbones Group PLC grew its position in Salesforce by 15.3% in the 3rd quarter. Rathbones Group PLC now owns 801,693 shares of the CRM provider’s stock valued at $190,001,000 after acquiring an additional 106,513 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CRM shares. Guggenheim reiterated a “neutral” rating on shares of Salesforce in a research note on Thursday, December 4th. Evercore lowered their target price on shares of Salesforce from $360.00 to $340.00 and set an “outperform” rating for the company in a research note on Thursday, December 4th. Royal Bank Of Canada cut their price target on shares of Salesforce from $290.00 to $210.00 and set a “sector perform” rating on the stock in a report on Thursday, February 26th. Oppenheimer decreased their price objective on shares of Salesforce from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $281.00 price objective on shares of Salesforce in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $283.14.

Salesforce Price Performance

CRM opened at $198.81 on Tuesday. The company has a market capitalization of $183.50 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 1.47 and a beta of 1.29. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. Salesforce Inc. has a 12-month low of $174.57 and a 12-month high of $296.05. The business’s fifty day simple moving average is $215.86 and its 200-day simple moving average is $236.46.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, February 25th. The CRM provider reported $3.81 earnings per share for the quarter, beating the consensus estimate of $3.05 by $0.76. Salesforce had a return on equity of 15.38% and a net margin of 17.96%.The firm had revenue of $11.20 billion during the quarter, compared to the consensus estimate of $11.18 billion. During the same period in the previous year, the company posted $2.78 earnings per share. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. On average, equities research analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Thursday, April 9th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, April 9th. This is a boost from Salesforce’s previous quarterly dividend of $0.42. Salesforce’s dividend payout ratio is currently 21.25%.

Insider Activity at Salesforce

In other news, Director Neelie Kroes sold 3,893 shares of the stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $238.70, for a total transaction of $929,259.10. Following the transaction, the director directly owned 7,299 shares in the company, valued at approximately $1,742,271.30. This trade represents a 34.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Blair Kirk acquired 1,936 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average cost of $258.64 per share, for a total transaction of $500,727.04. Following the completion of the acquisition, the director owned 10,677 shares of the company’s stock, valued at $2,761,499.28. This trade represents a 22.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.00% of the stock is currently owned by corporate insiders.

Salesforce 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.