Global Retirement Partners LLC Buys 3,133 Shares of Salesforce Inc. $CRM

Global Retirement Partners LLC grew its stake in Salesforce Inc. (NYSE:CRM) by 19.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 19,592 shares of the CRM provider’s stock after buying an additional 3,133 shares during the quarter. Global Retirement Partners LLC’s holdings in Salesforce were worth $4,643,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Salesforce by 1.0% during the second quarter. Vanguard Group Inc. now owns 88,823,481 shares of the CRM provider’s stock worth $24,221,275,000 after purchasing an additional 909,853 shares during the period. State Street Corp lifted its stake in shares of Salesforce by 1.6% in the second quarter. State Street Corp now owns 49,260,918 shares of the CRM provider’s stock worth $13,452,998,000 after buying an additional 776,300 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Salesforce by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 20,873,900 shares of the CRM provider’s stock worth $5,669,224,000 after buying an additional 114,504 shares during the period. Norges Bank acquired a new position in Salesforce in the 2nd quarter valued at $2,826,049,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Salesforce by 6.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock worth $2,484,616,000 after acquiring an additional 600,386 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Price Performance

Shares of NYSE:CRM opened at $253.68 on Monday. The firm has a market capitalization of $237.70 billion, a PE ratio of 33.87, a PEG ratio of 1.89 and a beta of 1.26. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 1-year low of $221.96 and a 1-year high of $367.09. The business’s 50 day moving average is $249.78 and its 200-day moving average is $251.55.

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

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 18th will be given a $0.416 dividend. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, December 18th. Salesforce’s dividend payout ratio is 22.16%.

Insiders Place Their Bets

In related news, insider Parker Harris sold 134,662 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 139,767 shares in the company, valued at $32,803,314.90. This trade represents a 49.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director G Mason Morfit purchased 96,000 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was bought at an average cost of $260.58 per share, for a total transaction of $25,015,680.00. Following the purchase, the director owned 2,994,509 shares in the company, valued at $780,309,155.22. This represents a 3.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 159,534 shares of company stock worth $37,814,212 over the last quarter. Company insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CRM has been the subject of a number of recent analyst reports. Citigroup cut shares of Salesforce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Morgan Stanley cut their price objective on Salesforce from $405.00 to $398.00 and set an “overweight” rating for the company in a research report on Tuesday, December 9th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $300.00 target price on shares of Salesforce in a report on Thursday, December 4th. Mizuho set a $340.00 price target on Salesforce in a research report on Wednesday, December 10th. Finally, Piper Sandler reissued an “overweight” rating on shares of Salesforce in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Salesforce presently has an average rating of “Moderate Buy” and an average price target of $326.68.

About Salesforce

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.