RBA Wealth Management LLC Boosts Holdings in Salesforce Inc. $CRM

RBA Wealth Management LLC grew its holdings in shares of Salesforce Inc. (NYSE:CRM) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,890 shares of the CRM provider’s stock after buying an additional 160 shares during the period. Salesforce accounts for approximately 1.7% of RBA Wealth Management LLC’s holdings, making the stock its 27th biggest position. RBA Wealth Management LLC’s holdings in Salesforce were worth $4,606,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new position in shares of Salesforce during the first quarter valued at $2,039,196,000. Longview Partners Guernsey LTD acquired a new stake in shares of Salesforce in the 1st quarter valued at about $467,944,000. Pacer Advisors Inc. grew its stake in shares of Salesforce by 1,744.0% in the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock valued at $488,486,000 after purchasing an additional 1,721,550 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Salesforce by 1.6% in the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after acquiring an additional 1,383,942 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new stake in Salesforce during the first quarter valued at about $345,100,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Stock Performance

CRM opened at $243.58 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The stock has a market cap of $231.89 billion, a PE ratio of 35.40, a P/E/G ratio of 2.22 and a beta of 1.22. The stock’s 50 day simple moving average is $249.32 and its 200-day simple moving average is $261.53.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.Salesforce’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company earned $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Sell-side analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be paid a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is 24.13%.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $269.38, for a total transaction of $606,105.00. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,208,738,995.98. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Blair Kirk purchased 3,400 shares of the stock in a transaction on Tuesday, September 9th. The shares were purchased at an average price of $254.66 per share, with a total value of $865,844.00. Following the acquisition, the director directly owned 3,824 shares in the company, valued at $973,819.84. This represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 78,750 shares of company stock valued at $19,955,745 over the last quarter. Company insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CRM. Piper Sandler cut their target price on Salesforce from $335.00 to $315.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. UBS Group decreased their price objective on Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a report on Monday, August 18th. Macquarie reissued a “neutral” rating and issued a $290.00 price target on shares of Salesforce in a report on Thursday, September 4th. Robert W. Baird dropped their target price on shares of Salesforce from $365.00 to $325.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Finally, Stifel Nicolaus reduced their price objective on shares of Salesforce from $375.00 to $325.00 and set a “buy” rating for the company in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $332.58.

Salesforce Company 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.