Yousif Capital Management LLC Has $31.72 Million Position in Salesforce Inc. $CRM

Yousif Capital Management LLC reduced its stake in shares of Salesforce Inc. (NYSE:CRM) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 116,330 shares of the CRM provider’s stock after selling 320 shares during the quarter. Yousif Capital Management LLC’s holdings in Salesforce were worth $31,722,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CRM. Painted Porch Advisors LLC raised its position in Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after acquiring an additional 65 shares in the last quarter. Capital A Wealth Management LLC raised its position in Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its position in Salesforce by 314.8% during the first 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 in the last quarter. Abound Financial LLC bought a new position in Salesforce during the first quarter valued at approximately $31,000. Finally, Christopher J. Hasenberg Inc raised its position in Salesforce by 383.3% during the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after acquiring an additional 92 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on CRM. Roth Capital reaffirmed a “buy” rating and set a $395.00 price objective on shares of Salesforce in a research report on Thursday, September 4th. BMO Capital Markets cut their price objective on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. DA Davidson raised shares of Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 price target on the stock in a research report on Friday, August 15th. UBS Group dropped their price target on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a research report on Monday, August 18th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Salesforce in a research report on Saturday, September 27th. Twenty-six analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $331.89.

Salesforce Trading Down 1.3%

Shares of CRM stock opened at $242.11 on Monday. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The firm’s fifty day simple moving average is $244.68 and its 200 day simple moving average is $258.64. The firm has a market capitalization of $230.49 billion, a P/E ratio of 35.19, a price-to-earnings-growth ratio of 2.09 and a beta of 1.19. 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 (NYSE:CRM) last announced its earnings results 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. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the firm posted $2.56 earnings per share. Salesforce’s revenue was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, sell-side analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were given a dividend of $0.416 per share. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce’s payout ratio is 24.13%.

Insiders Place Their Bets

In related news, Director David Blair Kirk bought 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were acquired at an average price of $254.66 per share, with a total value of $865,844.00. Following the completion of the transaction, the director owned 3,824 shares of the company’s stock, valued at $973,819.84. The trade was a 801.89% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $240.34, for a total transaction of $540,765.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,862,826,974.14. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,500 shares of company stock worth $19,049,130 in the last ninety days. 3.00% of the stock is currently owned by insiders.

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.