Simon Quick Advisors LLC Raises Stock Holdings in Salesforce Inc. $CRM

Simon Quick Advisors LLC raised its position in Salesforce Inc. (NYSE:CRM) by 23.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,100 shares of the CRM provider’s stock after buying an additional 1,159 shares during the quarter. Simon Quick Advisors LLC’s holdings in Salesforce were worth $1,663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Painted Porch Advisors LLC increased its holdings in shares of Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 65 shares during the period. Capital A Wealth Management LLC increased its holdings in shares of Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 90 shares during the period. CBIZ Investment Advisory Services LLC increased its holdings in shares of Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 85 shares during the period. Abound Financial LLC acquired a new position in shares of Salesforce in the first quarter valued at approximately $31,000. Finally, Christopher J. Hasenberg Inc increased its holdings in shares of Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after purchasing an additional 92 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Stock Up 2.2%

Salesforce stock opened at $256.90 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market capitalization of $244.57 billion, a price-to-earnings ratio of 37.34, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The stock’s fifty day moving average is $247.26 and its two-hundred day moving average is $258.02.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.Salesforce’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior 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. Analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were issued a $0.416 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.6%. Salesforce’s dividend payout ratio is 24.13%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CRM. JMP Securities reissued a “market outperform” rating and issued a $430.00 target price on shares of Salesforce in a report on Friday, October 17th. Northland Securities downgraded Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 target price for the company. in a research note on Tuesday, October 14th. Barclays cut their target price on Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research note on Monday, August 18th. JPMorgan Chase & Co. dropped their price objective on Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. Finally, Canaccord Genuity Group dropped their price objective on Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $325.23.

Insiders Place Their Bets

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $252.04, for a total value of $567,090.00. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,002,192,354.84. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 78,750 shares of company stock valued at $19,372,928 over the last quarter. 3.00% of the stock is currently owned by corporate 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.