Advyzon Investment Management LLC Boosts Holdings in Salesforce Inc. $CRM

Advyzon Investment Management LLC grew its position in Salesforce Inc. (NYSE:CRM) by 57.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,884 shares of the CRM provider’s stock after purchasing an additional 687 shares during the quarter. Advyzon Investment Management LLC’s holdings in Salesforce were worth $514,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. IMA Advisory Services Inc. increased its position in Salesforce by 7.3% during the 2nd quarter. IMA Advisory Services Inc. now owns 6,337 shares of the CRM provider’s stock valued at $1,731,000 after buying an additional 432 shares in the last quarter. Tiemann Investment Advisors LLC boosted its holdings in Salesforce by 2.0% in the second quarter. Tiemann Investment Advisors LLC now owns 10,026 shares of the CRM provider’s stock worth $2,734,000 after acquiring an additional 200 shares in the last quarter. VeraBank N.A. grew its stake in shares of Salesforce by 46.3% during the second quarter. VeraBank N.A. now owns 10,406 shares of the CRM provider’s stock worth $2,838,000 after acquiring an additional 3,293 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. increased its holdings in shares of Salesforce by 36.4% during the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 142,981 shares of the CRM provider’s stock valued at $38,989,000 after acquiring an additional 38,147 shares in the last quarter. Finally, Davidson Capital Management Inc. raised its position in shares of Salesforce by 27.0% in the 2nd quarter. Davidson Capital Management Inc. now owns 11,859 shares of the CRM provider’s stock valued at $3,234,000 after purchasing an additional 2,520 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CRM. Piper Sandler restated an “overweight” rating and set a $315.00 price target on shares of Salesforce in a research note on Thursday, October 16th. Cantor Fitzgerald reissued an “overweight” rating and issued a $325.00 target price on shares of Salesforce in a research report on Thursday, October 16th. JMP Securities reaffirmed a “market outperform” rating and set a $430.00 price target on shares of Salesforce in a research report on Friday, October 17th. DA Davidson reiterated a “neutral” rating and set a $225.00 price target on shares of Salesforce in a research note on Thursday, October 16th. Finally, Sanford C. Bernstein cut their price objective on Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a report on Thursday, September 4th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $325.23.

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 122 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $259.00, for a total transaction of $31,598.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,085,096,889. This represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 69,872 shares of company stock valued at $17,257,913. 3.00% of the stock is currently owned by insiders.

Salesforce Trading Up 1.0%

Shares of Salesforce stock opened at $244.13 on Wednesday. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. 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 company has a market cap of $232.41 billion, a P/E ratio of 35.48, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. The firm has a 50-day simple moving average of $246.94 and a two-hundred day simple moving average of $257.99.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the firm posted $2.56 EPS. Salesforce’s quarterly 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, equities analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were paid a $0.416 dividend. 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 dividend payout ratio (DPR) is currently 24.13%.

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.