Geneos Wealth Management Inc. Has $5.59 Million Holdings in Salesforce Inc. $CRM

Geneos Wealth Management Inc. grew its position in shares of Salesforce Inc. (NYSE:CRM) by 16.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,486 shares of the CRM provider’s stock after acquiring an additional 2,966 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Salesforce were worth $5,586,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of CRM. Painted Porch Advisors LLC grew its holdings in shares of 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 buying an additional 65 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its position in Salesforce by 314.8% in the 1st 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. Christopher J. Hasenberg Inc boosted its stake in Salesforce by 383.3% during the 2nd 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 last quarter. Maseco LLP bought a new stake in Salesforce during the 2nd quarter worth approximately $34,000. Finally, Spurstone Advisory Services LLC purchased a new stake in shares of Salesforce in the second quarter worth approximately $34,000. 80.43% of the stock is currently owned by institutional investors.

Salesforce Stock Performance

NYSE CRM opened at $262.34 on Monday. The company has a market capitalization of $245.81 billion, a PE ratio of 35.03, a price-to-earnings-growth ratio of 1.95 and a beta of 1.25. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 0.98. Salesforce Inc. has a 52-week low of $221.96 and a 52-week high of $367.09. The company has a 50-day simple moving average of $245.50 and a 200 day simple moving average of $251.92.

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

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 18th will be issued a $0.416 dividend. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $1.66 annualized dividend and a yield of 0.6%. Salesforce’s dividend payout ratio (DPR) is 22.16%.

Wall Street Analyst Weigh In

CRM has been the topic of several analyst reports. Citizens Jmp reaffirmed a “market outperform” rating and set a $430.00 target price on shares of Salesforce in a research report on Tuesday, December 2nd. Bank of America cut their price objective on shares of Salesforce from $325.00 to $305.00 and set a “buy” rating on the stock in a report on Monday, November 17th. Robert W. Baird lowered their target price on shares of Salesforce from $325.00 to $315.00 and set an “outperform” rating for the company in a report on Thursday, December 4th. Guggenheim reissued a “neutral” rating on shares of Salesforce in a research report on Thursday, December 4th. Finally, DA Davidson upped their price objective on shares of Salesforce from $225.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.46.

Insider Activity at Salesforce

In other Salesforce news, Director G Mason Morfit acquired 96,000 shares of the company’s stock in a transaction on Friday, December 5th. The shares were acquired at an average cost of $260.58 per share, with a total value of $25,015,680.00. Following the completion of the acquisition, the director directly owned 2,994,509 shares in the company, valued at $780,309,155.22. This trade represents a 3.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marc Benioff sold 122 shares of Salesforce stock in a transaction dated Monday, November 3rd. The stock was 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 owned 11,911,571 shares of the company’s stock, valued at $3,085,096,889. The trade was a 0.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 175,284 shares of company stock worth $41,648,819. Company insiders own 3.00% of the company’s stock.

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.