Salesforce Inc. $CRM Stock Position Raised by Lingohr Asset Management GmbH

Lingohr Asset Management GmbH increased its holdings in shares of Salesforce Inc. (NYSE:CRM) by 2,469.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,802 shares of the CRM provider’s stock after buying an additional 25,759 shares during the quarter. Salesforce accounts for approximately 1.5% of Lingohr Asset Management GmbH’s holdings, making the stock its 24th biggest position. Lingohr Asset Management GmbH’s holdings in Salesforce were worth $6,352,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CRM. Evolution Wealth Management Inc. acquired a new position in Salesforce in the second quarter worth approximately $27,000. Marquette Asset Management LLC bought a new position in shares of Salesforce in the third quarter valued at approximately $26,000. Spurstone Advisory Services LLC acquired a new stake in shares of Salesforce in the second quarter worth $34,000. Quaker Wealth Management LLC lifted its stake in shares of Salesforce by 208.6% in the second quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock worth $34,000 after buying an additional 242 shares during the last quarter. Finally, Country Trust Bank boosted its holdings in shares of Salesforce by 658.8% during the 2nd quarter. Country Trust Bank now owns 129 shares of the CRM provider’s stock worth $35,000 after buying an additional 112 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Performance

Shares of CRM stock opened at $212.10 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.14. The company’s fifty day simple moving average is $246.78 and its 200-day simple moving average is $247.52. The firm has a market cap of $198.74 billion, a PE ratio of 28.32, a P/E/G ratio of 1.60 and a beta of 1.26. Salesforce Inc. has a 12 month low of $208.78 and a 12 month high of $349.50.

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

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were issued a dividend of $0.416 per share. The ex-dividend date was Thursday, December 18th. This represents a $1.66 dividend on an annualized basis and a yield of 0.8%. Salesforce’s dividend payout ratio (DPR) is presently 22.16%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CRM. Stifel Nicolaus cut their price objective on Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. Truist Financial dropped their price objective on Salesforce from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, December 4th. The Goldman Sachs Group started coverage on Salesforce in a research report on Monday, January 12th. They set a “buy” rating and a $330.00 price target on the stock. Cantor Fitzgerald reiterated an “overweight” rating on shares of Salesforce in a research report on Thursday, December 4th. Finally, UBS Group reissued a “neutral” rating and set a $260.00 price target on shares of Salesforce in a research note on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and an average target price of $324.51.

Insiders Place Their Bets

In other news, Director G Mason Morfit acquired 96,000 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were purchased at an average cost of $260.58 per share, with a total value of $25,015,680.00. Following the acquisition, the director directly owned 2,994,509 shares in the company, valued at $780,309,155.22. This represents a 3.31% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Neelie Kroes sold 3,893 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $238.70, for a total transaction of $929,259.10. Following the transaction, the director directly owned 7,299 shares in the company, valued at approximately $1,742,271.30. This represents a 34.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 138,677 shares of company stock worth $32,566,029 in the last quarter. Company insiders own 3.00% of the company’s stock.

Salesforce Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.