AMI Asset Management Corp Decreases Stock Holdings in Salesforce Inc. $CRM

AMI Asset Management Corp trimmed its holdings in shares of Salesforce Inc. (NYSE:CRM) by 5.4% in the second quarter, HoldingsChannel.com reports. The fund owned 181,647 shares of the CRM provider’s stock after selling 10,356 shares during the period. Salesforce makes up 2.8% of AMI Asset Management Corp’s investment portfolio, making the stock its 13th largest position. AMI Asset Management Corp’s holdings in Salesforce were worth $49,533,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Warren Street Wealth Advisors LLC increased its position in shares of Salesforce by 8.8% during the second quarter. Warren Street Wealth Advisors LLC now owns 1,040 shares of the CRM provider’s stock valued at $284,000 after acquiring an additional 84 shares during the last quarter. Naples Global Advisors LLC increased its position in shares of Salesforce by 10.5% during the second quarter. Naples Global Advisors LLC now owns 14,501 shares of the CRM provider’s stock valued at $3,960,000 after acquiring an additional 1,381 shares during the last quarter. Pure Financial Advisors LLC increased its position in shares of Salesforce by 4.7% during the second quarter. Pure Financial Advisors LLC now owns 1,920 shares of the CRM provider’s stock valued at $524,000 after acquiring an additional 87 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Salesforce by 23.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,822,384 shares of the CRM provider’s stock valued at $496,946,000 after acquiring an additional 345,791 shares during the last quarter. Finally, BSW Wealth Partners increased its position in shares of Salesforce by 4.4% during the second quarter. BSW Wealth Partners now owns 4,078 shares of the CRM provider’s stock valued at $1,112,000 after acquiring an additional 170 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on CRM. Cantor Fitzgerald reissued an “overweight” rating and set a $325.00 price objective on shares of Salesforce in a report on Thursday, September 4th. Morgan Stanley increased their price objective on Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. JPMorgan Chase & Co. reduced their price objective on Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a report on Thursday, September 4th. Barclays reduced their price objective on Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a report on Monday, August 18th. Finally, Royal Bank Of Canada reduced their price objective on Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a report on Thursday, September 4th. Twenty-six analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $332.58.

Insider Buying and Selling at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Monday, September 29th. The stock was sold at an average price of $244.53, for a total transaction of $550,192.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,912,736,456.63. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Blair Kirk acquired 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were acquired at an average cost of $254.66 per share, with a total value of $865,844.00. Following the purchase, the director directly owned 3,824 shares of the company’s stock, valued at $973,819.84. This trade represents a 801.89% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 78,750 shares of company stock valued at $19,825,358 in the last three months. 3.00% of the stock is owned by corporate insiders.

Salesforce Price Performance

Salesforce stock opened at $235.72 on Thursday. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The business has a fifty day moving average price of $247.81 and a 200-day moving average price of $260.87. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $224.40 billion, a P/E ratio of 34.26, a PEG ratio of 2.16 and a beta of 1.19.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS 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 firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the company earned $2.56 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. 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 research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be paid a dividend of $0.416 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is currently 24.13%.

Salesforce Profile

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.