Roffman Miller Associates Inc. PA Acquires 7,892 Shares of Salesforce Inc. $CRM

Roffman Miller Associates Inc. PA increased its stake in Salesforce Inc. (NYSE:CRM) by 11.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 76,938 shares of the CRM provider’s stock after purchasing an additional 7,892 shares during the quarter. Roffman Miller Associates Inc. PA’s holdings in Salesforce were worth $20,980,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of Salesforce during the first quarter worth about $2,039,196,000. Longview Partners Guernsey LTD purchased a new position in shares of Salesforce in the first quarter worth $467,944,000. Pacer Advisors Inc. boosted its position in shares of Salesforce by 1,744.0% during the first quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after acquiring an additional 1,721,550 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Salesforce by 1.6% during the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after acquiring an additional 1,383,942 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new position in Salesforce during the first quarter valued at $345,100,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

CRM has been the topic of several research analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $315.00 price target on shares of Salesforce in a research note on Thursday, October 16th. Morgan Stanley boosted their target price on Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Citigroup raised their price target on Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a report on Tuesday, September 9th. UBS Group reduced their price objective on Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a research note on Monday, August 18th. Finally, Macquarie reiterated a “neutral” rating and set a $250.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $325.23.

Salesforce Price Performance

Shares of Salesforce stock opened at $261.32 on Tuesday. The stock has a market cap of $248.78 billion, a price-to-earnings ratio of 37.98, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. 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 stock has a 50 day moving average price of $247.79 and a 200-day moving average price of $258.25. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last 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. Equities analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

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

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $255.30, for a total transaction of $574,425.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $3,041,024,076.30. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David Blair Kirk purchased 3,400 shares of Salesforce stock in a transaction dated Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the acquisition, the director owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This trade represents a 801.89% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have sold 78,750 shares of company stock valued at $19,385,933. 3.00% of the stock is owned by corporate insiders.

Salesforce Company 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.