Yarbrough Capital LLC Reduces Stock Holdings in Salesforce Inc. $CRM

Yarbrough Capital LLC lowered its stake in shares of Salesforce Inc. (NYSE:CRM) by 48.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 33,516 shares of the CRM provider’s stock after selling 31,467 shares during the quarter. Yarbrough Capital LLC’s holdings in Salesforce were worth $7,943,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CRM. Painted Porch Advisors LLC raised its stake in shares of Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after acquiring an additional 65 shares during the period. Evolution Wealth Management Inc. purchased a new position in shares of Salesforce during the 2nd quarter worth about $27,000. CBIZ Investment Advisory Services LLC grew its holdings in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 85 shares during the last quarter. Christopher J. Hasenberg Inc raised its position in Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after purchasing an additional 92 shares during the period. Finally, Maseco LLP bought a new stake in Salesforce in the second quarter worth about $34,000. 80.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CRM. Bank of America cut their target price on Salesforce from $325.00 to $305.00 and set a “buy” rating on the stock in a research note on Monday, November 17th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a research report on Tuesday, December 2nd. BTIG Research initiated coverage on Salesforce in a research report on Tuesday, December 16th. They set a “buy” rating and a $335.00 target price for the company. Wedbush restated an “outperform” rating and issued a $375.00 price target on shares of Salesforce in a report on Thursday, December 4th. Finally, UBS Group reaffirmed a “neutral” rating and issued 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 issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Salesforce has an average rating of “Moderate Buy” and a consensus price target of $326.68.

Insiders Place Their Bets

In other Salesforce news, Director David Blair Kirk purchased 1,936 shares of the stock in a transaction on Wednesday, December 17th. The stock was acquired at an average price of $258.64 per share, with a total value of $500,727.04. Following the completion of the acquisition, the director owned 10,677 shares in the company, valued at $2,761,499.28. The trade was a 22.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director G Mason Morfit acquired 96,000 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were bought at an average price of $260.58 per share, for a total transaction of $25,015,680.00. Following the acquisition, the director owned 2,994,509 shares of the company’s stock, valued at approximately $780,309,155.22. This represents a 3.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 161,784 shares of company stock worth $38,357,182 over the last quarter. Company insiders own 3.00% of the company’s stock.

Salesforce Stock Performance

CRM stock opened at $264.78 on Thursday. Salesforce Inc. has a one year low of $221.96 and a one year high of $367.09. The firm has a market cap of $248.10 billion, a price-to-earnings ratio of 35.35, a PEG ratio of 1.98 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. The firm has a 50-day simple moving average of $249.61 and a two-hundred day simple moving average of $251.65.

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

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th will be issued a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, December 18th. Salesforce’s dividend payout ratio is currently 22.16%.

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.