Groupe la Francaise Has $865,000 Stake in Salesforce Inc. $CRM

Groupe la Francaise lowered its stake in shares of Salesforce Inc. (NYSE:CRM) by 90.7% in the second quarter, Holdings Channel reports. The firm owned 5,701 shares of the CRM provider’s stock after selling 55,764 shares during the period. Groupe la Francaise’s holdings in Salesforce were worth $865,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Salesforce in the second quarter valued at approximately $48,110,000. California State Teachers Retirement System boosted its holdings in Salesforce by 13,260.5% during the second quarter. California State Teachers Retirement System now owns 188,085,056 shares of the CRM provider’s stock valued at $29,465,405,000 after acquiring an additional 186,677,290 shares during the period. DMC Group LLC boosted its holdings in Salesforce by 43.5% during the second quarter. DMC Group LLC now owns 2,457 shares of the CRM provider’s stock valued at $385,000 after acquiring an additional 745 shares during the period. Ameritas Advisory Services LLC grew its position in shares of Salesforce by 154.9% in the second quarter. Ameritas Advisory Services LLC now owns 11,477 shares of the CRM provider’s stock valued at $1,798,000 after purchasing an additional 6,974 shares during the last quarter. Finally, Guardian Wealth Advisors LLC NC grew its position in shares of Salesforce by 7.7% in the second quarter. Guardian Wealth Advisors LLC NC now owns 4,412 shares of the CRM provider’s stock valued at $691,000 after purchasing an additional 317 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Performance

Shares of NYSE CRM opened at $249.03 on Wednesday. The firm has a market capitalization of $204.95 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 1.20 and a beta of 1.20. Salesforce Inc. has a one year low of $146.32 and a one year high of $269.11. The business has a fifty day simple moving average of $195.74 and a 200 day simple moving average of $185.92. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $2.63. The firm had revenue of $11.35 billion for the quarter, compared to analyst estimates of $11.33 billion. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.91 EPS. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Sell-side analysts expect that Salesforce Inc. will post 12.65 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, September 17th. Salesforce’s dividend payout ratio is 16.04%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Argus boosted their price objective on Salesforce from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, August 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Salesforce in a research report on Thursday, August 27th. Royal Bank Of Canada upped their price target on Salesforce from $210.00 to $250.00 and gave the stock a “sector perform” rating in a report on Thursday, August 27th. Citigroup increased their price objective on Salesforce from $204.00 to $233.00 and gave the company a “neutral” rating in a research report on Thursday, August 27th. Finally, KeyCorp lowered shares of Salesforce from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.50.

Insider Buying and Selling

In other Salesforce news, Director Craig Conway sold 4,500 shares of Salesforce stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the sale, the director directly owned 5,437 shares of the company’s stock, valued at approximately $1,416,936.57. The trade was a 45.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is currently owned by corporate insiders.

Salesforce Profile

Salesforce, Inc is a cloud-based software company that provides customer relationship management (CRM) technology and related enterprise applications. Its platform helps organizations manage sales, customer service, marketing, commerce, data analytics and business operations through subscription-based software and cloud services.

The company’s product portfolio includes Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Data Cloud and the Salesforce Platform. Salesforce also offers Slack for workplace collaboration, Tableau for data visualization and analytics, MuleSoft for application integration, and artificial intelligence capabilities, including its Agentforce platform for building and deploying AI agents.

Founded in 1999, Salesforce is headquartered in San Francisco, California, and serves businesses and organizations across a broad range of industries and geographic markets worldwide.