Simmons Bank Has $9.35 Million Stake in Salesforce Inc. $CRM

Simmons Bank trimmed its position in shares of Salesforce Inc. (NYSE:CRM) by 1.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 34,284 shares of the CRM provider’s stock after selling 372 shares during the period. Simmons Bank’s holdings in Salesforce were worth $9,349,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CRM. Brighton Jones LLC lifted its holdings in shares of Salesforce by 13.7% during the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after buying an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Salesforce by 12.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after buying an additional 205 shares during the last quarter. Bison Wealth LLC lifted its holdings in shares of Salesforce by 9.0% during the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after buying an additional 184 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Salesforce by 6.4% during the first quarter. Envestnet Asset Management Inc. now owns 1,589,450 shares of the CRM provider’s stock worth $426,545,000 after purchasing an additional 95,957 shares during the period. Finally, Capital Advisors Inc. OK boosted its position in Salesforce by 11.1% during the first quarter. Capital Advisors Inc. OK now owns 873 shares of the CRM provider’s stock worth $234,000 after purchasing an additional 87 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Trading Down 2.6%

Shares of Salesforce stock opened at $254.54 on Wednesday. The company’s fifty day simple moving average is $247.99 and its 200-day simple moving average is $258.30. The company has a market cap of $242.32 billion, a price-to-earnings ratio of 37.00, a PEG ratio of 2.11 and a beta of 1.19. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. Salesforce’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company posted $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. As a group, sell-side analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were paid a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce’s dividend payout ratio is presently 24.13%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Robert W. Baird decreased their target price on Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. Oppenheimer decreased their target price on Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a research report on Tuesday, August 26th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $325.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Northland Securities lowered Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price objective on the stock. in a research note on Tuesday, October 14th. Finally, Macquarie reiterated a “neutral” rating and issued a $250.00 price objective on shares of Salesforce in a research note on Thursday, October 16th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $325.23.

Insiders Place Their Bets

In other news, Director David Blair Kirk bought 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director 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 purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $251.66, for a total value of $566,235.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $2,997,665,957.86. The trade was a 0.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 76,622 shares of company stock valued at $18,858,631 over the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

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.