Coordinated Financial Services Inc. Makes New $234,000 Investment in Salesforce Inc. $CRM

Coordinated Financial Services Inc. acquired a new stake in Salesforce Inc. (NYSE:CRM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 857 shares of the CRM provider’s stock, valued at approximately $234,000.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Salesforce by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after acquiring an additional 1,383,942 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Salesforce by 6.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock valued at $2,484,616,000 after acquiring an additional 600,386 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Salesforce by 5.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock worth $2,419,037,000 after buying an additional 437,435 shares during the last quarter. Nuveen LLC purchased a new position in Salesforce during the 1st quarter worth approximately $2,039,196,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Salesforce by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider’s stock worth $1,707,316,000 after buying an additional 295,681 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Stock Down 1.3%

Salesforce stock opened at $242.11 on Friday. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The stock has a 50 day moving average of $244.68 and a two-hundred day moving average of $258.93. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $230.49 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 2.12 and a beta of 1.19.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share 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 company had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the firm earned $2.56 EPS. The firm’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, research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The firm also recently declared 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 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is currently 24.13%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Morgan Stanley raised their price target on Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Bank of America dropped their price target on Salesforce from $350.00 to $325.00 and set a “buy” rating on the stock in a research note on Tuesday, August 26th. Roth Capital restated a “buy” rating and set a $395.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Needham & Company LLC restated a “buy” rating and set a $400.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $325.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Twenty-six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and an average target price of $331.89.

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $239.79, for a total value of $539,527.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,856,275,610.09. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 78,750 shares of company stock valued at $19,634,805. 3.00% of the stock is owned by company 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.