NBH Bank Acquires New Holdings in Salesforce Inc. $CRM

NBH Bank bought a new position in Salesforce Inc. (NYSE:CRM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,872 shares of the CRM provider’s stock, valued at approximately $450,000.

A number of other large investors have also recently added to or reduced their stakes in CRM. BlackRock Inc. bought a new position in shares of Salesforce in the second quarter valued at approximately $11,396,844,000. J. Stern & Co. LLP boosted its holdings in shares of Salesforce by 24,056.7% during the 4th quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock worth $12,552,896,000 after buying an additional 47,189,352 shares during the period. Bank of America Corp DE acquired a new position in Salesforce in the 2nd quarter valued at $1,914,086,000. Norges Bank acquired a new position in Salesforce in the 4th quarter valued at $3,182,951,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Salesforce by 130.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock worth $2,363,096,000 after acquiring an additional 7,160,302 shares during the period. Institutional investors own 80.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CRM. Royal Bank Of Canada boosted their target price on shares of Salesforce from $210.00 to $250.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 27th. UBS Group lifted their price objective on Salesforce from $210.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, August 27th. Guggenheim reiterated a “buy” rating and issued a $228.00 price objective on shares of Salesforce in a research note on Thursday, August 27th. Wall Street Zen cut Salesforce from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, TD Cowen increased their target price on Salesforce from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and an average target price of $266.50.

Salesforce Stock Performance

NYSE CRM opened at $259.39 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $213.48 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 1.20 and a beta of 1.20. The company’s fifty day moving average is $191.88 and its two-hundred day moving average is $185.00. Salesforce Inc. has a 52-week low of $146.32 and a 52-week high of $269.11.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $2.63. The company had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.33 billion. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The business’s revenue was up 10.8% compared to the same quarter last year. 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. Equities research analysts forecast that Salesforce Inc. will post 12.65 EPS for the current year.

Salesforce Dividend Announcement

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

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: AI growth is becoming material: Agentforce and Data 360 annual recurring revenue reached nearly $3.9 billion, up more than 210% year over year. Agentforce ARR exceeded $1.5 billion and grew more than 240%, supporting the view that Salesforce is successfully monetizing artificial intelligence. Salesforce Grew Agentforce and Data 360 ARR More Than 200%
• Positive Sentiment: Analyst support remains strong: Cantor Fitzgerald raised its Salesforce price target to $300, while BTIG reaffirmed its “Buy” rating and said it is increasingly confident in improving business trends. Cantor Fitzgerald Raises Salesforce Price Target
• Positive Sentiment: Shareholder returns: Salesforce declared a quarterly cash dividend of $0.44 per share, payable October 8 to shareholders of record September 17. The dividend provides a modest income component and signals continued confidence in cash generation. Salesforce Announces Quarterly Dividend

Insider Buying and Selling

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

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.