UniSuper Management Pty Ltd raised its position in Salesforce Inc. (NYSE:CRM – Free Report) by 3.8% in the 4th quarter, Holdings Channel reports. The fund owned 746,453 shares of the CRM provider’s stock after acquiring an additional 27,229 shares during the period. Salesforce accounts for approximately 1.2% of UniSuper Management Pty Ltd’s holdings, making the stock its 14th biggest position. UniSuper Management Pty Ltd’s holdings in Salesforce were worth $197,743,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in CRM. Byrne Asset Management LLC grew its stake in shares of Salesforce by 1.0% in the 4th quarter. Byrne Asset Management LLC now owns 4,331 shares of the CRM provider’s stock worth $1,147,000 after purchasing an additional 43 shares during the last quarter. Mathes Company Inc. grew its stake in shares of Salesforce by 0.4% in the 3rd quarter. Mathes Company Inc. now owns 12,558 shares of the CRM provider’s stock worth $2,976,000 after purchasing an additional 45 shares during the last quarter. Fred Alger Management LLC grew its stake in shares of Salesforce by 0.3% in the 3rd quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock worth $3,548,000 after purchasing an additional 45 shares during the last quarter. Beacon Capital Management LLC grew its stake in shares of Salesforce by 3.5% in the 3rd quarter. Beacon Capital Management LLC now owns 1,372 shares of the CRM provider’s stock worth $325,000 after purchasing an additional 46 shares during the last quarter. Finally, Fulcrum Asset Management LLP grew its stake in shares of Salesforce by 1.7% in the 3rd quarter. Fulcrum Asset Management LLP now owns 2,774 shares of the CRM provider’s stock worth $657,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.
Salesforce Stock Performance
CRM stock opened at $166.81 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market cap of $136.61 billion, a P/E ratio of 19.31, a P/E/G ratio of 1.06 and a beta of 1.16. The firm has a 50 day simple moving average of $180.50 and a 200 day simple moving average of $207.18. Salesforce Inc. has a 52 week low of $163.31 and a 52 week high of $276.80.
Salesforce Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Thursday, June 11th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, June 11th. Salesforce’s dividend payout ratio (DPR) is currently 20.37%.
Salesforce announced that its board has initiated a share buyback plan on Monday, March 16th that allows the company to repurchase $25.00 billion in shares. This repurchase authorization allows the CRM provider to purchase up to 14.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on CRM shares. Wall Street Zen raised shares of Salesforce from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Piper Sandler cut shares of Salesforce from an “overweight” rating to a “neutral” rating in a report on Thursday, May 28th. HSBC raised their target price on shares of Salesforce from $350.00 to $356.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Wedbush reiterated an “outperform” rating and issued a $325.00 target price on shares of Salesforce in a report on Thursday, May 28th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 target price on shares of Salesforce in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce currently has an average rating of “Moderate Buy” and a consensus price target of $259.26.
Read Our Latest Stock Report on CRM
More Salesforce News
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment: Salesforce’s Agentforce annual recurring revenue has surged to $1.2 billion, up 205% year over year, suggesting its AI push is gaining real traction and could support longer-term growth. Salesforce’s AI Business Is Growing More Than 200%, but the Stock Is Near a 52-Week Low. Something Has to Give.
- Positive Sentiment: Salesforce’s acquisition of m3ter should help expand usage-based AI revenue by improving metering and billing for Agentforce and other AI products, which may open new monetization opportunities. Salesforce m3ter Deal Highlights Shift Toward Usage Based AI Revenue
- Positive Sentiment: Reports that Salesforce’s stake in Anthropic has risen to about $5 billion highlight its strategic exposure to a leading AI startup and reinforce the company’s commitment to AI investment. Salesforce’s Anthropic Stake Reportedly Reaches $5 Billion as AI Startup Eyes IPO, Bloomberg Reports
- Neutral Sentiment: TitanX expanded its Salesforce integration with automated phone intent scoring and contact enrichment, which is incremental ecosystem news but not likely to move CRM shares by itself. TitanX Expands Salesforce and HubSpot Integrations with Automated Phone Intent™ Scoring and Contact Enrichment
- Negative Sentiment: Several recent articles note that Salesforce stock is still sliding, near a 52-week low, and that investors remain skeptical despite AI growth, reflecting ongoing valuation and execution concerns. Our Salesforce Stock Pick Has Flopped. We’re Moving On.
- Negative Sentiment: Broader cloud-stock weakness, highlighted by Oracle’s sharp decline after earnings, is adding sector pressure that can weigh on Salesforce even when company-specific news is positive. Oracle Plunges 10% After Earnings, Salesforce Slips Near 52-Week Lows as Cloud Stocks Slide
Insider Activity at Salesforce
In related news, Director David Blair Kirk purchased 2,570 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was acquired at an average cost of $194.62 per share, for a total transaction of $500,173.40. Following the completion of the acquisition, the director owned 13,689 shares in the company, valued at $2,664,153.18. This trade represents a 23.11% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Laura Alber purchased 2,571 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were bought at an average price of $194.58 per share, with a total value of $500,265.18. Following the completion of the acquisition, the director owned 9,530 shares of the company’s stock, valued at $1,854,347.40. This trade represents a 36.94% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 3.50% of the company’s stock.
Salesforce Company 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.
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