MV Capital Management Inc. bought a new position in shares of Salesforce Inc. (NYSE:CRM – Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 13,392 shares of the CRM provider’s stock, valued at approximately $3,548,000.
Other hedge funds also recently added to or reduced their stakes in the company. Commonwealth Retirement Investments LLC acquired a new stake in shares of Salesforce in the fourth quarter valued at $25,000. Board of the Pension Protection Fund acquired a new position in Salesforce during the 4th quarter worth $26,000. Key Capital Management INC purchased a new stake in Salesforce during the 4th quarter worth about $26,000. Gilpin Wealth Management LLC acquired a new stake in Salesforce in the 4th quarter valued at about $26,000. Finally, Legacy Bridge LLC purchased a new position in shares of Salesforce in the 4th quarter valued at about $27,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
CRM has been the subject of a number of analyst reports. Barclays raised Salesforce from an “overweight” rating to an “overweight” rating in a research report on Thursday. UBS Group reissued a “neutral” rating on shares of Salesforce in a research report on Tuesday. Stifel Nicolaus decreased their price objective on shares of Salesforce from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. BTIG Research reissued a “buy” rating and issued a $255.00 target price on shares of Salesforce in a report on Tuesday, May 26th. Finally, DA Davidson decreased their price target on Salesforce from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.61.
Key Headlines Impacting Salesforce
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment: Monness Crespi & Hardt upgraded Salesforce to buy from neutral and set a $200 price target, citing valuation appeal and potential AI-driven upside. Read More
- Positive Sentiment: Truist reiterated confidence in Salesforce after its $3.6 billion Fin acquisition, viewing the deal as another step in expanding its AI automation and customer-agent capabilities. Article Title
- Positive Sentiment: Multiple articles highlighted Salesforce as a long-term growth stock, with analysts pointing to its AI platform, Agentforce, and ongoing product expansion as reasons for optimism. Article Title
- Neutral Sentiment: Salesforce’s latest AI and acquisition story continues to attract attention, including coverage of the Fin deal and a new partnership announcement, which could support the long-term growth narrative if execution remains strong. Article Title
- Negative Sentiment: Other commentary remained cautious, with UBS keeping a neutral rating and some analysts cutting fair value estimates amid questions about AI monetization, unit economics, and growth reacceleration. Article Title
- Negative Sentiment: A comparison piece against Oracle underscored that Salesforce’s recent earnings and outlook have not been viewed as strongly as some peers, reinforcing investor concern about near-term performance versus other software names. Article Title
Salesforce Price Performance
Shares of CRM opened at $151.67 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. Salesforce Inc. has a 1-year low of $149.80 and a 1-year high of $276.80. The stock has a market cap of $124.22 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 0.97 and a beta of 1.16. The firm has a fifty day moving average price of $177.91 and a 200 day moving average price of $204.72.
Salesforce (NYSE:CRM – Get Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same quarter last year, the company posted $2.58 earnings per share. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. As a group, sell-side analysts anticipate that Salesforce Inc. will post 10.29 EPS for the current year.
Salesforce Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Thursday, June 11th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, June 11th. Salesforce’s dividend payout ratio (DPR) is currently 20.37%.
Salesforce announced that its board has authorized a stock buyback plan on Monday, March 16th that permits the company to repurchase $25.00 billion in shares. This repurchase authorization permits the CRM provider to purchase up to 14.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
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.
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