Parr Mcknight Wealth Management Group LLC grew its holdings in shares of Salesforce Inc. (NYSE:CRM – Free Report) by 305.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,807 shares of the CRM provider’s stock after purchasing an additional 8,144 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in Salesforce were worth $2,017,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. Byrne Asset Management LLC lifted its stake in 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 in the last quarter. Fred Alger Management LLC lifted its holdings in Salesforce by 0.3% in the third quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock valued at $3,548,000 after acquiring an additional 45 shares during the last quarter. Fulcrum Asset Management LLP lifted its holdings in Salesforce by 1.7% in the third quarter. Fulcrum Asset Management LLP now owns 2,774 shares of the CRM provider’s stock valued at $657,000 after acquiring an additional 46 shares during the last quarter. Pine Haven Investment Counsel Inc grew its position in Salesforce by 1.5% in the fourth quarter. Pine Haven Investment Counsel Inc now owns 3,152 shares of the CRM provider’s stock worth $835,000 after acquiring an additional 46 shares during the period. Finally, Richards Merrill & Peterson Inc. increased its stake in Salesforce by 1.1% during the fourth quarter. Richards Merrill & Peterson Inc. now owns 4,239 shares of the CRM provider’s stock worth $1,123,000 after acquiring an additional 46 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on CRM shares. Scotiabank downgraded Salesforce from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, June 18th. Roth Capital reissued a “buy” rating and set a $325.00 price objective on shares of Salesforce in a research report on Thursday, May 28th. Bank of America initiated coverage on shares of Salesforce in a research report on Monday, May 18th. They issued an “underperform” rating and a $160.00 target price on the stock. Raymond James Financial lowered shares of Salesforce from a “strong-buy” rating to a “moderate buy” rating in a research note on Wednesday, July 1st. Finally, Wolfe Research cut shares of Salesforce from an “outperform” rating to a “hold” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and a consensus target price of $254.42.
Salesforce News Summary
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment: Salesforce announced a $1 billion investment in Switzerland over five years to expand adoption of agentic AI, reinforcing its commitment to AI-led growth and potentially strengthening its international enterprise relationships.
- Positive Sentiment: A bullish deep-dive argued Salesforce is trading at a depressed valuation, with strong free-cash-flow generation and a large debt-funded buyback that reduced share count by more than 10%, signaling management confidence in the business.
- Neutral Sentiment: Salesforce also unveiled MCP-powered capabilities for Slackbot, which could improve product usefulness and customer engagement, but the market may need proof that these features translate into faster growth.
- Neutral Sentiment: Triveni Power Transmission’s partnership with Salesforce for customer engagement in manufacturing adds another example of industry adoption, though the near-term financial impact appears limited.
- Negative Sentiment: KeyBanc’s downgrade and slightly lower earnings forecast added to investor skepticism that Agentforce will become a major growth catalyst soon.
- Negative Sentiment: Several market commentaries highlighted that CRM has been a weak performer over the past year, and the recent pullback suggests investors remain cautious despite its lower valuation.
Salesforce Stock Up 0.0%
Shares of NYSE:CRM opened at $163.34 on Monday. The firm has a market capitalization of $133.77 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $274.00. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. The firm’s 50-day moving average is $171.89 and its two-hundred day moving average is $194.02.
Salesforce (NYSE:CRM – Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, beating the consensus estimate of $3.13 by $0.75. The business had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.58 earnings per share. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Analysts predict that Salesforce Inc. will post 10.29 EPS for the current year.
Salesforce Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were paid a $0.44 dividend. The ex-dividend date was Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. Salesforce’s payout ratio is 20.37%.
Salesforce declared that its board has initiated a share buyback plan on Monday, March 16th that authorizes the company to repurchase $25.00 billion in shares. This repurchase authorization authorizes the CRM provider to repurchase up to 14.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is 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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