83,575 Shares in Salesforce Inc. $CRM Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Salesforce Inc. (NYSE:CRM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 83,575 shares of the CRM provider’s stock, valued at approximately $13,093,000.

Several other institutional investors also recently bought and sold shares of CRM. Commonwealth Retirement Investments LLC acquired a new position in shares of Salesforce during the fourth quarter worth $25,000. Gilpin Wealth Management LLC acquired a new stake in shares of Salesforce in the 4th quarter worth $26,000. Persistent Asset Partners Ltd acquired a new stake in shares of Salesforce in the 2nd quarter worth $27,000. Costello Asset Management INC grew its stake in Salesforce by 410.3% during the 1st quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock worth $28,000 after buying an additional 119 shares during the last quarter. Finally, Gables Capital Management Inc. purchased a new position in Salesforce during the 2nd quarter worth $28,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Stock Performance

Shares of CRM opened at $205.74 on Wednesday. The stock has a 50-day moving average of $176.11 and a two-hundred day moving average of $181.49. Salesforce Inc. has a one year low of $146.32 and a one year high of $269.11. 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 $168.50 billion, a P/E ratio of 23.81, a P/E/G ratio of 1.13 and a beta of 1.16.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.13 by $0.75. The business had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.05 billion. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.58 EPS. As a group, research analysts predict that Salesforce Inc. will post 10.27 EPS for the current year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 11th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.9%. Salesforce’s payout ratio is 20.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CRM shares. Morgan Stanley reiterated an “equal weight” rating and issued a $185.00 price target (down from $287.00) on shares of Salesforce in a research note on Tuesday, July 21st. Susquehanna started coverage on Salesforce in a research note on Wednesday, July 1st. They set a “neutral” rating on the stock. Canaccord Genuity Group restated a “buy” rating and set a $225.00 price objective on shares of Salesforce in a report on Tuesday. Macquarie Infrastructure decreased their price objective on shares of Salesforce from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Thursday, May 28th. Finally, Barclays upgraded shares of Salesforce from an “overweight” rating to an “overweight” rating in a research note on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Salesforce has an average rating of “Moderate Buy” and a consensus target price of $248.72.

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Analysts continue to see upside: Canaccord Genuity reaffirmed a “buy” rating with a $225 price target, Citizens JMP maintained “market outperform” with a $315 target, and BTIG reiterated “buy” with a $255 target. These targets imply that the recent pullback has created potential valuation upside. Analyst rating updates
• Positive Sentiment: Agentforce adoption and Salesforce’s expanding AI ecosystem are expected to support subscription growth. New integrations from ZoomInfo and Agiloft on the AgentExchange marketplace also suggest that third-party developers are increasingly using Salesforce and Slack AI workflows, strengthening the company’s platform moat. CRM Q2 earnings preview AgentExchange ecosystem
• Neutral Sentiment: Jefferies expects an in-line fiscal second quarter. Its survey of 20 Salesforce partners was moderately encouraging, with 70% reporting results at or above plan, but investors are likely to focus more heavily on management’s second-half growth outlook and Agentforce monetization. Jefferies Salesforce outlook
• Negative Sentiment: The earnings setup leaves little room for disappointment: Salesforce is expected to post roughly 10.6% revenue growth, while analysts want evidence that slower sales growth is reaccelerating. The stock is also testing technical resistance near $210, and broader caution toward technology shares may be limiting buying ahead of the report.

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.