Salesforce Inc. $CRM Shares Bought by Signature Equity Partners LLC

Signature Equity Partners LLC raised its position in shares of Salesforce Inc. (NYSE:CRMFree Report) by 145.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 5,200 shares of the CRM provider’s stock after buying an additional 3,082 shares during the period. Signature Equity Partners LLC’s holdings in Salesforce were worth $971,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Temasek Holdings Private Ltd raised its stake in shares of Salesforce by 3.7% in the fourth quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock valued at $181,143,000 after acquiring an additional 24,332 shares in the last quarter. SFE Investment Counsel grew its stake in Salesforce by 82.7% during the 4th quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider’s stock worth $4,608,000 after purchasing an additional 7,871 shares in the last quarter. Secured Retirement Advisors LLC acquired a new position in Salesforce during the 1st quarter worth $1,004,000. Hilton Head Capital Partners LLC purchased a new stake in Salesforce during the 4th quarter worth about $997,000. Finally, Independent Franchise Partners LLP purchased a new stake in Salesforce during the 4th quarter worth about $142,521,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CRM shares. Needham & Company LLC reiterated a “buy” rating on shares of Salesforce in a research note on Tuesday, June 16th. B. Riley Financial upped their target price on shares of Salesforce from $205.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Wall Street Zen upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Barclays raised shares of Salesforce from an “overweight” rating to an “overweight” rating in a report on Thursday, June 18th. Finally, Bank of America initiated coverage on shares of Salesforce in a report on Monday, May 18th. They set an “underperform” rating and a $160.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and an average price target of $249.51.

Read Our Latest Stock Report on Salesforce

Salesforce Stock Down 3.9%

Shares of NYSE CRM opened at $163.37 on Thursday. The business has a 50-day moving average of $170.50 and a two-hundred day moving average of $188.64. The company has a market capitalization of $133.80 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 0.92 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.

Salesforce (NYSE:CRMGet Free Report) last released its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The business had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter in the prior year, the business posted $2.58 EPS. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. On average, analysts forecast that Salesforce Inc. will post 10.29 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 11th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, June 11th. Salesforce’s dividend payout ratio is 20.37%.

Trending Headlines about Salesforce

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Salesforce Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Salesforce (NYSE:CRM)

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