181,654 Shares in Salesforce Inc. $CRM Purchased by DJE Kapital AG

DJE Kapital AG purchased a new stake in shares of Salesforce Inc. (NYSE:CRM) during the 1st quarter, Holdings Channel.com reports. The fund purchased 181,654 shares of the CRM provider’s stock, valued at approximately $33,636,000.

Several other institutional investors have also added to or reduced their stakes in the company. Byrne Asset Management LLC grew its stake in shares of Salesforce by 1.0% during the fourth quarter. Byrne Asset Management LLC now owns 4,331 shares of the CRM provider’s stock valued at $1,147,000 after buying an additional 43 shares during the last quarter. Fred Alger Management LLC raised its holdings in shares of Salesforce by 0.3% in the third quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock worth $3,548,000 after buying an additional 45 shares during the period. Richards Merrill & Peterson Inc. lifted its stake in shares of Salesforce by 1.1% during the 4th 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. Wright Investors Service Inc. boosted its holdings in Salesforce by 0.8% during the 4th quarter. Wright Investors Service Inc. now owns 6,186 shares of the CRM provider’s stock valued at $1,639,000 after acquiring an additional 47 shares during the period. Finally, Shum Financial Group Inc. boosted its holdings in Salesforce by 1.1% during the 4th quarter. Shum Financial Group Inc. now owns 4,236 shares of the CRM provider’s stock valued at $1,122,000 after acquiring an additional 48 shares during the period. Institutional investors own 80.43% of the company’s stock.

Salesforce Stock Up 1.8%

NYSE:CRM opened at $173.82 on Tuesday. 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 $146.32 and a 1-year high of $274.00. The company has a 50-day moving average of $170.57 and a 200 day moving average of $190.02. The firm has a market cap of $142.36 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 0.92 and a beta of 1.18.

Salesforce (NYSE:CRM) last posted its earnings results 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 net margin of 18.73% and a return on equity of 18.72%. The business had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter last year, the firm posted $2.58 EPS. The company’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. As a group, research analysts anticipate that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently disclosed 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. This represents a $1.76 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 11th. Salesforce’s dividend payout ratio (DPR) is presently 20.37%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CRM. Phillip Securities lowered Salesforce from a “buy” rating to a “hold” rating and reduced their target price for the stock from $253.00 to $166.00 in a research note on Monday, June 29th. Daiwa Securities Group lowered their target price on shares of Salesforce from $295.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 2nd. Wolfe Research cut shares of Salesforce from an “outperform” rating to a “hold” rating in a report on Wednesday, July 1st. Raymond James Financial downgraded shares of Salesforce from a “strong-buy” rating to a “moderate buy” rating in a research note on Wednesday, July 1st. Finally, Guggenheim upgraded shares of Salesforce from a “neutral” rating to a “buy” rating and set a $228.00 price objective for the company in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $252.13.

About Salesforce

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.