Aware Super Pty Ltd as trustee of Aware Super Makes New $21.60 Million Investment in Salesforce Inc. $CRM

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Salesforce Inc. (NYSE:CRM) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 115,735 shares of the CRM provider’s stock, valued at approximately $21,604,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CRM. Brighton Jones LLC grew its stake in shares of Salesforce by 13.7% in the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after acquiring an additional 3,102 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after acquiring an additional 205 shares in the last quarter. Bison Wealth LLC boosted its holdings in Salesforce by 9.0% in the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after purchasing an additional 184 shares during the period. Sivia Capital Partners LLC boosted its holdings in Salesforce by 3.7% in the second quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider’s stock valued at $807,000 after purchasing an additional 106 shares during the period. Finally, United Bank grew its stake in Salesforce by 5.2% during the 2nd quarter. United Bank now owns 10,198 shares of the CRM provider’s stock worth $2,781,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Stock Up 3.4%

Shares of NYSE CRM opened at $172.60 on Friday. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $274.00. The company has a market capitalization of $141.36 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 0.90 and a beta of 1.18. 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 business has a 50-day moving average of $170.85 and a two-hundred day moving average of $191.34.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.75. The business had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.05 billion. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned $2.58 EPS. 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders 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 yield of 1.0%. Salesforce’s dividend payout ratio (DPR) is presently 20.37%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CRM. Canaccord Genuity Group restated a “buy” rating and set a $225.00 price target on shares of Salesforce in a report on Tuesday, June 16th. UBS Group began coverage on Salesforce in a research note on Wednesday, July 1st. They issued an “overweight” rating for the company. Citizens Jmp reissued a “market outperform” rating and set a $315.00 price objective on shares of Salesforce in a research report on Thursday, May 28th. Daiwa Securities Group cut their target price on shares of Salesforce from $295.00 to $280.00 and set a “buy” rating on the stock in a research note on Tuesday, June 2nd. Finally, Weiss Ratings raised shares of Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Salesforce has an average rating of “Moderate Buy” and an average price target of $254.42.

Salesforce Company 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.