63,093 Shares in Salesforce Inc. $CRM Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in Salesforce Inc. (NYSE:CRM) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 63,093 shares of the CRM provider’s stock, valued at approximately $11,778,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Temasek Holdings Private Ltd boosted its position in shares of Salesforce by 3.7% during the 4th 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 during the last quarter. SFE Investment Counsel increased its position in Salesforce by 82.7% during the fourth 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 during the last quarter. Van ECK Associates Corp raised its stake in Salesforce by 8.9% during the third quarter. Van ECK Associates Corp now owns 1,299,513 shares of the CRM provider’s stock worth $307,984,000 after purchasing an additional 106,107 shares during the period. Eminence Capital LP raised its stake in Salesforce by 5.6% during the third quarter. Eminence Capital LP now owns 830,536 shares of the CRM provider’s stock worth $196,837,000 after purchasing an additional 43,888 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in Salesforce in the 4th quarter valued at about $997,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce News Roundup

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Guggenheim upgraded Salesforce to Buy and argued the stock’s recent weakness offers a better buying opportunity, helping fuel a rebound in CRM shares. Salesforce Will Face AI Disruption but Stock Still Gets an Upgrade to Buy
• Positive Sentiment: Analysts highlighted Salesforce’s Data 360 momentum, AI-driven recurring revenue growth, and potential Informatica synergies as reasons fiscal 2027 revenue growth could improve. Can Salesforce’s Data 360 Momentum Drive Stronger FY27 Growth?
• Positive Sentiment: Citizens reiterated a Market Outperform rating after Salesforce’s Fin acquisition and Agentforce expansion, reinforcing the bullish AI/productivity narrative. Citizens Reiterates Market Outperform Rating on Salesforce (CRM) Following Fin Acquisition and Agentforce Expansion
• Neutral Sentiment: Several articles noted that Salesforce remains a popular analyst consensus pick, with a “Moderate Buy” view broadly still in place. Salesforce Inc. (NYSE:CRM) Given Consensus Recommendation of “Moderate Buy” by Analysts
• Negative Sentiment: Despite the upgrade-driven bounce, Salesforce has still been hit by heavy recent selling, with coverage noting it fell more than 10% over the past month and lost over 25% in June, underscoring investor concern about the pace of growth. Salesforce (CRM) Down More Than 10% Over the Past Month, Here’s What You Need to Know
• Negative Sentiment: Some commentary suggested AI expectations may be getting ahead of fundamentals, with analysts debating whether Salesforce’s valuation still fully reflects slower near-term growth. Salesforce (CRM) Stock Sees Modest Fair Value Cut As Analysts Debate AI Growth

Salesforce Stock Up 1.7%

Salesforce stock opened at $165.94 on Friday. The company has a market capitalization of $135.90 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 1.02 and a beta of 1.18. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $276.80. The firm has a 50 day moving average price of $173.71 and a 200 day moving average price of $197.94.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping 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 company had revenue of $11.13 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same period in the prior year, the firm earned $2.58 earnings per share. The firm’s revenue was up 13.3% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Research analysts expect that Salesforce Inc. will post 10.29 earnings per share for the current year.

Salesforce announced that its Board of Directors has initiated a stock buyback program on Monday, March 16th that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the CRM provider to buy up to 14.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

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. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, June 11th. Salesforce’s dividend payout ratio (DPR) is 20.37%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CRM. B. Riley Financial increased their price target on shares of Salesforce from $205.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Bank of America started coverage on Salesforce in a report on Monday, May 18th. They issued an “underperform” rating and a $160.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating on shares of Salesforce in a research report on Tuesday, June 16th. The Goldman Sachs Group started coverage on Salesforce in a research note on Thursday, June 18th. They set a “neutral” rating for the company. Finally, Sanford C. Bernstein reduced their target price on Salesforce from $194.00 to $173.00 and set an “underperform” rating on the stock in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $254.42.

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.