Salesforce Inc. $CRM Stock Position Lifted by Osborne Partners Capital Management LLC

Osborne Partners Capital Management LLC lifted its position in Salesforce Inc. (NYSE:CRM) by 13.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 75,771 shares of the CRM provider’s stock after acquiring an additional 9,133 shares during the period. Osborne Partners Capital Management LLC’s holdings in Salesforce were worth $14,144,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in CRM. J. Stern & Co. LLP lifted its stake in Salesforce by 24,056.7% during the fourth quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock worth $12,552,896,000 after purchasing an additional 47,189,352 shares during the last quarter. Norges Bank bought a new stake in Salesforce during the fourth quarter valued at $3,182,951,000. Capital World Investors raised its holdings in shares of Salesforce by 159.0% during the third quarter. Capital World Investors now owns 17,325,206 shares of the CRM provider’s stock worth $4,106,255,000 after purchasing an additional 10,636,161 shares during the period. Cardano Risk Management B.V. lifted its position in shares of Salesforce by 924.7% in the 4th quarter. Cardano Risk Management B.V. now owns 3,883,610 shares of the CRM provider’s stock worth $1,028,807,000 after buying an additional 3,504,605 shares during the last quarter. Finally, Capital International Investors lifted its position in shares of Salesforce by 13.3% in the 4th quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider’s stock worth $6,019,199,000 after buying an additional 2,669,891 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

Salesforce Stock Down 0.1%

Salesforce stock opened at $165.94 on Friday. 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 one year low of $146.32 and a one year high of $276.80. The company has a 50-day simple moving average of $173.23 and a 200-day simple moving average of $197.71. The firm has a market capitalization of $135.90 billion, a P/E ratio of 19.21, a P/E/G ratio of 1.03 and a beta of 1.18.

Salesforce (NYSE:CRM) last issued its quarterly earnings data 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 firm had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. Salesforce’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $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. As a group, equities analysts expect that Salesforce Inc. will post 10.29 earnings per share for the current year.

Salesforce announced that its board has approved a stock repurchase plan on Monday, March 16th that allows the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization allows the CRM provider to repurchase up to 14.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were given a dividend of $0.44 per share. The ex-dividend date was Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. Salesforce’s payout ratio is currently 20.37%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CRM. Wedbush assumed coverage on shares of Salesforce in a research report on Wednesday. They set an “outperform” rating for the company. Phillip Securities cut shares of Salesforce from a “buy” rating to a “neutral” rating and cut their target price for the stock from $253.00 to $166.00 in a report on Monday, June 29th. Canaccord Genuity Group restated a “buy” rating and issued a $225.00 target price on shares of Salesforce in a research note on Tuesday, June 16th. Susquehanna assumed coverage on Salesforce in a report on Wednesday. They set a “neutral” rating for the company. Finally, Macquarie Infrastructure dropped their price target on Salesforce from $200.00 to $190.00 and set a “neutral” 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.