Salesforce Inc. $CRM Shares Purchased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB increased its holdings in shares of Salesforce Inc. (NYSE:CRM) by 8.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 189,144 shares of the CRM provider’s stock after acquiring an additional 14,538 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Salesforce were worth $29,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CRM. Temasek Holdings Private Ltd grew its position in Salesforce by 3.7% during the fourth quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock valued at $181,143,000 after buying an additional 24,332 shares during the period. SFE Investment Counsel raised its position in shares of Salesforce by 82.7% in the fourth quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider’s stock worth $4,608,000 after acquiring an additional 7,871 shares during the period. Secured Retirement Advisors LLC purchased a new stake in shares of Salesforce during the 1st quarter worth about $1,004,000. Fluent Financial LLC purchased a new stake in shares of Salesforce during the 2nd quarter worth about $2,265,000. Finally, Janus Henderson Group PLC grew its position in shares of Salesforce by 2.5% during the 1st quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock valued at $23,846,000 after acquiring an additional 3,125 shares during the period. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Stock Performance

Shares of NYSE:CRM opened at $197.32 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 $269.11. The firm has a market capitalization of $161.61 billion, a PE ratio of 22.84, a P/E/G ratio of 1.04 and a beta of 1.16. The business’s 50 day moving average price is $170.99 and its 200-day moving average price is $182.79.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, beating the consensus estimate of $3.13 by $0.75. The firm had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.05 billion. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The firm’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior 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. As a group, equities research analysts expect that Salesforce Inc. will post 10.27 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, June 11th. Salesforce’s dividend payout ratio is 20.37%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CRM. KeyCorp cut Salesforce from an “overweight” rating to a “sector weight” rating in a report on Wednesday, July 8th. HC Wainwright lowered Salesforce to a “negative” rating in a report on Thursday, June 18th. Canaccord Genuity Group restated a “buy” rating and issued a $225.00 price objective on shares of Salesforce in a research report on Tuesday, June 16th. HSBC upped their target price on Salesforce from $350.00 to $356.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Finally, BMO Capital Markets decreased their target price on Salesforce from $225.00 to $215.00 and set an “outperform” rating on the stock in a research report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $249.51.

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.