M. Kulyk & Associates LLC Invests $1.85 Million in Salesforce Inc. $CRM

M. Kulyk & Associates LLC purchased a new position in Salesforce Inc. (NYSE:CRM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,838 shares of the CRM provider’s stock, valued at approximately $1,854,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fred Alger Management LLC grew its stake in Salesforce by 0.3% in the 3rd quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock worth $3,548,000 after acquiring an additional 45 shares in the last quarter. Richards Merrill & Peterson Inc. raised its stake in shares of Salesforce by 1.1% during the fourth quarter. Richards Merrill & Peterson Inc. now owns 4,239 shares of the CRM provider’s stock valued at $1,123,000 after acquiring an additional 46 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in shares of Salesforce by 6.9% in the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 745 shares of the CRM provider’s stock valued at $197,000 after purchasing an additional 48 shares during the period. Synergy Financial Group LTD grew its stake in Salesforce by 2.4% in the third quarter. Synergy Financial Group LTD now owns 2,035 shares of the CRM provider’s stock worth $482,000 after purchasing an additional 48 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV grew its stake in Salesforce by 1.6% in the fourth quarter. Arbor Capital Management Inc. ADV now owns 3,321 shares of the CRM provider’s stock worth $884,000 after purchasing an additional 51 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Stock Up 2.8%

Shares of NYSE CRM opened at $196.28 on Wednesday. Salesforce Inc. has a 12-month low of $146.32 and a 12-month high of $269.11. The stock’s fifty day simple moving average is $172.00 and its two-hundred day simple moving average is $181.47. The stock has a market capitalization of $160.76 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 1.06 and a beta of 1.16. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping the consensus estimate of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The firm had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.05 billion. During the same period in the previous year, the company posted $2.58 EPS. The business’s revenue for the quarter 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. As a group, analysts expect that Salesforce Inc. will post 10.27 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were issued 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 (DPR) is currently 20.37%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CRM shares. Piper Sandler lowered Salesforce from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 28th. Jefferies Financial Group raised Salesforce from a “buy” rating to a “buy” rating in a research report on Wednesday, July 1st. Guggenheim upgraded Salesforce from a “neutral” rating to a “buy” rating and set a $228.00 price target on the stock in a research note on Wednesday, July 1st. HC Wainwright downgraded Salesforce to a “negative” rating in a report on Thursday, June 18th. Finally, CLSA started coverage on shares of Salesforce in a research note on Monday, July 20th. They issued a “hold” rating and a $165.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $249.49.

Salesforce 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.