Salesforce Inc. $CRM Shares Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd raised its stake in Salesforce Inc. (NYSE:CRM) by 65.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 97,191 shares of the CRM provider’s stock after buying an additional 38,283 shares during the period. Mediolanum International Funds Ltd’s holdings in Salesforce were worth $17,983,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CRM. Brighton Jones LLC boosted its position in shares of Salesforce by 13.7% during the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after acquiring an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC increased its position in Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after purchasing an additional 205 shares during the last quarter. Bison Wealth LLC increased its position in Salesforce by 9.0% during the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after purchasing an additional 184 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Salesforce by 3.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider’s stock worth $807,000 after buying an additional 106 shares during the last quarter. Finally, United Bank raised its position in shares of Salesforce by 5.2% during the 2nd quarter. United Bank now owns 10,198 shares of the CRM provider’s stock valued at $2,781,000 after buying an additional 500 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Trading Up 0.3%

Shares of CRM stock opened at $171.20 on Monday. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $274.00. The company has a 50 day moving average price of $170.64 and a 200 day moving average price of $190.67. The stock has a market capitalization of $140.21 billion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 0.92 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 (NYSE:CRM) last issued its quarterly earnings results 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 company had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company 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. Equities research analysts predict that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 11th were issued a $0.44 dividend. The ex-dividend date 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 20.37%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CRM shares. Sanford C. Bernstein decreased their price objective on Salesforce from $194.00 to $173.00 and set an “underperform” rating on the stock in a report on Thursday, May 28th. HSBC increased their price target on Salesforce from $350.00 to $356.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Monness Crespi & Hardt raised Salesforce from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Thursday, June 18th. Cantor Fitzgerald restated an “overweight” rating and issued a $250.00 price objective on shares of Salesforce in a report on Thursday, May 28th. Finally, Royal Bank Of Canada cut shares of Salesforce from a “sector perform” rating to a “sector perform” rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Salesforce presently has an average rating of “Moderate Buy” and an average price target of $254.42.

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.