Milford Funds Ltd. Invests $141.20 Million in Salesforce Inc. $CRM

Milford Funds Ltd. acquired a new position in Salesforce Inc. (NYSE:CRM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 533,015 shares of the CRM provider’s stock, valued at approximately $141,201,000. Salesforce accounts for approximately 2.8% of Milford Funds Ltd.’s investment portfolio, making the stock its 11th largest position.

Other institutional investors have also made changes to their positions in the company. Commonwealth Retirement Investments LLC bought a new position in shares of Salesforce in the fourth quarter worth about $25,000. Board of the Pension Protection Fund bought a new position in shares of Salesforce in the fourth quarter worth about $26,000. Key Capital Management INC bought a new position in shares of Salesforce in the fourth quarter worth about $26,000. Gilpin Wealth Management LLC bought a new position in shares of Salesforce in the fourth quarter worth about $26,000. Finally, Legacy Bridge LLC bought a new position in shares of Salesforce in the fourth quarter worth about $27,000. 80.43% of the stock is currently owned by institutional investors.

Salesforce Trading Down 0.2%

Shares of CRM opened at $166.07 on Friday. Salesforce Inc. has a 12-month low of $161.40 and a 12-month high of $276.80. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $136.01 billion, a price-to-earnings ratio of 19.22, a P/E/G ratio of 1.04 and a beta of 1.16. The stock’s 50-day moving average price is $180.10 and its 200 day moving average price is $206.89.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $11.05 billion. During the same period in the previous year, the company posted $2.58 earnings per share. The company’s quarterly 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. As a group, research analysts predict that Salesforce Inc. will post 10.29 earnings per share for the current year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th will be 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 of this dividend is Thursday, June 11th. Salesforce’s payout ratio is presently 20.37%.

Salesforce announced that its board has authorized a share repurchase plan on Monday, March 16th that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the CRM provider to purchase up to 14.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce’s latest quarter was strong, with revenue of $11.13 billion, EPS of $3.88, and AI/data ARR rising to $3.4 billion; Agentforce alone reached $1.2 billion in ARR, reinforcing the company’s AI growth story and supporting the bullish case. Article Title
• Positive Sentiment: Erste Group Bank raised its earnings expectations for Salesforce, estimating FY2027 EPS at $10.17 and FY2028 EPS at $11.07, which suggests confidence in longer-term profitability. Article Title
• Positive Sentiment: Salesforce is getting renewed attention from market watchers, and several articles highlight that its AI pivot and low valuation could attract investors if execution continues to improve. Article Title
• Neutral Sentiment: Salesforce is also being discussed in the context of broader software-sector weakness, with investors favoring AI infrastructure and chip names over traditional subscription software. Article Title
• Negative Sentiment: Salesforce announced another round of layoffs tied to its AI and Marketing Cloud teams, signaling restructuring pressure as it shifts toward AI-focused and usage-based monetization models. Article Title
• Negative Sentiment: Several reports note that CRM shares are near 52-week lows as investors worry the market is rotating away from legacy software names, keeping pressure on the stock despite solid fundamentals. Article Title

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. TD Cowen reiterated a “buy” rating on shares of Salesforce in a research note on Friday. Bank of America initiated coverage on Salesforce in a research note on Monday, May 18th. They issued an “underperform” rating and a $160.00 price objective on the stock. The Goldman Sachs Group restated a “buy” rating and set a $281.00 price target on shares of Salesforce in a research note on Thursday, February 26th. Stifel Nicolaus lowered their price target on Salesforce from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, Citizens Jmp restated a “market outperform” rating and set a $315.00 price target on shares of Salesforce in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $259.26.

Insider Buying and Selling

In related news, Director David Blair Kirk acquired 2,570 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were bought at an average cost of $194.62 per share, with a total value of $500,173.40. Following the completion of the acquisition, the director owned 13,689 shares of the company’s stock, valued at $2,664,153.18. This trade represents a 23.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Laura Alber acquired 2,571 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were bought at an average cost of $194.58 per share, for a total transaction of $500,265.18. Following the completion of the acquisition, the director directly owned 9,530 shares of the company’s stock, valued at approximately $1,854,347.40. This represents a 36.94% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.50% of the stock is currently owned by insiders.

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.