Roberts Glore & Co. Inc. IL Takes Position in Salesforce Inc. $CRM

Roberts Glore & Co. Inc. IL bought a new stake in shares of Salesforce Inc. (NYSE:CRM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,764 shares of the CRM provider’s stock, valued at approximately $746,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Jupiter Topco LLC bought a new position in shares of Salesforce in the second quarter worth approximately $19,035,000. Wedbush Fund Advisers LLC boosted its position in Salesforce by 30.1% during the 2nd quarter. Wedbush Fund Advisers LLC now owns 201,145 shares of the CRM provider’s stock valued at $31,511,000 after buying an additional 46,568 shares during the period. ABS Investment Management LLC bought a new stake in Salesforce in the 2nd quarter worth $610,974,000. EFG International AG purchased a new position in shares of Salesforce in the second quarter valued at about $6,270,000. Finally, Ancora Advisors LLC purchased a new position in shares of Salesforce in the second quarter valued at about $14,134,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Wall Street Analysts Forecast Growth

CRM has been the subject of a number of analyst reports. The Goldman Sachs Group initiated coverage on shares of Salesforce in a report on Thursday, June 18th. They set a “neutral” rating for the company. Weiss Ratings raised Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 12th. Wedbush assumed coverage on Salesforce in a report on Wednesday, July 1st. They issued an “outperform” rating for the company. Susquehanna assumed coverage on Salesforce in a research note on Wednesday, July 1st. They set a “neutral” rating on the stock. Finally, Oppenheimer restated an “outperform” rating on shares of Salesforce in a report on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $248.72.

Salesforce Stock Performance

Shares of CRM opened at $205.74 on Wednesday. The company has a 50-day simple moving average of $176.11 and a two-hundred day simple moving average of $181.49. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $168.50 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 1.13 and a beta of 1.16. Salesforce Inc. has a one year low of $146.32 and a one year high of $269.11.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $11.05 billion. During the same quarter in the prior year, the business earned $2.58 EPS. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts anticipate 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. Investors of record on Thursday, June 11th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, June 11th. Salesforce’s dividend payout ratio is presently 20.37%.

Salesforce News Roundup

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Analysts continue to see upside: Canaccord Genuity reaffirmed a “buy” rating with a $225 price target, Citizens JMP maintained “market outperform” with a $315 target, and BTIG reiterated “buy” with a $255 target. These targets imply that the recent pullback has created potential valuation upside. Analyst rating updates
• Positive Sentiment: Agentforce adoption and Salesforce’s expanding AI ecosystem are expected to support subscription growth. New integrations from ZoomInfo and Agiloft on the AgentExchange marketplace also suggest that third-party developers are increasingly using Salesforce and Slack AI workflows, strengthening the company’s platform moat. CRM Q2 earnings preview AgentExchange ecosystem
• Neutral Sentiment: Jefferies expects an in-line fiscal second quarter. Its survey of 20 Salesforce partners was moderately encouraging, with 70% reporting results at or above plan, but investors are likely to focus more heavily on management’s second-half growth outlook and Agentforce monetization. Jefferies Salesforce outlook
• Negative Sentiment: The earnings setup leaves little room for disappointment: Salesforce is expected to post roughly 10.6% revenue growth, while analysts want evidence that slower sales growth is reaccelerating. The stock is also testing technical resistance near $210, and broader caution toward technology shares may be limiting buying ahead of the report.

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.