World Investment Advisors Has $12.84 Million Stock Position in Salesforce Inc. $CRM

World Investment Advisors cut its holdings in shares of Salesforce Inc. (NYSE:CRM) by 4.6% in the 1st quarter, Holdings Channel reports. The firm owned 68,785 shares of the CRM provider’s stock after selling 3,349 shares during the period. World Investment Advisors’ holdings in Salesforce were worth $12,840,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CRM. 4WEALTH Advisors Inc. lifted its position in shares of Salesforce by 38.6% during the 1st quarter. 4WEALTH Advisors Inc. now owns 2,889 shares of the CRM provider’s stock worth $535,000 after buying an additional 805 shares during the last quarter. Boyd Watterson Asset Management LLC OH boosted its stake in Salesforce by 20.0% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 12,163 shares of the CRM provider’s stock valued at $2,270,000 after buying an additional 2,030 shares in the last quarter. Turtle Creek Wealth Advisors LLC grew its position in Salesforce by 17.0% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 7,657 shares of the CRM provider’s stock valued at $1,429,000 after acquiring an additional 1,112 shares during the last quarter. DB Fitzpatrick & Co Inc grew its position in Salesforce by 52.4% in the first quarter. DB Fitzpatrick & Co Inc now owns 8,330 shares of the CRM provider’s stock valued at $1,555,000 after acquiring an additional 2,864 shares during the last quarter. Finally, MOR Wealth Management LLC acquired a new position in Salesforce during the first quarter worth about $421,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Price Performance

CRM stock opened at $165.94 on Friday. The company has a market capitalization of $135.90 billion, a P/E ratio of 19.21, a PEG ratio of 1.03 and a beta of 1.18. The company has a fifty day moving average price of $173.23 and a 200-day moving average price of $197.71. 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 Inc. has a 52-week low of $146.32 and a 52-week high of $276.80.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.75. The company had revenue of $11.13 billion for 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%. Salesforce’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.58 earnings per share. 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 analysts expect that Salesforce Inc. will post 10.29 EPS for the current year.

Salesforce declared that its board has initiated a stock repurchase program on Monday, March 16th that permits the company to buyback $25.00 billion in shares. This buyback authorization permits the CRM provider to reacquire up to 14.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders 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 1.1%. The ex-dividend date was Thursday, June 11th. Salesforce’s payout ratio is 20.37%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CRM. Sanford C. Bernstein reduced their price target on shares of Salesforce from $194.00 to $173.00 and set an “underperform” rating on the stock in a research note on Thursday, May 28th. Daiwa Securities Group dropped their price objective on shares of Salesforce from $295.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 2nd. UBS Group started coverage on shares of Salesforce in a research report on Wednesday. They issued an “overweight” rating on the stock. Jefferies Financial Group raised shares of Salesforce from a “buy” rating to a “buy” rating in a research note on Wednesday. Finally, Wolfe Research downgraded shares of Salesforce from an “outperform” rating to a “peer perform” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and an average target price 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.