Kepler Cheuvreux Suisse SA Buys 12,568 Shares of Salesforce Inc. $CRM

Kepler Cheuvreux Suisse SA grew its stake in shares of Salesforce Inc. (NYSE:CRM) by 284.1% during the first quarter, HoldingsChannel.com reports. The fund owned 16,992 shares of the CRM provider’s stock after buying an additional 12,568 shares during the quarter. Kepler Cheuvreux Suisse SA’s holdings in Salesforce were worth $3,172,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CRM. Commonwealth Retirement Investments LLC bought a new position in Salesforce during the fourth quarter valued at approximately $25,000. Board of the Pension Protection Fund bought a new stake in Salesforce in the 4th quarter worth approximately $26,000. Key Capital Management INC bought a new stake in Salesforce in the 4th quarter worth approximately $26,000. Gilpin Wealth Management LLC purchased a new stake in Salesforce during the 4th quarter valued at $26,000. Finally, Legacy Bridge LLC bought a new position in shares of Salesforce during the 4th quarter valued at $27,000. 80.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CRM shares. The Goldman Sachs Group began coverage on Salesforce in a research note on Thursday, June 18th. They issued a “neutral” rating on the stock. Scotiabank cut Salesforce from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, June 18th. Sanford C. Bernstein lowered their target price on Salesforce from $194.00 to $173.00 and set an “underperform” rating on the stock in a report on Thursday, May 28th. Roth Mkm restated a “buy” rating and set a $325.00 price target on shares of Salesforce in a research note on Thursday, May 28th. Finally, Monness Crespi & Hardt raised shares of Salesforce from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $254.42.

Salesforce Trading Down 0.1%

Shares of CRM stock opened at $165.94 on Friday. 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 company has a market cap of $135.90 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.03 and a beta of 1.18. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $276.80. The firm has a fifty day moving average price of $173.23 and a 200-day moving average price of $197.71.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 18.72% and a net margin of 18.73%.Salesforce’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $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. As a group, equities analysts predict that Salesforce Inc. will post 10.29 earnings per share for the current year.

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

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were paid a $0.44 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. Salesforce’s dividend payout ratio (DPR) is 20.37%.

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.