NFSG Corp Decreases Stock Position in Salesforce Inc. $CRM

NFSG Corp decreased its position in Salesforce Inc. (NYSE:CRM) by 93.3% in the 1st quarter, Holdings Channel reports. The fund owned 1,524 shares of the CRM provider’s stock after selling 21,268 shares during the period. NFSG Corp’s holdings in Salesforce were worth $285,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several research analysts have recently commented on CRM shares. Wolfe Research lowered Salesforce from an “outperform” rating to a “hold” rating in a research report on Wednesday, July 1st. Needham & Company LLC reaffirmed a “buy” rating on shares of Salesforce in a report on Tuesday, June 16th. Weiss Ratings upgraded shares of Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 7th. Piper Sandler cut shares of Salesforce from an “overweight” rating to a “neutral” rating in a report on Thursday, May 28th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price objective on shares of Salesforce in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.42.

Salesforce Price Performance

Shares of NYSE CRM opened at $167.32 on Thursday. 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 $137.03 billion, a PE ratio of 19.37, a P/E/G ratio of 0.90 and a beta of 1.18. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $274.00. The business’s fifty day moving average price is $171.12 and its two-hundred day moving average price is $191.99.

Salesforce (NYSE:CRM) last announced 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 net margin of 18.73% and a return on equity of 18.72%. The company had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter in the previous year, the company posted $2.58 earnings per share. The company’s revenue for the quarter 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. On average, research analysts expect that Salesforce Inc. will post 10.29 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were given 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 was Thursday, June 11th. Salesforce’s payout ratio 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.