Vectors Research Management LLC Makes New $1.62 Million Investment in Salesforce Inc. $CRM

Vectors Research Management LLC purchased a new stake in shares of Salesforce Inc. (NYSE:CRM) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,661 shares of the CRM provider’s stock, valued at approximately $1,617,000.

Other hedge funds have also modified their holdings of the company. Temasek Holdings Private Ltd raised its stake in shares of Salesforce by 3.7% during the 4th quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock valued at $181,143,000 after buying an additional 24,332 shares during the last quarter. SFE Investment Counsel lifted its holdings in shares of Salesforce by 82.7% in the 4th quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider’s stock valued at $4,608,000 after buying an additional 7,871 shares during the period. Secured Retirement Advisors LLC purchased a new stake in shares of Salesforce in the first quarter worth about $1,004,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Salesforce in the fourth quarter worth about $997,000. Finally, Independent Franchise Partners LLP acquired a new stake in Salesforce during the fourth quarter worth about $142,521,000. 80.43% of the stock is currently owned by institutional investors.

Salesforce Stock Down 0.1%

Shares of NYSE CRM opened at $167.32 on Thursday. Salesforce Inc. has a 12-month low of $146.32 and a 12-month high of $274.00. The stock has a market cap of $137.03 billion, a PE ratio of 19.37, a P/E/G ratio of 0.90 and a beta of 1.18. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15. The company has a 50-day moving average of $171.12 and a 200 day moving average of $191.99.

Salesforce (NYSE:CRM) last issued its earnings results 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. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The business had revenue of $11.13 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same period in the previous year, the firm posted $2.58 EPS. The business’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. As a group, sell-side analysts predict that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Truist Financial lowered Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. HC Wainwright lowered shares of Salesforce to a “negative” rating in a report on Thursday, June 18th. Wells Fargo & Company decreased their target price on shares of Salesforce from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Thursday, May 28th. Macquarie Infrastructure lowered their price target on shares of Salesforce from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Thursday, May 28th. Finally, Evercore restated an “outperform” rating on shares of Salesforce in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Salesforce 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.