Salesforce Inc. $CRM Stake Reduced by Carmignac Gestion

Carmignac Gestion decreased its holdings in shares of Salesforce Inc. (NYSE:CRM) by 3.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 974,129 shares of the CRM provider’s stock after selling 34,022 shares during the period. Salesforce comprises approximately 2.8% of Carmignac Gestion’s portfolio, making the stock its 12th biggest holding. Carmignac Gestion’s holdings in Salesforce were worth $181,833,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Temasek Holdings Private Ltd lifted its stake in Salesforce by 3.7% during the fourth 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 in the last quarter. SFE Investment Counsel increased its position in shares of Salesforce by 82.7% in the fourth quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider’s stock worth $4,608,000 after acquiring an additional 7,871 shares in the last quarter. Secured Retirement Advisors LLC purchased a new position in shares of Salesforce in the first quarter worth approximately $1,004,000. TAM Capital Management Inc. acquired a new stake in shares of Salesforce during the first quarter valued at approximately $40,945,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Salesforce during the fourth quarter valued at approximately $997,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Up 0.2%

Salesforce stock opened at $184.34 on Monday. Salesforce Inc. has a twelve month low of $146.32 and a twelve month high of $269.11. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $150.98 billion, a PE ratio of 21.34, a P/E/G ratio of 1.00 and a beta of 1.16. The firm’s 50 day moving average price is $170.34 and its two-hundred day moving average price is $184.49.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $11.05 billion. During the same quarter last year, the business posted $2.58 EPS. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. 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 predict that Salesforce Inc. will post 10.27 EPS for the current fiscal year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 11th were given a dividend of $0.44 per share. 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 1.0%. Salesforce’s dividend payout ratio (DPR) is presently 20.37%.

Wall Street Analyst Weigh In

CRM has been the subject of a number of recent analyst reports. Citizens Jmp reaffirmed a “market outperform” rating and issued a $315.00 price objective on shares of Salesforce in a research note on Thursday, May 28th. BMO Capital Markets cut their target price on shares of Salesforce from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Thursday, May 28th. BTIG Research reaffirmed a “buy” rating and issued a $255.00 target price on shares of Salesforce in a research report on Tuesday, May 26th. Wedbush initiated coverage on Salesforce in a report on Wednesday, July 1st. They set an “outperform” rating on the stock. Finally, Sanford C. Bernstein dropped their price target on Salesforce from $194.00 to $173.00 and set an “underperform” rating on the stock in a research report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $249.51.

Salesforce Company 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.