18,776 Shares in Salesforce Inc. $CRM Acquired by Butensky & Cohen Financial Security Inc.

Butensky & Cohen Financial Security Inc. purchased a new stake in Salesforce Inc. (NYSE:CRM) during the second quarter, HoldingsChannel.com reports. The fund purchased 18,776 shares of the CRM provider’s stock, valued at approximately $2,941,000.

Several other large investors also recently made changes to their positions in CRM. Temasek Holdings Private Ltd lifted its position in Salesforce by 3.7% during the 4th quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock worth $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 valued at $4,608,000 after acquiring an additional 7,871 shares during the last quarter. Fluent Financial LLC acquired a new stake in shares of Salesforce in the second quarter valued at about $2,265,000. Secured Retirement Advisors LLC bought a new stake in Salesforce during the first quarter worth about $1,004,000. Finally, Janus Henderson Group PLC raised its holdings in Salesforce by 2.5% during the first quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock worth $23,846,000 after acquiring an additional 3,125 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

CRM has been the subject of a number of analyst reports. Phillip Securities downgraded Salesforce from a “buy” rating to a “hold” rating and decreased their price target for the company from $253.00 to $166.00 in a research note on Monday, June 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price objective on shares of Salesforce in a research note on Thursday, May 28th. Royal Bank Of Canada downgraded Salesforce from a “sector perform” rating to a “sector perform” rating in a report on Wednesday, July 1st. Monness Crespi & Hardt raised shares of Salesforce from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a research note on Thursday, June 18th. Finally, Morgan Stanley restated an “equal weight” rating and set a $185.00 target price (down from $287.00) on shares of Salesforce in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and an average target price of $249.51.

Salesforce Price Performance

Shares of NYSE CRM opened at $197.35 on Wednesday. The business’s 50 day moving average price is $170.92 and its two-hundred day moving average price is $182.62. The company has a market cap of $161.63 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 1.07 and a beta of 1.16. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. Salesforce Inc. has a twelve month low of $146.32 and a twelve month high of $269.11.

Salesforce (NYSE:CRM) last released its quarterly earnings data 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 return on equity of 18.72% and a net margin of 18.73%.The company had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.05 billion. During the same period last year, the firm posted $2.58 earnings per share. The business’s revenue 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, analysts predict that Salesforce Inc. will post 10.27 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 issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 annualized dividend and a yield of 0.9%. Salesforce’s dividend payout ratio (DPR) is currently 20.37%.

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.