Brian Low Financial Group LLC Raises Holdings in Salesforce Inc. $CRM

Brian Low Financial Group LLC increased its stake in shares of Salesforce Inc. (NYSE:CRM) by 261.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 4,727 shares of the CRM provider’s stock after purchasing an additional 3,420 shares during the quarter. Brian Low Financial Group LLC’s holdings in Salesforce were worth $882,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Byrne Asset Management LLC boosted its stake in shares of Salesforce by 1.0% during the fourth quarter. Byrne Asset Management LLC now owns 4,331 shares of the CRM provider’s stock valued at $1,147,000 after purchasing an additional 43 shares during the period. Mathes Company Inc. increased its stake in shares of Salesforce by 0.4% in the third quarter. Mathes Company Inc. now owns 12,558 shares of the CRM provider’s stock worth $2,976,000 after buying an additional 45 shares during the period. Fred Alger Management LLC increased its stake in shares of Salesforce by 0.3% in the third quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock worth $3,548,000 after buying an additional 45 shares during the period. Fulcrum Asset Management LLP raised its holdings in Salesforce by 1.7% during the 3rd quarter. Fulcrum Asset Management LLP now owns 2,774 shares of the CRM provider’s stock valued at $657,000 after buying an additional 46 shares during the last quarter. Finally, Pine Haven Investment Counsel Inc raised its holdings in Salesforce by 1.5% during the 4th quarter. Pine Haven Investment Counsel Inc now owns 3,152 shares of the CRM provider’s stock valued at $835,000 after buying an additional 46 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CRM shares. BTIG Research reissued a “buy” rating and issued a $255.00 price target on shares of Salesforce in a report on Tuesday, May 26th. Daiwa Securities Group lowered their price objective on shares of Salesforce from $295.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 2nd. Stifel Nicolaus dropped their target price on shares of Salesforce from $300.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Barclays raised Salesforce from an “overweight” rating to an “overweight” rating in a research note on Thursday, June 18th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $225.00 price target on shares of Salesforce in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $257.61.

Salesforce Stock Down 0.6%

Shares of Salesforce stock opened at $152.45 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15. Salesforce Inc. has a 12-month low of $146.32 and a 12-month high of $276.80. The company has a market cap of $124.86 billion, a P/E ratio of 17.64, a PEG ratio of 0.96 and a beta of 1.16. The company’s fifty day simple moving average is $176.37 and its two-hundred day simple moving average is $202.28.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping the consensus estimate of $3.13 by $0.75. The firm had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company posted $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. Research analysts anticipate that Salesforce Inc. will post 10.29 EPS for the current year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th will be issued a $0.44 dividend. The ex-dividend date is Thursday, June 11th. This represents a $1.76 annualized dividend and a yield of 1.2%. Salesforce’s dividend payout ratio (DPR) is 20.37%.

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

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.