Financiere des Professionnels Fonds d investissement inc. Trims Holdings in Salesforce Inc. $CRM

Financiere des Professionnels Fonds d investissement inc. decreased its position in shares of Salesforce Inc. (NYSE:CRM) by 62.2% in the first quarter, HoldingsChannel reports. The firm owned 13,000 shares of the CRM provider’s stock after selling 21,366 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Salesforce were worth $2,427,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Temasek Holdings Private Ltd grew 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 worth $181,143,000 after purchasing an additional 24,332 shares during the period. SFE Investment Counsel lifted its stake 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 purchasing an additional 7,871 shares during the period. Secured Retirement Advisors LLC purchased a new stake in Salesforce during the first quarter worth $1,004,000. Hilton Head Capital Partners LLC purchased a new stake in Salesforce during the fourth quarter worth $997,000. Finally, Independent Franchise Partners LLP acquired a new stake in Salesforce during the fourth quarter valued at $142,521,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CRM shares. The Goldman Sachs Group started coverage on shares of Salesforce in a research report on Thursday, June 18th. They issued a “neutral” rating for the company. Citigroup upgraded Salesforce from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. BMO Capital Markets cut their price target on Salesforce from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Thursday, May 28th. TD Cowen reiterated a “buy” rating on shares of Salesforce in a research report on Friday, June 12th. Finally, Scotiabank downgraded Salesforce from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $254.42.

Salesforce Stock Performance

NYSE:CRM opened at $171.20 on Friday. The company has a market cap of $140.21 billion, a P/E ratio of 19.82, a P/E/G ratio of 0.93 and a beta of 1.18. Salesforce Inc. has a twelve month low of $146.32 and a twelve month high of $274.00. The company’s 50-day moving average price is $170.64 and its 200-day moving average price is $191.20. 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 (NYSE:CRM) last announced its quarterly earnings data 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. The company 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%. Salesforce’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. On average, sell-side analysts forecast that Salesforce Inc. will post 10.29 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were given a $0.44 dividend. The ex-dividend date was Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. Salesforce’s dividend payout ratio is 20.37%.

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.