4,260 Shares in Salesforce Inc. $CRM Purchased by Talon Private Wealth LLC

Talon Private Wealth LLC bought a new stake in Salesforce Inc. (NYSE:CRM) during the first quarter, HoldingsChannel reports. The fund bought 4,260 shares of the CRM provider’s stock, valued at approximately $795,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Temasek Holdings Private Ltd lifted its holdings in Salesforce by 3.7% in the fourth quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock valued at $181,143,000 after acquiring an additional 24,332 shares during the period. SFE Investment Counsel boosted its position in Salesforce by 82.7% in the 4th quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider’s stock worth $4,608,000 after purchasing an additional 7,871 shares in the last quarter. Secured Retirement Advisors LLC acquired a new stake in shares of Salesforce during the 1st quarter worth approximately $1,004,000. Hilton Head Capital Partners LLC purchased a new position in shares of Salesforce during the 4th quarter valued at approximately $997,000. Finally, Independent Franchise Partners LLP purchased a new position in shares of Salesforce during the 4th quarter valued at approximately $142,521,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Price Performance

Salesforce stock opened at $188.69 on Thursday. 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 company’s fifty day moving average price is $170.17 and its 200 day moving average price is $185.57. The stock has a market capitalization of $154.53 billion, a P/E ratio of 21.84, a P/E/G ratio of 0.98 and a beta of 1.18. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $269.11.

Salesforce (NYSE:CRM) last posted 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. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The business had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same period last year, the firm posted $2.58 earnings per share. The company’s revenue 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, equities research analysts anticipate that Salesforce Inc. will post 10.29 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 11th were paid 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 0.9%. Salesforce’s dividend payout ratio (DPR) is currently 20.37%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Piper Sandler downgraded shares of Salesforce from an “overweight” rating to a “neutral” rating in a report on Thursday, May 28th. UBS Group reaffirmed an “equal weight” rating on shares of Salesforce in a report on Tuesday, July 21st. Citigroup upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a research 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 on the stock in a research note on Thursday, June 18th. Finally, The Goldman Sachs Group began coverage on Salesforce in a research report on Thursday, June 18th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Salesforce 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.