8,824 Shares in Salesforce Inc. $CRM Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC bought a new stake in shares of Salesforce Inc. (NYSE:CRM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 8,824 shares of the CRM provider’s stock, valued at approximately $1,382,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in shares of Salesforce by 13.7% in the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after acquiring an additional 3,102 shares during the period. Revolve Wealth Partners LLC increased its position in Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after acquiring an additional 205 shares during the period. Bison Wealth LLC raised its stake in Salesforce by 9.0% during the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after purchasing an additional 184 shares during the last quarter. Sivia Capital Partners LLC raised its stake in Salesforce by 3.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider’s stock valued at $807,000 after purchasing an additional 106 shares during the last quarter. Finally, United Bank boosted its holdings in Salesforce by 5.2% in the 2nd quarter. United Bank now owns 10,198 shares of the CRM provider’s stock valued at $2,781,000 after purchasing an additional 500 shares during the period. 80.43% of the stock is owned by institutional investors.

Salesforce Price Performance

NYSE:CRM opened at $191.20 on Tuesday. The company has a 50-day moving average of $171.58 and a 200-day moving average of $181.69. The company has a market capitalization of $156.59 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 1.06 and a beta of 1.16. Salesforce Inc. has a 52 week low of $146.32 and a 52 week 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.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.13 by $0.75. The business had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business 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. As a group, equities research analysts anticipate that Salesforce Inc. will post 10.27 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, June 11th. Salesforce’s dividend payout ratio is currently 20.37%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CRM. Wedbush began coverage on shares of Salesforce in a research report on Wednesday, July 1st. They issued an “outperform” rating on the stock. Phillip Securities cut shares of Salesforce from a “buy” rating to a “hold” rating and reduced their target price for the company from $253.00 to $166.00 in a research note on Monday, June 29th. Wells Fargo & Company lifted their target price on Salesforce from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 12th. Monness Crespi & Hardt boosted their price target on Salesforce from $200.00 to $222.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Salesforce in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Salesforce has an average rating of “Moderate Buy” and an average target price of $249.05.

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.