Roberts Glore & Co. Inc. IL Acquires New Shares in Salesforce Inc. $CRM

Roberts Glore & Co. Inc. IL bought a new position in shares of Salesforce Inc. (NYSE:CRM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,764 shares of the CRM provider’s stock, valued at approximately $746,000.

A number of other large investors have also recently made changes to their positions in CRM. BlackRock Inc. purchased a new stake in Salesforce during the 2nd quarter worth about $11,396,844,000. State Street Corp increased its position in shares of Salesforce by 1.3% during the fourth quarter. State Street Corp now owns 50,080,230 shares of the CRM provider’s stock valued at $13,286,909,000 after buying an additional 659,573 shares during the period. J. Stern & Co. LLP increased its position in shares of Salesforce by 24,056.7% during the fourth quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock valued at $12,552,896,000 after buying an additional 47,189,352 shares during the period. Capital International Investors boosted its position in shares of Salesforce by 13.3% in the fourth quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider’s stock valued at $6,019,199,000 after acquiring an additional 2,669,891 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Salesforce by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 21,782,556 shares of the CRM provider’s stock valued at $5,751,073,000 after acquiring an additional 791,345 shares during the period. 80.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CRM. CLSA started coverage on shares of Salesforce in a report on Monday, July 20th. They set a “hold” rating and a $165.00 target price on the stock. Roth Capital restated a “buy” rating and set a $325.00 price target on shares of Salesforce in a research report on Thursday, May 28th. Bank of America began coverage on shares of Salesforce in a report on Monday, May 18th. They issued an “underperform” rating and a $160.00 price target on the stock. Raymond James Financial reissued a “strong-buy” rating on shares of Salesforce in a research note on Tuesday, July 21st. 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 research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.72.

Salesforce Stock Performance

NYSE CRM opened at $205.74 on Wednesday. Salesforce Inc. has a 52-week low of $146.32 and a 52-week high of $269.11. The company has a fifty day moving average of $176.11 and a 200-day moving average of $181.49. The company has a market capitalization of $168.50 billion, a P/E ratio of 23.81, a P/E/G ratio of 1.13 and a beta of 1.16. 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 released its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share 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 business had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter last year, the business posted $2.58 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities research analysts predict that Salesforce Inc. will post 10.27 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 11th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, June 11th. Salesforce’s dividend payout ratio (DPR) is currently 20.37%.

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Analysts continue to see upside: Canaccord Genuity reaffirmed a “buy” rating with a $225 price target, Citizens JMP maintained “market outperform” with a $315 target, and BTIG reiterated “buy” with a $255 target. These targets imply that the recent pullback has created potential valuation upside. Analyst rating updates
• Positive Sentiment: Agentforce adoption and Salesforce’s expanding AI ecosystem are expected to support subscription growth. New integrations from ZoomInfo and Agiloft on the AgentExchange marketplace also suggest that third-party developers are increasingly using Salesforce and Slack AI workflows, strengthening the company’s platform moat. CRM Q2 earnings preview AgentExchange ecosystem
• Neutral Sentiment: Jefferies expects an in-line fiscal second quarter. Its survey of 20 Salesforce partners was moderately encouraging, with 70% reporting results at or above plan, but investors are likely to focus more heavily on management’s second-half growth outlook and Agentforce monetization. Jefferies Salesforce outlook
• Negative Sentiment: The earnings setup leaves little room for disappointment: Salesforce is expected to post roughly 10.6% revenue growth, while analysts want evidence that slower sales growth is reaccelerating. The stock is also testing technical resistance near $210, and broader caution toward technology shares may be limiting buying ahead of the report.

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.