Fideuram Asset Management Ireland dac Makes New Investment in Salesforce Inc. $CRM

Fideuram Asset Management Ireland dac bought a new position in shares of Salesforce Inc. (NYSE:CRM) in the 4th quarter, HoldingsChannel reports. The fund bought 98,042 shares of the CRM provider’s stock, valued at approximately $24,464,000. Salesforce makes up 1.8% of Fideuram Asset Management Ireland dac’s portfolio, making the stock its 9th biggest holding.

Several other hedge funds also recently bought and sold shares of CRM. Rockland Trust Co. boosted its stake in shares of Salesforce by 1,145.6% in the 3rd quarter. Rockland Trust Co. now owns 13,066 shares of the CRM provider’s stock valued at $3,097,000 after buying an additional 12,017 shares during the period. Alps Advisors Inc. boosted its stake in shares of Salesforce by 98.3% in the 3rd quarter. Alps Advisors Inc. now owns 21,455 shares of the CRM provider’s stock valued at $5,085,000 after buying an additional 10,633 shares during the period. Midwest Trust Co boosted its stake in shares of Salesforce by 2.3% in the 3rd quarter. Midwest Trust Co now owns 187,071 shares of the CRM provider’s stock valued at $44,336,000 after buying an additional 4,233 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Salesforce by 15.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 467,551 shares of the CRM provider’s stock valued at $113,420,000 after buying an additional 61,270 shares during the period. Finally, AGF Management Ltd. boosted its stake in shares of Salesforce by 42.2% in the 3rd quarter. AGF Management Ltd. now owns 281,054 shares of the CRM provider’s stock valued at $66,610,000 after buying an additional 83,403 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CRM shares. BTIG Research reiterated a “buy” rating and issued a $255.00 price objective on shares of Salesforce in a research note on Tuesday. Sanford C. Bernstein decreased their price objective on Salesforce from $194.00 to $173.00 and set an “underperform” rating for the company in a research note on Thursday. Northland Securities decreased their price objective on Salesforce from $267.00 to $229.00 and set a “market perform” rating for the company in a research note on Tuesday, March 10th. Piper Sandler cut Salesforce from an “overweight” rating to a “neutral” rating in a research note on Thursday. Finally, Canaccord Genuity Group decreased their price objective on Salesforce from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $259.47.

Insider Activity at Salesforce

In other news, Director Laura Alber purchased 2,571 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were bought at an average price of $194.58 per share, with a total value of $500,265.18. Following the completion of the transaction, the director directly owned 9,530 shares in the company, valued at approximately $1,854,347.40. This represents a 36.94% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Blair Kirk purchased 2,570 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were purchased at an average cost of $194.62 per share, for a total transaction of $500,173.40. Following the transaction, the director owned 13,689 shares of the company’s stock, valued at $2,664,153.18. This trade represents a 23.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.50% of the company’s stock.

Salesforce News Summary

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce beat Q1 earnings and revenue estimates, raised full-year profit guidance, and said Agentforce ARR passed $1 billion, reinforcing momentum in its AI strategy.
• Positive Sentiment: The company announced a $25 billion accelerated buyback, which should provide direct support to shareholder returns and may help limit downside.
• Positive Sentiment: Several analysts remained constructive, with firms like Wedbush, Piper Sandler, Cantor Fitzgerald, and B. Riley reiterating bullish ratings and high price targets despite trimming estimates.
• Neutral Sentiment: Citigroup and other banks lowered price targets modestly, but most still kept neutral-to-positive views, suggesting the Street is resetting expectations rather than turning outright bearish.
• Negative Sentiment: The stock is being held back by slightly light revenue guidance and continued investor concern that AI competition could pressure Salesforce’s growth profile over time.

Salesforce Price Performance

Shares of NYSE CRM opened at $176.30 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. Salesforce Inc. has a fifty-two week low of $163.52 and a fifty-two week high of $276.80. The firm has a market capitalization of $144.26 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14. The stock’s 50-day simple moving average is $180.84 and its 200-day simple moving average is $210.72.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.75. Salesforce had a return on equity of 16.70% and a net margin of 18.73%.The business had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same quarter last year, the company earned $2.58 EPS. The business’s quarterly revenue was up 13.3% on a year-over-year basis. 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 forecast that Salesforce Inc. will post 9.72 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $1.76 annualized dividend and a yield of 1.0%. Salesforce’s payout ratio is 22.54%.

Salesforce declared that its board has approved a stock repurchase program on Monday, March 16th that permits the company to buyback $25.00 billion in outstanding shares. This buyback authorization permits the CRM provider to buy up to 14.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is 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.