OneDigital Investment Advisors LLC Makes New $1.38 Million Investment in Salesforce Inc. $CRM

OneDigital Investment Advisors LLC acquired a new stake in shares of Salesforce Inc. (NYSE:CRM) in the second quarter, HoldingsChannel.com reports. The firm acquired 8,824 shares of the CRM provider’s stock, valued at approximately $1,382,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CRM. J. Stern & Co. LLP increased its position in shares of Salesforce by 24,056.7% during the 4th quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider’s stock worth $12,552,896,000 after purchasing an additional 47,189,352 shares in the last quarter. Norges Bank acquired a new position in Salesforce in the fourth quarter valued at about $3,182,951,000. Arrowstreet Capital Limited Partnership grew its stake in Salesforce by 130.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock worth $2,363,096,000 after buying an additional 7,160,302 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Salesforce during the second quarter worth approximately $844,928,000. Finally, Cardano Risk Management B.V. raised its stake in shares of Salesforce by 924.7% in the fourth quarter. Cardano Risk Management B.V. now owns 3,883,610 shares of the CRM provider’s stock valued at $1,028,807,000 after acquiring an additional 3,504,605 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Down 2.6%

NYSE CRM opened at $191.20 on Tuesday. The stock has a market capitalization of $156.59 billion, a P/E ratio of 22.13, a price-to-earnings-growth 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. The stock has a fifty day moving average of $171.58 and a 200-day moving average of $181.69.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping 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 firm had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.05 billion. During the same period last year, the company earned $2.58 earnings per share. The company’s 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. On average, equities research analysts forecast that Salesforce Inc. will post 10.27 EPS for the current year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 11th were paid 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 payout ratio is 20.37%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CRM. Evercore reissued an “outperform” rating on shares of Salesforce in a report on Tuesday, July 14th. Roth Capital reaffirmed a “buy” rating and set a $325.00 price target on shares of Salesforce in a report on Thursday, May 28th. Guggenheim upgraded Salesforce from a “neutral” rating to a “buy” rating and set a $228.00 price objective for the company in a research report on Wednesday, July 1st. Wedbush initiated coverage on Salesforce in a research note on Wednesday, July 1st. They issued an “outperform” rating on the stock. Finally, Erste Group Bank upgraded Salesforce from a “hold” rating to a “buy” rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.05.

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.