Oppenheimer Asset Management Inc. purchased a new position in shares of Salesforce Inc. (NYSE:CRM – Free Report) during the <a href="https://bitcomme.com/seabridge-gold-files-second-quarter-2026-report-to-shareholders-and-its-financial-statements-and-mda/” title=”Seabridge Gold Files Second Quarter 2026 Report to Shareholders and Its Financial Statements and MD&A”>second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 89,022 shares of the CRM provider’s stock, valued at approximately $13,946,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CRM. Commonwealth Retirement Investments LLC acquired a new position in Salesforce in the fourth quarter worth $25,000. Key Capital Management INC bought a new stake in shares of Salesforce during the fourth quarter worth $26,000. Gilpin Wealth Management LLC acquired a new stake in shares of Salesforce in the fourth quarter valued at $26,000. Birchwood Financial Partners Inc. acquired a new stake in shares of Salesforce in the fourth quarter valued at $28,000. Finally, Swiss RE Ltd. bought a new position in shares of Salesforce in the fourth quarter valued at about $28,000. 80.43% of the stock is owned by institutional investors and hedge funds.
Salesforce Stock Performance
Shares of NYSE:CRM opened at $195.86 on Friday. The stock has a market capitalization of $160.41 billion, a P/E ratio of 22.67, a P/E/G ratio of 1.09 and a beta of 1.16. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $269.11. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15. The business has a 50-day moving average price of $171.41 and a two-hundred day moving average price of $182.28.
Salesforce (NYSE:CRM – Get Free Report) last issued its earnings results 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 company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same quarter last year, the firm earned $2.58 EPS. The company’s revenue for the quarter 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. Equities analysts predict that Salesforce Inc. will post 10.27 earnings per share for the current year.
Salesforce Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders 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 yield of 0.9%. The ex-dividend date of this dividend was Thursday, June 11th. Salesforce’s payout ratio is currently 20.37%.
Analysts Set New Price Targets
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CRM has been the topic of a number of research analyst reports. Erste Group Bank raised shares of Salesforce from a “hold” rating to a “buy” rating in a report on Wednesday, August 5th. Sanford C. Bernstein dropped their target price on shares of Salesforce from $194.00 to $173.00 and set an “underperform” rating for the company in a research note on Thursday, May 28th. Jefferies Financial Group raised shares of Salesforce from a “buy” rating to a “buy” rating in a research note on Wednesday, July 1st. Wells Fargo & Company upped their target price on shares of Salesforce from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Bank of America assumed coverage on shares of Salesforce in a research note on Monday, May 18th. They set an “underperform” rating and a $160.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $249.05.
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