71 West Capital Partners Purchases New Holdings in Salesforce Inc. $CRM

71 West Capital Partners acquired a new stake in shares of Salesforce Inc. (NYSE:CRM) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 32,946 shares of the CRM provider’s stock, valued at approximately $8,728,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mmbg Investment Advisors CO. grew its stake in shares of Salesforce by 8.2% in the third quarter. Mmbg Investment Advisors CO. now owns 79,627 shares of the CRM provider’s stock worth $18,905,000 after acquiring an additional 6,045 shares during the period. NEOS Investment Management LLC grew its stake in shares of Salesforce by 50.0% in the third quarter. NEOS Investment Management LLC now owns 116,874 shares of the CRM provider’s stock worth $27,699,000 after acquiring an additional 38,963 shares during the period. SFE Investment Counsel grew its stake in shares of Salesforce by 82.7% in the fourth quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider’s stock worth $4,608,000 after acquiring an additional 7,871 shares during the period. Van ECK Associates Corp grew its stake in shares of Salesforce by 8.9% in the third quarter. Van ECK Associates Corp now owns 1,299,513 shares of the CRM provider’s stock worth $307,984,000 after acquiring an additional 106,107 shares during the period. Finally, Fisher Asset Management LLC grew its stake in shares of Salesforce by 2.4% in the third quarter. Fisher Asset Management LLC now owns 4,328,230 shares of the CRM provider’s stock worth $1,025,791,000 after acquiring an additional 101,191 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Salesforce Price Performance

Shares of NYSE:CRM opened at $164.45 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. Salesforce Inc. has a 1-year low of $161.40 and a 1-year high of $276.80. The company has a market capitalization of $134.69 billion, a P/E ratio of 19.03, a P/E/G ratio of 1.03 and a beta of 1.16. The firm’s 50 day simple moving average is $179.65 and its two-hundred day simple moving average is $206.26.

Salesforce (NYSE:CRM) last issued its quarterly 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. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The business had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter in the previous year, the firm earned $2.58 earnings per share. 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. Research analysts expect that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce declared that its Board of Directors has authorized a share buyback program on Monday, March 16th that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the CRM provider to buy up to 14.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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 issued 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 1.1%. Salesforce’s payout ratio is currently 20.37%.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce’s acquisition of Fin should strengthen its AI agent offerings and expand its ability to automate customer service across chat, email, WhatsApp, SMS, voice, and Slack, which could improve long-term growth prospects. Reuters: Salesforce to buy Fin for about $3.6 billion
• Positive Sentiment: Analysts said the Fin deal reinforces Salesforce’s AI strategy and may ease concerns about slowing software demand by giving CRM a stronger product story in autonomous customer support. Yahoo Finance: Salesforce’s $3.6 Billion Fin Acquisition Strengthens AI Strategy, Wedbush Says
• Positive Sentiment: Salesforce’s latest results showed 13% year-over-year revenue growth to $11.1 billion and margin expansion, while management remains upbeat about faster second-half growth driven by Agentforce adoption and AI integration. Seeking Alpha: Salesforce Is Consuming Everything Between AI And Itself
• Neutral Sentiment: Several market commentary pieces and analyst comparisons highlighted CRM as relatively attractive versus peers on valuation and AI momentum, but these are more supportive context than immediate catalysts. Zacks: ServiceNow vs. Salesforce
• Negative Sentiment: Salesforce remains below key moving averages and has recently been trading near its 12-month low, showing that investors are still weighing execution risk and broader skepticism about software growth. Seeking Alpha: Salesforce: A New Breakdown Point Could Be Coming Fast

Insider Activity at Salesforce

In other news, Director David Blair Kirk purchased 2,570 shares of the stock in a transaction on Wednesday, March 18th. The shares were acquired at an average price of $194.62 per share, with a total value of $500,173.40. Following the completion of the acquisition, the director directly 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. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Laura Alber purchased 2,571 shares of the stock in a transaction on Thursday, March 19th. The shares were purchased at an average cost of $194.58 per share, for a total transaction of $500,265.18. Following the acquisition, the director directly owned 9,530 shares of the company’s stock, valued at approximately $1,854,347.40. This represents a 36.94% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CRM shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price target on shares of Salesforce in a research note on Thursday, May 28th. Stifel Nicolaus reduced their price target on shares of Salesforce from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. BMO Capital Markets reduced their price target on shares of Salesforce from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Thursday, May 28th. Bank of America started coverage on shares of Salesforce in a research note on Monday, May 18th. They issued an “underperform” rating and a $160.00 price target for the company. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $281.00 price target on shares of Salesforce in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Salesforce currently has a consensus rating of “Moderate Buy” and an average target price of $259.26.

Salesforce 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.