Fisher Funds Management LTD Sells 147,952 Shares of Salesforce Inc. $CRM

Fisher Funds Management LTD lowered its position in Salesforce Inc. (NYSE:CRM) by 52.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,513 shares of the CRM provider’s stock after selling 147,952 shares during the quarter. Fisher Funds Management LTD’s holdings in Salesforce were worth $25,110,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CRM. Commonwealth Retirement Investments LLC purchased a new position in shares of Salesforce during the 4th quarter worth about $25,000. Board of the Pension Protection Fund purchased a new stake in Salesforce in the 4th quarter worth about $26,000. Key Capital Management INC bought a new stake in Salesforce in the fourth quarter worth about $26,000. Gilpin Wealth Management LLC bought a new stake in Salesforce in the fourth quarter worth about $26,000. Finally, Legacy Bridge LLC purchased a new position in shares of Salesforce during the fourth quarter valued at approximately $27,000. Institutional investors own 80.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 target price on shares of Salesforce in a research note on Thursday, May 28th. B. Riley Financial raised their price target on Salesforce from $205.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Wedbush restated an “outperform” rating and set a $325.00 price objective on shares of Salesforce in a report on Thursday, May 28th. Roth Mkm reaffirmed a “buy” rating and issued a $325.00 price objective on shares of Salesforce in a research report on Thursday, May 28th. Finally, Macquarie Infrastructure reduced their target price on Salesforce from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $257.61.

Salesforce Price Performance

Shares of CRM stock opened at $151.67 on Monday. The company has a market capitalization of $124.22 billion, a P/E ratio of 17.55, a P/E/G ratio of 0.94 and a beta of 1.16. The company’s 50-day simple moving average is $177.42 and its two-hundred day simple moving average is $204.15. Salesforce Inc. has a one year low of $149.80 and a one year high of $276.80. 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 (NYSE:CRM) last posted 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. The firm had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The company’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.58 earnings per share. 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 analysts anticipate that Salesforce Inc. will post 10.29 EPS for the current year.

Salesforce Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 1.2%. Salesforce’s payout ratio is 20.37%.

Salesforce declared that its board has initiated a share 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 reacquire up to 14.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Monness Crespi & Hardt upgraded Salesforce to buy from neutral and set a $200 price target, signaling roughly 32% upside and citing valuation appeal plus AI-related gains. Monness upgrades Salesforce stock on valuation, AI gains; sees 31% upside
• Positive Sentiment: Truist reiterated confidence in Salesforce following its $3.6 billion acquisition of Fin, a move that could strengthen the company’s AI/customer-agent product lineup. Salesforce (CRM) Earns Vote of Confidence from Truist after $3.6 Billion Acquisition
• Positive Sentiment: Several recent articles highlighted Salesforce as a long-term growth name and an AI beneficiary, with bullish coverage around its Agentforce strategy and generative AI positioning. Why Salesforce (CRM) is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Comparison pieces versus Oracle and broad stock-picking articles suggest investors are weighing Salesforce’s slower recent performance against its AI growth narrative rather than reacting to a single new catalyst. Oracle vs. Salesforce: Which Tech Giant Is The Better Buy?
• Negative Sentiment: A recent commentary noted that Salesforce stock has fallen sharply this year, reflecting investor concern about execution, growth expectations, and the company’s discounted valuation versus past highs. Salesforce (CRM) Stock Plunges 41% This Year — A Buying Opportunity Emerges?

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.