Salesforce Inc. $CRM Shares Sold by ABN Amro Investment Solutions

ABN Amro Investment Solutions lessened its stake in Salesforce Inc. (NYSE:CRMFree Report) by 17.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 234,026 shares of the CRM provider’s stock after selling 49,537 shares during the period. ABN Amro Investment Solutions’ holdings in Salesforce were worth $43,686,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CRM. Oslo Pensjonsforsikring AS bought a new stake in Salesforce in the first quarter valued at about $934,000. DJE Kapital AG bought a new position in Salesforce during the 1st quarter worth approximately $33,636,000. Madison Asset Management LLC grew its position in shares of Salesforce by 98.7% in the 1st quarter. Madison Asset Management LLC now owns 92,577 shares of the CRM provider’s stock worth $17,281,000 after acquiring an additional 45,978 shares in the last quarter. MWA Asset Management acquired a new position in shares of Salesforce in the 1st quarter worth approximately $102,000. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in shares of Salesforce by 440.4% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 380,625 shares of the CRM provider’s stock valued at $71,051,000 after acquiring an additional 310,193 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

Salesforce Stock Performance

Shares of CRM opened at $170.37 on Wednesday. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $274.00. The company has a market cap of $139.53 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 0.94 and a beta of 1.18. 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 firm has a fifty day moving average of $170.55 and a 200-day moving average of $189.35.

Salesforce (NYSE:CRMGet Free Report) last released its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $11.05 billion. During the same quarter last year, the company earned $2.58 EPS. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. 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 earnings per share for the current year.

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were given a dividend of $0.44 per share. The ex-dividend date was Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. Salesforce’s payout ratio is currently 20.37%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CRM shares. Barclays upgraded Salesforce from an “overweight” rating to an “overweight” rating in a research note on Thursday, June 18th. Canaccord Genuity Group reissued a “buy” rating and set a $225.00 target price on shares of Salesforce in a report on Tuesday, June 16th. UBS Group restated an “equal weight” rating on shares of Salesforce in a research report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating on shares of Salesforce in a research report on Tuesday, June 16th. Finally, KeyCorp lowered shares of Salesforce from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $249.51.

Check Out Our Latest Research Report on CRM

Salesforce Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Salesforce (NYSE:CRM)

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