9,932 Shares in Salesforce Inc. $CRM Acquired by Buckland Partners Management Co LLC

Key Points

• Buckland Partners Management acquired 9,932 Salesforce shares valued at approximately $1.56 million during the second quarter. Institutional investors collectively own 80.43% of Salesforce’s outstanding stock.
• Salesforce reported quarterly EPS of $3.88, exceeding the $3.13 analyst consensus, while revenue rose 13.3% year over year to $11.13 billion. The company also pays a quarterly dividend of $0.44, equivalent to a 0.9% yield.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $249.05 price target, despite several recent rating downgrades to neutral or negative.

Buckland Partners Management Co LLC bought a new position in shares of Salesforce Inc. (NYSE:CRM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,932 shares of the CRM provider's stock, valued at approximately $1,560,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CRM. Commonwealth Retirement Investments LLC purchased a new stake in shares of Salesforce during the 4th quarter worth $25,000. Gilpin Wealth Management LLC purchased a new position in Salesforce in the fourth quarter valued at about $26,000. Persistent Asset Partners Ltd bought a new position in Salesforce in the second quarter worth about $27,000. Costello Asset Management INC raised its holdings in Salesforce by 410.3% in the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider's stock worth $28,000 after purchasing an additional 119 shares in the last quarter. Finally, Birchwood Financial Partners Inc. purchased a new stake in shares of Salesforce during the fourth quarter valued at about $28,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce Price Performance

Shares of CRM opened at $191.20 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. The company's fifty day moving average price is $171.58 and its 200-day moving average price is $181.69. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $269.11. The firm has a market capitalization of $156.59 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 1.06 and a beta of 1.16.

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, 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 company had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.05 billion. During the same quarter last year, the business posted $2.58 EPS. The firm's quarterly 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 predict that Salesforce Inc. will post 10.27 EPS for the current year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, June 11th. Salesforce's dividend payout ratio (DPR) is presently 20.37%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CRM shares. HC Wainwright cut shares of Salesforce to a "negative" rating in a report on Thursday, June 18th. The Goldman Sachs Group started coverage on Salesforce in a report on Thursday, June 18th. They set a "neutral" rating for the company. Piper Sandler cut Salesforce from an "overweight" rating to a "neutral" rating in a research report on Thursday, May 28th. Wedbush assumed coverage on Salesforce in a research note on Wednesday, July 1st. They issued an "outperform" rating for the company. Finally, Roth Capital reissued a "buy" rating and issued a $325.00 price target on shares of Salesforce in a report on Thursday, May 28th. 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 given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $249.05.

About Salesforce

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.

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