Calamos Advisors LLC Has $50.47 Million Holdings in Salesforce Inc. $CRM

Calamos Advisors LLC lessened its position in Salesforce Inc. (NYSE:CRM - Free Report) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 270,364 shares of the CRM provider's stock after selling 6,416 shares during the quarter. Calamos Advisors LLC's holdings in Salesforce were worth $50,469,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock worth $8,582,000 after buying an additional 3,102 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock worth $611,000 after buying an additional 205 shares during the last quarter. Bison Wealth LLC boosted its position in shares of Salesforce by 9.0% in the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock valued at $747,000 after acquiring an additional 184 shares during the period. Sivia Capital Partners LLC boosted its position in shares of Salesforce by 3.7% in the second quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider's stock valued at $807,000 after acquiring an additional 106 shares during the period. Finally, United Bank grew its stake in shares of Salesforce by 5.2% in the second quarter. United Bank now owns 10,198 shares of the CRM provider's stock worth $2,781,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. UBS Group initiated coverage on shares of Salesforce in a research report on Wednesday, July 1st. They set an "overweight" rating on the stock. HC Wainwright lowered shares of Salesforce to a "negative" rating in a research report on Thursday, June 18th. Wedbush began coverage on shares of Salesforce in a report on Wednesday, July 1st. They set an "outperform" rating on the stock. BMO Capital Markets cut their price objective on shares of Salesforce from $225.00 to $215.00 and set an "outperform" rating for the company in a research report on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of Salesforce from a "hold" rating to a "buy" rating in a research note on Saturday, June 6th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Salesforce has a consensus rating of "Moderate Buy" and a consensus price target of $254.42.

Salesforce Stock Performance

Shares of NYSE CRM opened at $171.39 on Tuesday. The firm has a market capitalization of $140.37 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 0.88 and a beta of 1.18. Salesforce Inc. has a one year low of $146.32 and a one year high of $274.00. The business has a fifty day simple moving average of $171.79 and a 200 day simple moving average of $193.37. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $11.13 billion for 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 business's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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. Sell-side analysts expect that Salesforce Inc. will post 10.29 EPS for the current year.

Salesforce Announces Dividend

The firm also recently announced 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. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, June 11th. Salesforce's payout ratio is 20.37%.

Salesforce declared that its Board of Directors has approved a share repurchase program on Monday, March 16th that allows the company to buyback $25.00 billion in shares. This buyback authorization allows 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 leadership believes its shares are undervalued.

Salesforce Company 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.

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