Fisher Funds Management LTD Lowers Stock Holdings in Salesforce Inc. $CRM

Key Points

• Fisher Funds Management cut its Salesforce stake by 52.4% in the first quarter, selling 147,952 shares and leaving it with 134,513 shares valued at about $25.1 million.
• Salesforce recently reported better-than-expected earnings, posting $3.88 EPS versus the $3.13 estimate and revenue of $11.13 billion, up 13.3% year over year. The company also issued FY2027 guidance and announced a quarterly dividend of $0.44 per share.
• Wall Street sentiment remains mostly constructive despite some target cuts: analysts currently rate Salesforce a Moderate Buy on average with a consensus price target of $257.61, while the stock has been trading near its 12-month low after a sharp pullback from its highs.

Fisher Funds Management LTD lowered its position in Salesforce Inc. (NYSE:CRM - Free Report) by 52.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 134,513 shares of the CRM provider's stock after selling 147,952 shares during the period. Fisher Funds Management LTD's holdings in Salesforce were worth $25,110,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Byrne Asset Management LLC lifted its position in shares of Salesforce by 1.0% in the fourth quarter. Byrne Asset Management LLC now owns 4,331 shares of the CRM provider's stock valued at $1,147,000 after acquiring an additional 43 shares in the last quarter. Mathes Company Inc. grew its position in shares of Salesforce by 0.4% during the third quarter. Mathes Company Inc. now owns 12,558 shares of the CRM provider's stock worth $2,976,000 after purchasing an additional 45 shares in the last quarter. Fred Alger Management LLC grew its position in shares of Salesforce by 0.3% during the third quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider's stock worth $3,548,000 after purchasing an additional 45 shares in the last quarter. Fulcrum Asset Management LLP raised its stake in Salesforce by 1.7% during the 3rd quarter. Fulcrum Asset Management LLP now owns 2,774 shares of the CRM provider's stock valued at $657,000 after purchasing an additional 46 shares during the period. Finally, Pine Haven Investment Counsel Inc raised its stake in Salesforce by 1.5% during the 4th quarter. Pine Haven Investment Counsel Inc now owns 3,152 shares of the CRM provider's stock valued at $835,000 after purchasing an additional 46 shares during the period. Hedge funds and other institutional investors own 80.43% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CRM shares. BMO Capital Markets dropped their price target on Salesforce from $225.00 to $215.00 and set an "outperform" rating for the company in a research note on Thursday, May 28th. Jefferies Financial Group reiterated a "buy" rating on shares of Salesforce in a research report on Monday, June 15th. DA Davidson reduced their price target on shares of Salesforce from $200.00 to $175.00 and set a "neutral" rating on the stock in a report on Thursday, May 28th. Morgan Stanley reduced their price objective on Salesforce from $398.00 to $287.00 and set an "overweight" rating on the stock in a research note on Monday, February 23rd. Finally, Monness Crespi & Hardt raised Salesforce from a "neutral" rating to a "buy" rating and set a $200.00 price objective on the stock in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $257.61.

Salesforce Stock Down 0.1%

Shares of NYSE CRM opened at $151.67 on Monday. The firm's 50-day moving average price is $177.42 and its 200-day moving average price is $204.15. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $124.22 billion, a price-to-earnings ratio of 17.55, a P/E/G ratio of 0.94 and a beta of 1.16. Salesforce Inc. has a 12-month low of $149.80 and a 12-month high of $276.80.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, beating analysts' consensus estimates 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 firm's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.58 EPS. 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 anticipate that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 11th. Salesforce's dividend payout ratio (DPR) is presently 20.37%.

Salesforce declared that its board has authorized a stock buyback plan on Monday, March 16th that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the CRM provider to reacquire up to 14.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Trending Headlines about 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 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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