Hillsdale Investment Management Inc. Increases Stock Holdings in Salesforce Inc. $CRM

Key Points

• Hillsdale Investment Management increased its Salesforce stake by 89.1% in the first quarter, ending with 29,694 shares worth about $5.54 million.
• Salesforce shares were down 2.1% on the day to $167.55, with the stock trading well below its 52-week high of $274.00 but above its 52-week low of $146.32.
• The company recently beat earnings expectations, reporting EPS of $3.88 versus $3.13 expected and revenue of $11.13 billion, while also paying a quarterly dividend of $0.44 per share.

Hillsdale Investment Management Inc. increased its holdings in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 89.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,694 shares of the CRM provider's stock after buying an additional 13,990 shares during the quarter. Hillsdale Investment Management Inc.'s holdings in Salesforce were worth $5,543,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Byrne Asset Management LLC increased its stake in shares of Salesforce by 1.0% during the 4th 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 during the last quarter. Fred Alger Management LLC lifted its holdings in shares of Salesforce by 0.3% during the 3rd quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider's stock worth $3,548,000 after acquiring an additional 45 shares during the period. Fulcrum Asset Management LLP boosted its position in shares of Salesforce by 1.7% in the third quarter. Fulcrum Asset Management LLP now owns 2,774 shares of the CRM provider's stock worth $657,000 after acquiring an additional 46 shares during the last quarter. Pine Haven Investment Counsel Inc boosted its position in shares of Salesforce by 1.5% in the fourth quarter. Pine Haven Investment Counsel Inc now owns 3,152 shares of the CRM provider's stock worth $835,000 after acquiring an additional 46 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. grew its holdings in Salesforce by 1.1% in the fourth quarter. Richards Merrill & Peterson Inc. now owns 4,239 shares of the CRM provider's stock valued at $1,123,000 after purchasing an additional 46 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Trading Down 2.1%

Shares of CRM stock opened at $167.55 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $274.00. The firm's 50 day moving average price is $171.40 and its two-hundred day moving average price is $192.68. The stock has a market cap of $137.23 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 0.92 and a beta of 1.18.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $0.75. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The company had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.05 billion. During the same quarter in the prior year, the business earned $2.58 earnings per share. The business's quarterly revenue 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. On average, analysts anticipate that Salesforce Inc. will post 10.29 EPS for the current year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 11th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, June 11th. Salesforce's dividend payout ratio is currently 20.37%.

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Jim Cramer urged investors to stick with Salesforce despite bearish analyst views, which may help support sentiment around the stock. Jim Cramer Urges to Stick With Salesforce Inc. (CRM) Despite Analyst Bearishness
• Positive Sentiment: Several bullish articles argue Salesforce is undervalued relative to its growth prospects, especially as investors rotate toward cheaper earnings-growth names. Earnings season plays: Profit expectations are growing for these stocks while their valuations get cheaper
• Positive Sentiment: Salesforce’s U.S. Air Force fleet-management deal highlights expanding government adoption of its Missionforce platform and strengthens the AI/logistics growth story. How a Major U.S. Air Force Fleet Deal At Salesforce (CRM) Has Changed Its Investment Story
• Positive Sentiment: Commentary from 247WallSt says Salesforce’s agentic AI opportunities could be overlooked by the market, framing the stock as a buy at current levels. Ignore Wall Street and Buy Salesforce for its Agentic AI
• Neutral Sentiment: Another 247WallSt piece compares Salesforce favorably with Palantir and argues the market may be overlooking its value, reinforcing the same bullish valuation narrative. Forget Palantir as It Bounces Back and Get in Salesforce Before Wall Street Wakes Up to Real Value
• Neutral Sentiment: Motley Fool suggested Salesforce could be undervalued if pending acquisitions help solve its growth slowdown, but the article is still more speculative than concrete. Salesforce Could Be Undervalued if This Acquisition Solves Its Biggest Growth Problem
• Negative Sentiment: KeyCorp’s Q1 earnings forecast note suggests analysts are still modeling the business closely, which can keep attention on whether Salesforce can meet elevated expectations. Q1 Earnings Forecast for Salesforce Issued By KeyCorp

Wall Street Analyst Weigh In

Several brokerages recently commented on CRM. Guggenheim raised shares of Salesforce from a "neutral" rating to a "buy" rating and set a $228.00 price target for the company in a research report on Wednesday, July 1st. Weiss Ratings upgraded shares of Salesforce from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, July 7th. Barclays raised shares of Salesforce from an "overweight" rating to an "overweight" rating in a research note on Thursday, June 18th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $225.00 target price on shares of Salesforce in a research report on Tuesday, June 16th. Finally, Piper Sandler cut Salesforce from an "overweight" rating to a "neutral" rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $254.42.

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.

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