Salesforce Inc. $CRM Shares Sold by Y.D. More Investments Ltd

Key Points

• Y.D. More Investments Ltd cut its Salesforce stake by 51.1% in Q1, selling 4,522 shares and leaving it with 4,333 shares worth about $809,000.
• Salesforce reported better-than-expected fiscal Q1 results, posting $3.88 EPS on $11.13 billion in revenue and raising guidance for FY 2027 and Q2 2027.
• The company has authorized a $25 billion share buyback and pays a quarterly dividend of $0.44, while analysts currently rate the stock a Moderate Buy with an average target price of $254.42.

Y.D. More Investments Ltd lowered its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 51.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,333 shares of the CRM provider's stock after selling 4,522 shares during the period. Y.D. More Investments Ltd's holdings in Salesforce were worth $809,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Salesforce by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 89,843,166 shares of the CRM provider's stock worth $23,800,353,000 after acquiring an additional 270,913 shares during the last quarter. State Street Corp grew its stake in Salesforce by 1.3% during the 4th quarter. State Street Corp now owns 50,080,230 shares of the CRM provider's stock valued at $13,286,909,000 after purchasing an additional 659,573 shares during the last quarter. J. Stern & Co. LLP increased its holdings in shares of Salesforce by 24,056.7% in the fourth quarter. J. Stern & Co. LLP now owns 47,385,511 shares of the CRM provider's stock valued at $12,552,896,000 after purchasing an additional 47,189,352 shares during the period. Capital International Investors increased its holdings in shares of Salesforce by 13.3% in the fourth quarter. Capital International Investors now owns 22,721,010 shares of the CRM provider's stock valued at $6,019,199,000 after purchasing an additional 2,669,891 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Salesforce by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 21,782,556 shares of the CRM provider's stock worth $5,751,073,000 after purchasing an additional 791,345 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Price Performance

NYSE:CRM opened at $171.39 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 firm has a market cap of $140.37 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18. The company has a 50 day moving average price of $171.79 and a 200-day moving average price of $193.37. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $274.00.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $11.13 billion during the quarter, compared to analysts' expectations of $11.05 billion. During the same period in the previous year, the business posted $2.58 EPS. The business's 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. Equities research analysts forecast that Salesforce Inc. will post 10.29 EPS for the current year.

Salesforce declared that its Board of Directors has authorized a stock buyback plan on Monday, March 16th that allows the company to repurchase $25.00 billion in shares. This repurchase authorization allows the CRM provider to reacquire up to 14.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were given a $0.44 dividend. The ex-dividend date was Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. Salesforce's dividend payout ratio is 20.37%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CRM. Piper Sandler lowered Salesforce from an "overweight" rating to a "neutral" rating in a research report on Thursday, May 28th. Susquehanna initiated coverage on shares of Salesforce in a research report on Wednesday, July 1st. They set a "neutral" rating for the company. Macquarie Infrastructure decreased their price objective on shares of Salesforce from $200.00 to $190.00 and set a "neutral" rating for the company in a research note on Thursday, May 28th. Bank of America assumed coverage on shares of Salesforce in a report on Monday, May 18th. They issued an "underperform" rating and a $160.00 price objective on the stock. Finally, Citizens Jmp reiterated a "market outperform" rating and issued a $315.00 price objective on shares of Salesforce in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $254.42.

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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