Tulsa Wealth Advisors INC Purchases Shares of 7,061 Salesforce Inc. $CRM

Key Points

• Tulsa Wealth Advisors initiated a new position in Salesforce, buying 7,061 shares valued at about $1.87 million in the fourth quarter.
• Salesforce reported strong quarterly results, with EPS of $3.88 topping estimates and revenue of $11.13 billion, up 13.3% year over year.
• The company continues to draw attention from investors and analysts: it has a $25 billion share repurchase authorization, a quarterly dividend of $0.44 per share, and a consensus Wall Street rating of Moderate Buy.

Tulsa Wealth Advisors INC purchased a new stake in Salesforce Inc. (NYSE:CRM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,061 shares of the CRM provider's stock, valued at approximately $1,871,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRM. Brighton Jones LLC increased its position in Salesforce by 13.7% during the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock valued at $8,582,000 after purchasing an additional 3,102 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock worth $611,000 after purchasing an additional 205 shares during the period. Bison Wealth LLC boosted its stake in shares of Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock valued at $747,000 after purchasing an additional 184 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Salesforce by 3.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider's stock valued at $807,000 after purchasing an additional 106 shares during the last quarter. Finally, United Bank increased its position in shares of Salesforce by 5.2% during the second quarter. United Bank now owns 10,198 shares of the CRM provider's stock worth $2,781,000 after buying an additional 500 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Trading Down 0.1%

NYSE:CRM opened at $151.67 on Friday. Salesforce Inc. has a 12 month low of $149.80 and a 12 month high of $276.80. 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 PEG ratio of 0.94 and a beta of 1.16. The firm has a fifty day simple moving average of $177.42 and a two-hundred day simple moving average of $204.35.

Salesforce (NYSE:CRM - Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.13 by $0.75. The firm had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Analysts expect that Salesforce Inc. will post 10.29 EPS for the current fiscal year.

Salesforce declared that its Board of Directors has authorized a share repurchase program on Monday, March 16th that permits the company to buyback $25.00 billion in outstanding shares. This buyback authorization permits the CRM provider to purchase up to 14.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Thursday, June 11th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 11th. Salesforce's dividend payout ratio is 20.37%.

Key Stories Impacting 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?

Wall Street Analyst Weigh In

A number of brokerages have commented on CRM. KeyCorp cut their price target on shares of Salesforce from $300.00 to $290.00 and set an "overweight" rating on the stock in a research report on Thursday, May 28th. Daiwa Securities Group lowered their price objective on Salesforce from $295.00 to $280.00 and set a "buy" rating for the company in a research report on Tuesday, June 2nd. Truist Financial set a $280.00 price objective on Salesforce in a research report on Thursday, February 26th. Barclays upgraded Salesforce from an "overweight" rating to an "overweight" rating in a research report on Thursday. Finally, Northland Securities decreased their target price on Salesforce from $267.00 to $229.00 and set a "market perform" rating for the company in a research note on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $257.61.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.