United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Has $43.90 Million Holdings in Salesforce Inc. $CRM

Key Points

• United Super Pty Ltd boosted its Salesforce stake by 198.7% in the fourth quarter, ending with 165,704 shares valued at about $43.9 million.
• Salesforce recently reported better-than-expected quarterly results, with EPS of $3.88 and revenue of $11.13 billion, and also issued strong future guidance for FY 2027.
• The company is returning capital to shareholders through a $25 billion share repurchase program and a quarterly dividend of $0.44 per share, while analysts currently rate the stock a Moderate Buy.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its position in Salesforce Inc. (NYSE:CRM - Free Report) by 198.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,704 shares of the CRM provider's stock after purchasing an additional 110,238 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in Salesforce were worth $43,897,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CRM. Rockland Trust Co. grew its stake in shares of Salesforce by 1,145.6% in the 3rd quarter. Rockland Trust Co. now owns 13,066 shares of the CRM provider's stock valued at $3,097,000 after buying an additional 12,017 shares during the period. Alps Advisors Inc. grew its stake in shares of Salesforce by 98.3% in the 3rd quarter. Alps Advisors Inc. now owns 21,455 shares of the CRM provider's stock valued at $5,085,000 after buying an additional 10,633 shares during the period. Midwest Trust Co grew its stake in shares of Salesforce by 2.3% in the 3rd quarter. Midwest Trust Co now owns 187,071 shares of the CRM provider's stock valued at $44,336,000 after buying an additional 4,233 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Salesforce by 15.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 467,551 shares of the CRM provider's stock valued at $113,420,000 after buying an additional 61,270 shares during the period. Finally, AGF Management Ltd. grew its stake in shares of Salesforce by 42.2% in the 3rd quarter. AGF Management Ltd. now owns 281,054 shares of the CRM provider's stock valued at $66,610,000 after buying an additional 83,403 shares during the period. Institutional investors and hedge funds own 80.43% of the company's stock.

Salesforce Price Performance

Salesforce stock opened at $176.30 on Friday. Salesforce Inc. has a 52 week low of $163.52 and a 52 week high of $276.80. The company's 50 day moving average price is $180.84 and its two-hundred day moving average price is $210.72. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18. The stock has a market cap of $144.26 billion, a P/E ratio of 20.41, a P/E/G ratio of 1.23 and a beta of 1.14.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 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 16.70%. The firm had revenue of $11.13 billion for the quarter, compared to analysts' expectations of $11.05 billion. During the same quarter last year, the firm earned $2.58 EPS. The company'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, equities analysts predict that Salesforce Inc. will post 9.72 earnings per share for the current year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. Salesforce's dividend payout ratio (DPR) is currently 22.54%.

Salesforce announced that its board has approved a share repurchase program on Monday, March 16th that authorizes the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization authorizes the CRM provider to buy up to 14.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

CRM has been the subject of several research reports. Wall Street Zen downgraded Salesforce from a "buy" rating to a "hold" rating in a research note on Saturday, April 18th. Stifel Nicolaus reduced their target price on Salesforce from $300.00 to $250.00 and set a "buy" rating for the company in a research note on Thursday, February 26th. Weiss Ratings downgraded Salesforce from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. dropped their price target on shares of Salesforce from $365.00 to $320.00 and set an "overweight" rating on the stock in a research report on Thursday, February 26th. Finally, Barclays dropped their price target on shares of Salesforce from $252.00 to $236.00 and set an "overweight" rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $259.47.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce beat Q1 earnings and revenue estimates, raised full-year profit guidance, and said Agentforce ARR passed $1 billion, reinforcing momentum in its AI strategy.
• Positive Sentiment: The company announced a $25 billion accelerated buyback, which should provide direct support to shareholder returns and may help limit downside.
• Positive Sentiment: Several analysts remained constructive, with firms like Wedbush, Piper Sandler, Cantor Fitzgerald, and B. Riley reiterating bullish ratings and high price targets despite trimming estimates.
• Neutral Sentiment: Citigroup and other banks lowered price targets modestly, but most still kept neutral-to-positive views, suggesting the Street is resetting expectations rather than turning outright bearish.
• Negative Sentiment: The stock is being held back by slightly light revenue guidance and continued investor concern that AI competition could pressure Salesforce’s growth profile over time.

Insider Activity at Salesforce

In other news, Director Laura Alber bought 2,571 shares of the company's stock in a transaction on Thursday, March 19th. The shares were purchased at an average price of $194.58 per share, with a total value of $500,265.18. Following the transaction, the director directly owned 9,530 shares in the company, valued at $1,854,347.40. This represents a 36.94% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Blair Kirk purchased 2,570 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was bought at an average cost of $194.62 per share, for a total transaction of $500,173.40. Following the acquisition, the director directly owned 13,689 shares in the company, valued at $2,664,153.18. This trade represents a 23.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.50% of the stock is owned by company insiders.

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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