Goodman Financial Corp Has $4.64 Million Holdings in Salesforce Inc. $CRM

Goodman Financial Corp trimmed its holdings in shares of Salesforce Inc. (NYSE:CRM) by 53.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 24,855 shares of the CRM provider’s stock after selling 28,543 shares during the quarter. Goodman Financial Corp’s holdings in Salesforce were worth $4,640,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CRM. Commonwealth Retirement Investments LLC bought a new position in Salesforce during the fourth quarter worth $25,000. Board of the Pension Protection Fund acquired a new stake in Salesforce in the fourth quarter worth $26,000. Key Capital Management INC bought a new stake in Salesforce in the fourth quarter valued at $26,000. Gilpin Wealth Management LLC bought a new stake in Salesforce in the fourth quarter valued at $26,000. Finally, Legacy Bridge LLC acquired a new position in shares of Salesforce during the fourth quarter valued at about $27,000. Institutional investors own 80.43% of the company’s stock.

Salesforce Price Performance

Shares of NYSE CRM opened at $172.60 on Friday. The stock has a market cap of $141.36 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 0.90 and a beta of 1.18. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. 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 simple moving average is $170.85 and its 200 day simple moving average is $191.34.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.13 by $0.75. The firm had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.05 billion. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $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. As a group, research analysts anticipate that Salesforce Inc. will post 10.29 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on CRM. BMO Capital Markets reduced their target price on Salesforce from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Thursday, May 28th. The Goldman Sachs Group began coverage on Salesforce in a research note on Thursday, June 18th. They set a “neutral” rating on the stock. Wall Street Zen raised Salesforce from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Susquehanna started coverage on Salesforce in a report on Wednesday, July 1st. They set a “neutral” rating for the company. Finally, Wedbush assumed coverage on Salesforce in a report on Wednesday, July 1st. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.