Dimensional Fund Advisors LP Sells 53,412 Shares of Salesforce Inc. $CRM

Dimensional Fund Advisors LP decreased its position in shares of Salesforce Inc. (NYSE:CRM) by 1.3% during the first quarter, Holdings Channel reports. The institutional investor owned 3,984,154 shares of the CRM provider’s stock after selling 53,412 shares during the period. Dimensional Fund Advisors LP’s holdings in Salesforce were worth $743,713,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Byrne Asset Management LLC raised its holdings in Salesforce by 1.0% during the fourth 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 period. Fred Alger Management LLC boosted its stake in shares of Salesforce by 0.3% in the third 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. Pine Haven Investment Counsel Inc grew its position in shares of Salesforce by 1.5% during the fourth quarter. Pine Haven Investment Counsel Inc now owns 3,152 shares of the CRM provider’s stock worth $835,000 after purchasing an additional 46 shares in the last quarter. Richards Merrill & Peterson Inc. grew its position in shares of Salesforce by 1.1% during the fourth quarter. Richards Merrill & Peterson Inc. now owns 4,239 shares of the CRM provider’s stock worth $1,123,000 after purchasing an additional 46 shares in the last quarter. Finally, Wright Investors Service Inc. raised its stake in Salesforce by 0.8% during the 4th quarter. Wright Investors Service Inc. now owns 6,186 shares of the CRM provider’s stock valued at $1,639,000 after purchasing an additional 47 shares during the period. Institutional investors own 80.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CRM shares. HSBC boosted their price target on Salesforce from $350.00 to $356.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Citizens Jmp reiterated a “market outperform” rating and set a $315.00 price objective on shares of Salesforce in a research report on Thursday, May 28th. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 target price on shares of Salesforce in a report on Thursday, May 28th. CLSA initiated coverage on shares of Salesforce in a research report on Monday. They set a “hold” rating for the company. Finally, DA Davidson cut their target price on shares of Salesforce from $200.00 to $175.00 and set a “neutral” rating for the company in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.42.

Salesforce Trading Up 0.3%

Shares of CRM stock opened at $171.20 on Monday. The company has a market cap of $140.21 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 0.92 and a beta of 1.18. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $274.00. The stock’s 50 day simple moving average is $170.64 and its two-hundred day simple moving average is $190.67. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The firm had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter in the previous year, the business earned $2.58 EPS. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Research analysts predict that Salesforce Inc. will post 10.29 earnings per share for the current year.

Salesforce Announces Dividend

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 dividend of $0.44 per share. The ex-dividend date was Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. Salesforce’s payout ratio is 20.37%.

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.