76,617 Shares in Salesforce Inc. $CRM Purchased by First National Bank of Omaha

First National Bank of Omaha acquired a new stake in Salesforce Inc. (NYSE:CRM) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 76,617 shares of the CRM provider’s stock, valued at approximately $12,060,000.

Other large investors have also made changes to their positions in the company. Commonwealth Retirement Investments LLC acquired a new stake in Salesforce in the 4th quarter valued at $25,000. Gilpin Wealth Management LLC purchased a new position in Salesforce during the fourth quarter valued at $26,000. Persistent Asset Partners Ltd purchased a new stake in shares of Salesforce during the second quarter worth about $27,000. Costello Asset Management INC increased its stake in shares of Salesforce by 410.3% during the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 119 shares in the last quarter. Finally, Birchwood Financial Partners Inc. acquired a new position in shares of Salesforce during the 4th quarter worth about $28,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Performance

Shares of Salesforce stock opened at $196.28 on Wednesday. The business’s 50 day moving average price is $172.00 and its 200 day moving average price is $181.47. The company has a market cap of $160.76 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 1.06 and a beta of 1.16. 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 one year low of $146.32 and a one year high of $269.11.

Salesforce (NYSE:CRM) last issued 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 return on equity of 18.72% and a net margin of 18.73%.The company had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.05 billion. During the same period in the prior year, the business earned $2.58 EPS. The firm’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. On average, research analysts predict that Salesforce Inc. will post 10.27 EPS for the current year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 11th were issued a $0.44 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.9%. Salesforce’s dividend payout ratio is currently 20.37%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CRM shares. Jefferies Financial Group raised shares of Salesforce from a “buy” rating to a “buy” rating in a research note on Wednesday, July 1st. 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 report on Thursday, May 28th. Piper Sandler downgraded Salesforce from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 28th. Phillip Securities lowered Salesforce from a “buy” rating to a “hold” rating and lowered their price target for the stock from $253.00 to $166.00 in a research note on Monday, June 29th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $315.00 price target on shares of Salesforce in a research report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.49.

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.