Bradley Foster & Sargent Inc. CT Sells 22,986 Shares of Salesforce Inc. $CRM

Bradley Foster & Sargent Inc. CT reduced its holdings in Salesforce Inc. (NYSE:CRM) by 58.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,592 shares of the CRM provider’s stock after selling 22,986 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Salesforce were worth $3,097,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Commonwealth Retirement Investments LLC bought a new position in shares of Salesforce in the fourth quarter valued at about $25,000. Key Capital Management INC bought a new stake in Salesforce during the 4th quarter worth about $26,000. Gilpin Wealth Management LLC acquired a new stake in Salesforce in the 4th quarter valued at about $26,000. Legacy Bridge LLC bought a new position in shares of Salesforce in the fourth quarter worth about $27,000. Finally, Costello Asset Management INC raised its stake in shares of Salesforce by 410.3% in the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock worth $28,000 after acquiring an additional 119 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CRM. HSBC increased their price target on shares of Salesforce from $350.00 to $356.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Wells Fargo & Company reduced their price objective on Salesforce from $210.00 to $200.00 and set an “equal weight” rating on the stock in a report on Thursday, May 28th. KeyCorp lowered Salesforce from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, July 8th. Evercore reissued an “outperform” rating on shares of Salesforce in a research note on Tuesday, July 14th. Finally, Truist Financial downgraded Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Salesforce presently has an average rating of “Moderate Buy” and an average target price of $249.51.

Salesforce Stock Down 0.0%

Shares of Salesforce stock opened at $163.65 on Monday. The business has a fifty day simple moving average of $170.08 and a 200 day simple moving average of $187.31. The stock has a market cap of $134.03 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. Salesforce Inc. has a 12 month low of $146.32 and a 12 month high of $274.00.

Salesforce (NYSE:CRM) last released its earnings results 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 return on equity of 18.72% and a net margin of 18.73%.The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. Research analysts predict that Salesforce Inc. will post 10.29 EPS for the current year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, June 11th. Salesforce’s dividend payout ratio is presently 20.37%.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce said the U.S. Department of Veterans Affairs awarded it a $1.6 billion, three-year agreement to help modernize veteran care and services through its Missionforce platform, a major enterprise and government win that could support future revenue growth. Article Title
• Positive Sentiment: Market commentary highlighted Salesforce as part of a broader rally in enterprise software tied to government AI deals, suggesting investors are rewarding the company’s AI-driven growth story and large-addressable-market opportunity. Article Title
• Positive Sentiment: Salesforce also announced equity awards for new employees joining from the acquisitions of Qualified and MeshMesh, reinforcing that the company is still using M&A and talent integration to expand its product capabilities. Article Title
• Neutral Sentiment: Several pieces discussed Salesforce’s longer-term outlook and AI platform strategy, including third-party takes on catalysts and new apps built on Salesforce, which support the stock’s narrative but are less immediate drivers than the VA deal. Article Title
• Negative Sentiment: One article flagged a “critical security test” for Salesforce, which could raise investor concerns about execution and platform trust, though it is not as immediate as the contract news. Article Title
• Negative Sentiment: Salesforce was also mentioned in a piece about the company falling more than the broader market the prior day, reflecting that the stock has still been under pressure despite the recent upbeat headlines. Article Title

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.