Stocks
Institutional Investors Flock to Salesforce Amid AI Growth Narrative
Dearborn Partners LLC has taken a position in Salesforce Inc. (NYSE:CRM), purchasing 3,845 shares valued at approximately $602,000 during the second quarter.
This is not the only institutional investor to have modified their holdings of CRM recently; Commonwealth Retirement Investments LLC, Gilpin Wealth Management LLC, Birchwood Financial Partners Inc., Swiss RE Ltd., and Dogwood Wealth Management LLC have all made similar moves.
The company's Q3 2027 guidance is for $3.420-3.440 EPS, while its FY 2027 guidance is for 16.670-16.710 EPS. Analysts predict Salesforce will post $10.27 earnings per share for the current fiscal year.