5 Best S&P 500 Stocks That Don’t Pay Dividends

In this article, we will be taking a look at the 5 best S&P 500 stocks that don’t pay dividends. To read our detailed analysis of these stocks and the performance of the S&P 500 so far this year, you can go directly to see the 15 Best S&P 500 Stocks That Don’t Pay Dividends.

5. salesforce.com, inc. (NYSE:CRM)

Number of Hedge Fund Holders: 117

salesforce.com, inc. (NYSE:CRM) is an application software company. It provides customer relationship management technology bringing companies and customers together globally.

Raymond James’ Brian Peterson reiterated a Strong Buy rating on salesforce.com, inc. (NYSE:CRM) on December 1.

It is expected that salesforce.com, inc. (NYSE:CRM) will see revenue growth of 17% in the fourth quarter. The company has a solid balance sheet with $6.4 billion in net cash. Deferred revenue growth in the third quarter stood at 11%.

In total, 117 hedge funds were long salesforce.com, inc. (NYSE:CRM) in the third quarter, with a total stake value of $8.2 billion.

Aristotle Atlantic Partners, LLC, an investment advisor, mentioned salesforce.com, inc. (NYSE:CRM) in its third-quarter 2022 investor letter. Here’s what the firm said:

“We sold Salesforce, Inc. (NYSE:CRM) to reduce our weighting in the Information Technology sector. Salesforce held their investor day, and the company reiterated their organic Fiscal Year 2026 revenue target of $50 billion. This target remains more back-end loaded based on current slowing macroeconomic conditions and requires new annual contract growth well ahead of what the company has been averaging for the past few years. We are skeptical that the company will be able to achieve this revenue target organically and see Merger & Acquisitions (M&A) being key to achieving the growth. While we believe Salesforce has shown good success in growing its non-CRM clouds, we do see more competitive pressures emerging for the Marketing and Customer Service Clouds, specifically on the pricing side during a global economic slowdown.”