Illinois Municipal Retirement Fund Boosts Holdings in Salesforce Inc. $CRM

Illinois Municipal Retirement Fund raised its position in shares of Salesforce Inc. (NYSE:CRM) by 51.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,525 shares of the CRM provider’s stock after acquiring an additional 26,239 shares during the period. Illinois Municipal Retirement Fund’s holdings in Salesforce were worth $21,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CRM. Brighton Jones LLC lifted its position in shares of Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after buying an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after buying an additional 205 shares during the period. Bison Wealth LLC grew its position in shares of Salesforce by 9.0% during the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after acquiring an additional 184 shares during the period. Kathmere Capital Management LLC increased its stake in shares of Salesforce by 12.1% in the 1st quarter. Kathmere Capital Management LLC now owns 1,193 shares of the CRM provider’s stock valued at $320,000 after purchasing an additional 129 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in Salesforce by 0.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 114,863 shares of the CRM provider’s stock worth $30,825,000 after purchasing an additional 352 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Marc Benioff sold 122 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $259.00, for a total transaction of $31,598.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $3,085,096,889. This trade represents a 0.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 72,122 shares of company stock valued at $17,785,853. 3.00% of the stock is owned by insiders.

Salesforce Stock Performance

Shares of CRM stock opened at $239.92 on Monday. The firm has a market capitalization of $228.40 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. The company has a 50 day moving average price of $247.41 and a 200 day moving average price of $258.32. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Sell-side analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were paid a $0.416 dividend. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce’s dividend payout ratio is currently 24.13%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CRM shares. Morgan Stanley upped their target price on Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Oppenheimer decreased their target price on Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 26th. Needham & Company LLC reissued a “buy” rating and issued a $400.00 price objective on shares of Salesforce in a research note on Thursday, October 16th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $325.00 target price on shares of Salesforce in a research note on Thursday, October 16th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $430.00 target price on shares of Salesforce in a research report on Friday, October 17th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and a consensus price target of $325.23.

Salesforce Company Profile

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.