Achmea Investment Management B.V. Increases Stock Holdings in Salesforce Inc. $CRM

Key Points

• Achmea Investment Management B.V. increased its stake in Salesforce Inc. by 9.2%, owning 148,254 shares valued at $40,427,000 after purchasing an additional 12,544 shares in the second quarter.
• Salesforce reported earnings of $2.91 per share for the quarter, beating the consensus estimate of $2.78, with a 9.8% year-over-year revenue increase to $10.24 billion.
• The company has announced a quarterly dividend of $0.416 per share, indicating a 0.7% yield and a payout ratio of 24.13%.

Achmea Investment Management B.V. lifted its stake in Salesforce Inc. (NYSE:CRM - Free Report) by 9.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 148,254 shares of the CRM provider's stock after purchasing an additional 12,544 shares during the quarter. Achmea Investment Management B.V.'s holdings in Salesforce were worth $40,427,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Painted Porch Advisors LLC lifted its stake in shares of Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock worth $25,000 after acquiring an additional 65 shares during the last quarter. Capital A Wealth Management LLC lifted its stake in shares of Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after acquiring an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its stake in shares of Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after acquiring an additional 85 shares during the last quarter. Christopher J. Hasenberg Inc lifted its stake in shares of Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock worth $32,000 after acquiring an additional 92 shares during the last quarter. Finally, Maseco LLP bought a new stake in shares of Salesforce during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 80.43% of the company's stock.

Salesforce Stock Down 0.6%

Shares of CRM stock opened at $252.82 on Thursday. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The stock's fifty day moving average price is $248.05 and its 200 day moving average price is $258.26. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $240.68 billion, a price-to-earnings ratio of 36.75, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19.

Salesforce (NYSE:CRM - Get Free Report) last announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the business earned $2.56 EPS. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were paid a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce's payout ratio is 24.13%.

Wall Street Analyst Weigh In

CRM has been the subject of a number of research analyst reports. UBS Group decreased their price target on Salesforce from $300.00 to $260.00 and set a "neutral" rating for the company in a research note on Monday, August 18th. Macquarie reaffirmed a "neutral" rating and set a $250.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Wells Fargo & Company decreased their target price on Salesforce from $275.00 to $265.00 and set an "equal weight" rating for the company in a research report on Thursday, September 4th. Northland Securities lowered Salesforce from an "outperform" rating to a "market perform" rating and set a $264.00 target price for the company. in a research report on Tuesday, October 14th. Finally, KeyCorp decreased their target price on Salesforce from $440.00 to $400.00 and set an "overweight" rating for the company in a research report on Thursday, September 4th. Twenty-five investment 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. Based on data from MarketBeat.com, Salesforce currently has an average rating of "Moderate Buy" and an average price target of $325.23.

Insider Buying and Selling at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $251.66, for a total transaction of $566,235.00. Following the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,997,665,957.86. The trade was a 0.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Blair Kirk purchased 3,400 shares of the company's stock in a transaction on Tuesday, September 9th. The shares were purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the purchase, the director owned 3,824 shares in the company, valued at approximately $973,819.84. The trade was a 801.89% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have sold 76,622 shares of company stock worth $18,858,631. 3.00% of the stock is owned by company insiders.

Salesforce 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.

Want to see what other hedge funds are holding CRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Salesforce Inc. (NYSE:CRM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.