IFM Investors Pty Ltd Purchases 7,935 Shares of Salesforce Inc. $CRM

Key Points

• IFM Investors Pty Ltd increased its stake in Salesforce Inc. by 4.3% during the second quarter, acquiring an additional 7,935 shares, bringing their total holdings to 190,797 shares valued at $52,028,000.
• Salesforce reported $2.91 EPS for the latest quarter, surpassing expectations, with revenues of $10.24 billion, reflecting a 9.8% year-over-year growth.
• The company recently declared a quarterly dividend of $0.416, resulting in an annualized yield of 0.7%, with a payout ratio of 24.13%.

IFM Investors Pty Ltd boosted its position in Salesforce Inc. (NYSE:CRM - Free Report) by 4.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 190,797 shares of the CRM provider's stock after purchasing an additional 7,935 shares during the quarter. IFM Investors Pty Ltd's holdings in Salesforce were worth $52,028,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CRM. Brighton Jones LLC boosted its position in Salesforce by 13.7% in 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 boosted its position in Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock worth $611,000 after purchasing an additional 205 shares in the last quarter. Bison Wealth LLC boosted its position in Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock worth $747,000 after purchasing an additional 184 shares in the last quarter. Voloridge Investment Management LLC purchased a new stake in Salesforce in the 4th quarter worth approximately $872,000. Finally, Continuum Advisory LLC boosted its position in Salesforce by 5.3% in the 4th quarter. Continuum Advisory LLC now owns 3,871 shares of the CRM provider's stock worth $1,294,000 after purchasing an additional 196 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Salesforce Price Performance

Shares of NYSE CRM opened at $244.47 on Friday. 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 Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The firm has a market capitalization of $232.73 billion, a PE ratio of 35.53, a price-to-earnings-growth ratio of 2.21 and a beta of 1.22. The stock's 50-day simple moving average is $251.00 and its 200-day simple moving average is $263.25.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm's revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. As a group, equities research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

Insider Buying and Selling

In other news, Director David Blair Kirk bought 3,400 shares of the firm's stock in a transaction on Tuesday, September 9th. The shares were bought at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director owned 3,824 shares in the company, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $242.39, for a total value of $545,377.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $2,887,245,694.69. This represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,077 shares of company stock worth $19,099,953. Company insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

CRM has been the topic of a number of recent analyst reports. Citigroup increased their target price on Salesforce from $275.00 to $276.00 and gave the company a "neutral" rating in a research report on Tuesday, September 9th. JPMorgan Chase & Co. decreased their target price on Salesforce from $380.00 to $365.00 and set an "overweight" rating on the stock in a research report on Thursday, September 4th. BMO Capital Markets decreased their target price on Salesforce from $335.00 to $280.00 and set an "outperform" rating on the stock in a research report on Thursday, September 4th. Needham & Company LLC reissued a "buy" rating and issued a $400.00 price objective on shares of Salesforce in a research note on Thursday, September 4th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $430.00 target price on shares of Salesforce in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $332.58.

About Salesforce

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.

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