Ilmarinen Mutual Pension Insurance Co Buys 6,000 Shares of Salesforce Inc. $CRM

Key Points

• Ilmarinen Mutual Pension Insurance Co has increased its holdings in Salesforce Inc. by 4.0%, now owning 156,000 shares worth approximately $41.86 million.
• Salesforce reported earnings of $2.91 per share for the last quarter, surpassing analyst expectations, with a revenue of $10.24 billion, marking a 9.8% year-over-year growth.
• The company declared a quarterly dividend of $0.416 per share, representing an annualized yield of 0.7%, with the payment scheduled for October 9th.

Ilmarinen Mutual Pension Insurance Co increased its position in Salesforce Inc. (NYSE:CRM - Free Report) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 156,000 shares of the CRM provider's stock after purchasing an additional 6,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Salesforce were worth $41,864,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CRM. Bernard Wealth Management Corp. bought a new stake in shares of Salesforce in the 4th quarter valued at about $25,000. Capital A Wealth Management LLC boosted its holdings 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 buying an additional 90 shares during the period. CBIZ Investment Advisory Services LLC boosted its holdings 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 buying an additional 85 shares during the period. Abound Financial LLC bought a new stake in shares of Salesforce during the 1st quarter worth about $31,000. Finally, Wood Tarver Financial Group LLC bought a new stake in shares of Salesforce during the 4th quarter worth about $35,000. 80.43% of the stock is owned by institutional investors.

Salesforce Price Performance

CRM traded up $3.69 on Thursday, hitting $246.26. 6,940,645 shares of the stock were exchanged, compared to its average volume of 10,011,086. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The business has a 50-day moving average of $253.79 and a two-hundred day moving average of $265.23. 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 firm has a market capitalization of $234.44 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 2.21 and a beta of 1.22.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings data 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 net margin of 16.87% and a return on equity of 13.27%. The business had revenue of $10.24 billion during the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter in the prior year, the business posted $2.56 earnings per share. Salesforce's revenue was up 9.8% compared to the same quarter last year. 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 forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of Salesforce from $404.00 to $405.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. BMO Capital Markets reduced their price target on Salesforce from $335.00 to $280.00 and set an "outperform" rating for the company in a research note on Thursday, September 4th. UBS Group reduced 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. Royal Bank Of Canada decreased their price target on shares of Salesforce from $275.00 to $250.00 and set a "sector perform" rating on the stock in a research note on Thursday, September 4th. Finally, Macquarie reaffirmed a "neutral" rating and set a $290.00 price target on shares of Salesforce in a research report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $332.58.

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total value of $578,295.00. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $3,061,511,978.42. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Blair Kirk bought 3,400 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the transaction, the director owned 3,824 shares of the company's stock, valued at approximately $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 70,577 shares of company stock worth $18,005,778. Company insiders own 3.00% of the company's stock.

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.