Nissay Asset Management Corp Japan ADV Acquires 1,552 Shares of Salesforce Inc. $CRM

Key Points

• Nissay Asset Management Corp Japan ADV increased its holdings in Salesforce Inc. by 1.4%, acquiring an additional 1,552 shares, bringing its total to 116,426 shares valued at $31.24 million as of the end of the last quarter.
• Salesforce's quarterly earnings exceeded expectations, reporting $2.91 earnings per share and $10.24 billion in revenue, a 9.8% increase compared to the previous year.
• The company announced a quarterly dividend of $0.416 per share, payable on October 9th, representing an annual yield of 0.7%.

Nissay Asset Management Corp Japan ADV raised its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 116,426 shares of the CRM provider's stock after purchasing an additional 1,552 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Salesforce were worth $31,244,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CRM. Bernard Wealth Management Corp. bought a new position in shares of Salesforce during the 4th quarter worth about $25,000. Capital A Wealth Management LLC increased its stake in Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after acquiring an additional 90 shares during the period. CBIZ Investment Advisory Services LLC increased its stake in Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after acquiring an additional 85 shares during the period. Abound Financial LLC bought a new stake in Salesforce in the first quarter valued at about $31,000. Finally, Wood Tarver Financial Group LLC bought a new stake in Salesforce in the fourth quarter valued at about $35,000. Institutional investors own 80.43% of the company's stock.

Salesforce Price Performance

Shares of CRM stock traded up $1.07 during trading hours on Monday, reaching $251.83. 12,593,889 shares of the company were exchanged, compared to its average volume of 7,512,772. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The stock's fifty day moving average is $255.64 and its two-hundred day moving average is $266.32. The company has a market cap of $239.74 billion, a price-to-earnings ratio of 36.60, a P/E/G ratio of 2.29 and a beta of 1.22. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12.

Salesforce (NYSE:CRM - Get Free Report) last announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the business earned $2.56 earnings per share. Salesforce's quarterly revenue 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. Sell-side analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. BMO Capital Markets lowered their target price on shares of Salesforce from $335.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday. Bank of America lowered their target price on shares of Salesforce from $350.00 to $325.00 and set a "buy" rating on the stock in a research note on Tuesday, August 26th. Canaccord Genuity Group lowered their target price on shares of Salesforce from $350.00 to $300.00 and set a "buy" rating on the stock in a research note on Thursday. Stifel Nicolaus lowered their target price on shares of Salesforce from $375.00 to $325.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Salesforce from $380.00 to $365.00 and set an "overweight" rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $333.11.

Insider Activity

In related news, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total transaction of $578,295.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, 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 filing with the SEC, which is available at this link. Insiders have sold 66,077 shares of company stock worth $16,885,773 in the last quarter. 3.00% of the stock is currently owned by corporate insiders.

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.