Salesforce Inc. $CRM Stock Position Raised by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its position in Salesforce Inc. (NYSE:CRM) by 156.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 527,548 shares of the CRM provider’s stock after acquiring an additional 321,899 shares during the quarter. Salesforce makes up about 0.5% of Retirement Systems of Alabama’s holdings, making the stock its 29th biggest holding. Retirement Systems of Alabama’s holdings in Salesforce were worth $143,857,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Painted Porch Advisors LLC lifted its position in shares of Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after acquiring an additional 65 shares in the last quarter. Capital A Wealth Management LLC lifted its position in shares of Salesforce by 450.0% in the 1st 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 in the last quarter. CBIZ Investment Advisory Services LLC lifted its position in shares of Salesforce by 314.8% in the 1st 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 in the last quarter. Abound Financial LLC purchased a new stake in Salesforce in the 1st quarter worth approximately $31,000. Finally, Christopher J. Hasenberg Inc lifted its position in Salesforce by 383.3% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock worth $32,000 after buying an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insiders Place Their Bets

In other news, Director David Blair Kirk bought 3,400 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were acquired at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the purchase, the director owned 3,824 shares of the company’s stock, valued at $973,819.84. This represents a 801.89% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $247.57, for a total transaction of $557,032.50. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $2,948,947,632.47. The trade was a 0.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 78,750 shares of company stock worth $19,372,703 over the last quarter. 3.00% of the stock is currently owned by company insiders.

Salesforce Stock Performance

Shares of CRM opened at $251.42 on Thursday. The company’s fifty day moving average is $247.04 and its 200-day moving average is $258.02. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The firm has a market cap of $239.35 billion, a price-to-earnings ratio of 36.54, a price-to-earnings-growth ratio of 2.13 and a beta of 1.19. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last announced 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. 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 quarter in the prior year, the business posted $2.56 EPS. 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. Equities analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were paid a $0.416 dividend. The ex-dividend date was Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is presently 24.13%.

Analyst Ratings Changes

CRM has been the subject of a number of research analyst reports. Sanford C. Bernstein cut their target price on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. DA Davidson reiterated a “neutral” rating and issued a $225.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Barclays cut their target price on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research report on Monday, August 18th. Finally, Citigroup increased their target price on shares of Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.