Illinois Municipal Retirement Fund Has $21.14 Million Stock Holdings in Salesforce Inc. $CRM

Illinois Municipal Retirement Fund raised its position in Salesforce Inc. (NYSE:CRM) by 51.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 77,525 shares of the CRM provider’s stock after buying an additional 26,239 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Salesforce were worth $21,140,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Coign Capital Advisors LLC increased its holdings in Salesforce by 1.7% in the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock valued at $586,000 after buying an additional 37 shares during the period. Staley Capital Advisers Inc. grew its holdings in shares of Salesforce by 1.1% during the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock worth $897,000 after purchasing an additional 38 shares during the last quarter. KDT Advisors LLC grew its position in shares of Salesforce by 4.1% in the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock valued at $260,000 after buying an additional 38 shares during the last quarter. First Command Advisory Services Inc. lifted its holdings in Salesforce by 7.3% in the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock valued at $154,000 after buying an additional 39 shares during the period. Finally, Mendel Money Management boosted its position in shares of Salesforce by 3.6% during the 1st quarter. Mendel Money Management now owns 1,112 shares of the CRM provider’s stock worth $298,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Price Performance

NYSE CRM opened at $239.92 on Monday. The company has a 50-day moving average price of $247.41 and a 200-day moving average price of $258.32. The firm has a market capitalization of $228.40 billion, a P/E ratio of 34.87, a PEG ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. 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 released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. The firm had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the business 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. Equities research analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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

Insiders Place Their Bets

In related news, Director David Blair Kirk bought 3,400 shares of the stock in a transaction dated Tuesday, September 9th. The stock was purchased at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of the purchase, the director owned 3,824 shares of the company’s stock, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $251.12, for a total transaction of $565,020.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,991,233,709.52. This trade represents a 0.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 72,122 shares of company stock valued at $17,785,853. 3.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CRM has been the topic of several research analyst reports. BMO Capital Markets dropped their price objective on Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Oppenheimer dropped their price target on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a research report on Tuesday, August 26th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $325.00 price objective on shares of Salesforce in a research note on Thursday, October 16th. JPMorgan Chase & Co. lowered their price target on Salesforce from $380.00 to $365.00 and set an “overweight” rating for the company in a research report on Thursday, September 4th. Finally, Northland Securities downgraded Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 target price for the company. in a report on Tuesday, October 14th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.