IMA Advisory Services Inc. Has $1.73 Million Stock Position in Salesforce Inc. $CRM

IMA Advisory Services Inc. lifted its stake in shares of Salesforce Inc. (NYSE:CRM) by 7.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,337 shares of the CRM provider’s stock after purchasing an additional 432 shares during the period. IMA Advisory Services Inc.’s holdings in Salesforce were worth $1,731,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in Salesforce during the 1st quarter worth $2,039,196,000. Acadian Asset Management LLC increased its holdings in Salesforce by 1,729.6% in the second quarter. Acadian Asset Management LLC now owns 1,973,141 shares of the CRM provider’s stock valued at $538,020,000 after purchasing an additional 1,865,297 shares during the last quarter. Longview Partners Guernsey LTD acquired a new position in Salesforce in the first quarter valued at about $467,944,000. Pacer Advisors Inc. boosted its holdings in Salesforce by 1,744.0% during the first quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after buying an additional 1,721,550 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Salesforce by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock worth $23,592,501,000 after buying an additional 1,383,942 shares during the period. Institutional investors own 80.43% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CRM shares. Piper Sandler reissued an “overweight” rating and set a $315.00 price target on shares of Salesforce in a research report on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Salesforce in a research note on Tuesday, October 14th. Northland Securities cut Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 target price for the company. in a research note on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft dropped their price target on Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Finally, Robert W. Baird lowered their target price on Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a research note on Thursday, September 4th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Salesforce currently has an average rating of “Moderate Buy” and an average price target of $325.23.

Salesforce Stock Performance

NYSE CRM opened at $241.60 on Tuesday. The firm has a 50-day moving average price of $247.12 and a two-hundred day moving average price of $258.16. 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 Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The company has a market capitalization of $230.00 billion, a P/E ratio of 35.12, a P/E/G ratio of 2.11 and a beta of 1.19.

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, topping analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion during 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 firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were 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 of this dividend was Wednesday, September 17th. Salesforce’s dividend payout ratio is presently 24.13%.

Insider Transactions at Salesforce

In other news, CEO Marc Benioff sold 122 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $259.00, for a total value of $31,598.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $3,085,096,889. This represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 72,122 shares of company stock worth $17,785,853 in the last ninety days. Corporate 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.