Police & Firemen s Retirement System of New Jersey Buys 7,176 Shares of Salesforce Inc. $CRM

Police & Firemen s Retirement System of New Jersey boosted its stake in Salesforce Inc. (NYSE:CRM) by 5.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 141,763 shares of the CRM provider’s stock after buying an additional 7,176 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Salesforce were worth $38,657,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of Salesforce by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 20,873,900 shares of the CRM provider’s stock valued at $5,669,224,000 after purchasing an additional 114,504 shares during the period. Accredited Investors Inc. raised its holdings in Salesforce by 7.7% in the second quarter. Accredited Investors Inc. now owns 1,296 shares of the CRM provider’s stock worth $353,000 after purchasing an additional 93 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Salesforce by 2.4% during the second quarter. PNC Financial Services Group Inc. now owns 269,956 shares of the CRM provider’s stock valued at $73,614,000 after buying an additional 6,455 shares during the period. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of Salesforce during the 2nd quarter valued at $273,000. Finally, M&G PLC grew its position in shares of Salesforce by 518.1% in the 2nd quarter. M&G PLC now owns 63,191 shares of the CRM provider’s stock worth $17,251,000 after buying an additional 52,968 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Activity at Salesforce

In other Salesforce news, CEO Marc Benioff sold 122 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $259.00, for a total value of $31,598.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $3,085,096,889. This represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 69,872 shares of company stock valued at $17,257,913 over the last three months. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

CRM has been the topic of several research reports. Bank of America dropped their price objective 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. Northland Capmk downgraded Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 14th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Salesforce in a research report on Wednesday. BMO Capital Markets dropped their target price on Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Finally, Stifel Nicolaus cut their target price on Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, October 9th. Twenty-five investment 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $325.23.

Salesforce Stock Up 0.6%

Salesforce stock opened at $245.93 on Thursday. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. The stock has a fifty day simple moving average of $246.72 and a two-hundred day simple moving average of $257.90. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The firm has a market cap of $234.12 billion, a price-to-earnings ratio of 35.75, a PEG ratio of 2.11 and a beta of 1.19.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the company posted $2.56 earnings per share. The company’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 predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

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

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.