OMERS ADMINISTRATION Corp Raises Stake in Salesforce Inc. $CRM

OMERS ADMINISTRATION Corp increased its stake in Salesforce Inc. (NYSE:CRM) by 28.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 649,207 shares of the CRM provider’s stock after purchasing an additional 141,906 shares during the quarter. Salesforce accounts for 1.4% of OMERS ADMINISTRATION Corp’s investment portfolio, making the stock its 24th largest position. OMERS ADMINISTRATION Corp owned approximately 0.07% of Salesforce worth $177,032,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Salesforce during the 2nd quarter valued at approximately $2,826,049,000. Nuveen LLC purchased a new position in Salesforce in the 1st quarter valued at approximately $2,039,196,000. Laurel Wealth Advisors LLC increased its stake in Salesforce by 27,361.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,424,169 shares of the CRM provider’s stock valued at $933,737,000 after purchasing an additional 3,411,700 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Salesforce by 1,729.6% during the second quarter. Acadian Asset Management LLC now owns 1,973,141 shares of the CRM provider’s stock worth $538,020,000 after purchasing an additional 1,865,297 shares during the last quarter. Finally, Longview Partners Guernsey LTD purchased a new stake in Salesforce during the first quarter worth $467,944,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Stock Performance

Shares of CRM opened at $230.79 on Monday. Salesforce Inc. has a 1 year low of $221.96 and a 1 year high of $369.00. The company’s 50 day simple moving average is $243.45 and its 200 day simple moving average is $254.01. The company has a market capitalization of $219.71 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 2.11 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12.

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

Salesforce Announces Dividend

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

Insider Transactions at Salesforce

In other Salesforce news, CEO Marc Benioff sold 122 shares of Salesforce 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 completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $3,085,096,889. The trade was a 0.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 54,122 shares of company stock valued at $13,367,438. 3.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on CRM shares. Northland Capmk downgraded Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 14th. Mizuho cut their target price on shares of Salesforce from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Monday, November 17th. UBS Group reduced their price target on shares of Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a report on Monday, August 18th. Wells Fargo & Company dropped their price objective on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a research note on Thursday, September 4th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $325.00 target price on shares of Salesforce in a research note on Tuesday, November 25th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus price target of $322.86.

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.