Yousif Capital Management LLC Has $20.39 Million Stock Holdings in Adobe Inc. $ADBE

Yousif Capital Management LLC cut its holdings in Adobe Inc. (NASDAQ:ADBE) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 52,693 shares of the software company’s stock after selling 1,375 shares during the quarter. Yousif Capital Management LLC’s holdings in Adobe were worth $20,386,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Montrusco Bolton Investments Inc. grew its position in shares of Adobe by 27.2% in the 2nd quarter. Montrusco Bolton Investments Inc. now owns 421,023 shares of the software company’s stock valued at $160,325,000 after purchasing an additional 89,993 shares during the period. Pzena Investment Management LLC acquired a new position in Adobe during the 2nd quarter worth approximately $226,000. MGO One Seven LLC boosted its position in Adobe by 159.6% during the 2nd quarter. MGO One Seven LLC now owns 19,411 shares of the software company’s stock worth $7,510,000 after acquiring an additional 11,933 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Adobe by 12.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 179,569 shares of the software company’s stock worth $70,409,000 after acquiring an additional 20,055 shares during the last quarter. Finally, Mitchell Sinkler & Starr PA boosted its position in Adobe by 6.2% during the 2nd quarter. Mitchell Sinkler & Starr PA now owns 1,021 shares of the software company’s stock worth $395,000 after acquiring an additional 60 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Trading Down 2.9%

NASDAQ ADBE opened at $337.51 on Monday. The company has a market cap of $141.28 billion, a PE ratio of 21.03, a PEG ratio of 1.51 and a beta of 1.49. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $557.90. The stock has a 50 day moving average of $351.67 and a 200-day moving average of $370.41.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating analysts’ consensus estimates of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The business had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the prior year, the business earned $4.65 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. On average, equities research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on ADBE. Morgan Stanley downgraded Adobe from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $520.00 to $450.00 in a research report on Wednesday, September 24th. Royal Bank Of Canada reduced their price target on Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a research report on Monday, September 8th. Barclays upped their price target on Adobe from $460.00 to $465.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. DA Davidson reaffirmed a “buy” rating and set a $500.00 price target on shares of Adobe in a research report on Friday, September 12th. Finally, Citigroup reduced their price target on Adobe from $450.00 to $400.00 and set a “neutral” rating for the company in a research report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Adobe currently has a consensus rating of “Hold” and a consensus target price of $433.41.

Adobe Profile

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.