Roberts Glore & Co. Inc. IL Purchases 443 Shares of Adobe Inc. $ADBE

Roberts Glore & Co. Inc. IL boosted its position in shares of Adobe Inc. (NASDAQ:ADBE) by 22.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 2,440 shares of the software company’s stock after acquiring an additional 443 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in Adobe were worth $944,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. PFG Advisors lifted its stake in shares of Adobe by 20.8% during the first quarter. PFG Advisors now owns 4,964 shares of the software company’s stock worth $1,904,000 after buying an additional 855 shares during the period. Lathrop Investment Management Co. raised its stake in Adobe by 2.8% in the 2nd quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock worth $10,269,000 after acquiring an additional 718 shares during the last quarter. Mcdaniel Terry & Co. lifted its position in Adobe by 2.8% during the 2nd quarter. Mcdaniel Terry & Co. now owns 39,507 shares of the software company’s stock worth $15,284,000 after acquiring an additional 1,093 shares during the period. Jackson Thornton Wealth Management LLC purchased a new stake in Adobe during the 2nd quarter valued at about $328,000. Finally, Koss Olinger Consulting LLC acquired a new position in shares of Adobe in the first quarter valued at about $305,000. Institutional investors own 81.79% of the company’s stock.

Insider Activity

In other news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ADBE has been the subject of a number of research reports. Wall Street Zen downgraded Adobe from a “buy” rating to a “hold” rating in a report on Saturday. Morgan Stanley downgraded shares of Adobe from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $520.00 to $450.00 in a report on Wednesday, September 24th. Piper Sandler reduced their target price on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a report on Friday, September 12th. BMO Capital Markets restated an “outperform” rating and set a $405.00 target price on shares of Adobe in a research report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $433.41.

Adobe Stock Down 0.1%

Adobe stock opened at $326.95 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $136.86 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 1.51 and a beta of 1.47. The business has a 50 day simple moving average of $348.22 and a 200-day simple moving average of $368.22. Adobe Inc. has a 12 month low of $323.03 and a 12 month high of $557.90.

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

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.