MCF Advisors LLC Lowers Stock Position in Adobe Inc. $ADBE

MCF Advisors LLC decreased its position in Adobe Inc. (NASDAQ:ADBE) by 33.0% in the second quarter, Holdings Channel reports. The institutional investor owned 144 shares of the software company’s stock after selling 71 shares during the period. MCF Advisors LLC’s holdings in Adobe were worth $56,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Garde Capital Inc. purchased a new position in Adobe during the first quarter worth approximately $34,000. PFG Advisors increased its position in shares of Adobe by 20.8% in the first quarter. PFG Advisors now owns 4,964 shares of the software company’s stock valued at $1,904,000 after buying an additional 855 shares in the last quarter. Krane Funds Advisors LLC increased its position in shares of Adobe by 110.4% in the first quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company’s stock valued at $533,000 after buying an additional 730 shares in the last quarter. Financial Counselors Inc. raised its stake in shares of Adobe by 9.2% during the 1st quarter. Financial Counselors Inc. now owns 62,851 shares of the software company’s stock worth $24,105,000 after buying an additional 5,298 shares during the period. Finally, Koss Olinger Consulting LLC purchased a new position in shares of Adobe during the 1st quarter valued at approximately $305,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Stock Down 0.6%

Shares of NASDAQ:ADBE opened at $361.78 on Wednesday. The company has a market capitalization of $153.47 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 1.63 and a beta of 1.48. Adobe Inc. has a 12-month low of $330.04 and a 12-month high of $557.90. The business has a 50-day moving average price of $355.77 and a 200 day moving average price of $375.30. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.53.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ADBE shares. DA Davidson reissued a “buy” rating and issued a $500.00 price target on shares of Adobe in a report on Friday, September 12th. Rothschild & Co Redburn cut shares of Adobe from a “neutral” rating to a “sell” rating and set a $280.00 target price for the company. in a research note on Wednesday, July 2nd. Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Redburn Atlantic cut Adobe from a “hold” rating to a “strong sell” rating and lowered their price objective for the stock from $420.00 to $280.00 in a report on Wednesday, July 2nd. Finally, Evercore ISI reduced their target price on Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $435.63.

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.