Adobe Inc. $ADBE Shares Sold by First Command Advisory Services Inc.
by Teresa Graham · The Cerbat GemFirst Command Advisory Services Inc. lowered its holdings in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 29.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75 shares of the software company’s stock after selling 31 shares during the period. First Command Advisory Services Inc.’s holdings in Adobe were worth $29,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. 1248 Management LLC acquired a new stake in Adobe during the 1st quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Adobe in the 1st quarter worth $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Adobe in the 1st quarter worth $29,000. HHM Wealth Advisors LLC acquired a new stake in shares of Adobe in the 1st quarter worth $30,000. Finally, Nexus Investment Management ULC acquired a new stake in shares of Adobe in the 2nd quarter worth $31,000. Institutional investors and hedge funds own 81.79% of the company’s stock.
Adobe Stock Up 1.2%
Shares of NASDAQ ADBE opened at $357.80 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 52 week low of $327.50 and a 52 week high of $557.90. The firm has a 50-day moving average price of $351.72 and a 200 day moving average price of $368.91. The stock has a market capitalization of $149.78 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 1.58 and a beta of 1.49.
Adobe (NASDAQ:ADBE – Get Free Report) last announced its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating 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 firm had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter last year, the business earned $4.65 earnings per share. The business’s revenue for the quarter 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. Equities research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have recently commented on ADBE shares. Oppenheimer reduced their target price on shares of Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a research note on Tuesday, September 9th. BMO Capital Markets reduced their target price on shares of Adobe from $450.00 to $405.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. Royal Bank Of Canada reduced their target price on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday, September 8th. Morgan Stanley cut shares of Adobe from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $520.00 to $450.00 in a research note on Wednesday, September 24th. Finally, JMP Securities reiterated a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. One 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $433.41.
Read Our Latest Research Report on ADBE
Adobe Company 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.
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