Yousif Capital Management LLC Sells 1,375 Shares of Adobe Inc. $ADBE

Yousif Capital Management LLC lessened its holdings in Adobe Inc. (NASDAQ:ADBE) by 2.5% during the second quarter, Holdings Channel reports. The fund owned 52,693 shares of the software company’s stock after selling 1,375 shares during the period. Yousif Capital Management LLC’s holdings in Adobe were worth $20,386,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. 1248 Management LLC bought a new position in Adobe during the 1st quarter worth $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in Adobe during the 1st quarter worth $26,000. Flaharty Asset Management LLC bought a new position in Adobe during the 1st quarter worth $29,000. HHM Wealth Advisors LLC bought a new position in Adobe during the 1st quarter worth $30,000. Finally, Garde Capital Inc. bought a new position in Adobe during the 1st quarter worth $34,000. Institutional investors own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ADBE. BMO Capital Markets lowered their price objective on Adobe from $450.00 to $405.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. JMP Securities reiterated a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. Morgan Stanley cut Adobe from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $520.00 to $450.00 in a research report on Wednesday, September 24th. UBS Group decreased their price target on Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. Finally, TD Cowen decreased their price target on Adobe from $470.00 to $420.00 and set a “hold” rating on the stock in a research report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Adobe currently has a consensus rating of “Hold” and a consensus target price of $433.41.

Adobe Stock Down 2.9%

Shares of NASDAQ ADBE opened at $337.51 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $557.90. The stock has a market capitalization of $141.28 billion, a P/E ratio of 21.03, a PEG ratio of 1.51 and a beta of 1.49. The stock’s fifty day moving average is $351.67 and its 200 day moving average is $370.41.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $5.18 by $0.13. The company had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.Adobe’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business earned $4.65 earnings per share. 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 forecast that Adobe Inc. will post 16.65 earnings per share 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.