OMERS ADMINISTRATION Corp Invests $6.73 Million in Adobe Inc. $ADBE

OMERS ADMINISTRATION Corp bought a new stake in Adobe Inc. (NASDAQ:ADBEFree Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 32,844 shares of the software company’s stock, valued at approximately $6,734,000.

A number of other large investors have also recently bought and sold shares of ADBE. Western Pacific Wealth Management LP acquired a new position in Adobe in the fourth quarter valued at $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe during the third quarter worth about $26,000. TrustBank purchased a new position in shares of Adobe during the fourth quarter worth about $28,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Adobe during the second quarter worth about $28,000. Finally, Lloyd Advisory Services LLC. acquired a new position in Adobe in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Activity

In other Adobe news, CAO Jillian Forusz sold 416 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total value of $109,961.28. Following the sale, the chief accounting officer owned 3,824 shares of the company’s stock, valued at $1,010,797.92. This represents a 9.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Ricks purchased 10,000 shares of the stock in a transaction dated Thursday, June 25th. The stock was acquired at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the transaction, the director directly owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. The trade was a 130.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ADBE has been the subject of several analyst reports. Weiss Ratings cut Adobe from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, August 17th. Citigroup reissued a “market perform” rating on shares of Adobe in a report on Friday, June 12th. Morgan Stanley cut Adobe from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $365.00 to $240.00 in a research note on Tuesday, July 21st. KeyCorp decreased their price target on Adobe from $235.00 to $195.00 and set an “underweight” rating for the company in a report on Friday, June 12th. Finally, Robert W. Baird lowered their price objective on shares of Adobe from $270.00 to $230.00 and set a “neutral” rating on the stock in a research report on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Adobe has an average rating of “Hold” and an average price target of $270.96.

Get Our Latest Stock Analysis on ADBE

Adobe Trading Up 0.4%

Shares of ADBE stock opened at $276.27 on Tuesday. The stock has a market cap of $109.82 billion, a P/E ratio of 15.80, a P/E/G ratio of 0.93 and a beta of 1.40. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $370.86. The business has a fifty day simple moving average of $234.01 and a 200-day simple moving average of $244.68.

Adobe (NASDAQ:ADBEGet Free Report) last released its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping the consensus estimate of $5.82 by $0.14. The business had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.06 EPS. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. On average, analysts forecast that Adobe Inc. will post 19.8 earnings per share for the current fiscal year.

Adobe Company Profile

(Free Report)

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company’s core offerings are organized around digital media and digital experience.

Recommended Stories

Institutional Ownership by Quarter for Adobe (NASDAQ:ADBE)

Receive News & Ratings for Adobe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adobe and related companies with MarketBeat.com's FREE daily email newsletter.