Arcadia Investment Management Corp MI Raises Stock Holdings in Adobe Inc. $ADBE

Arcadia Investment Management Corp MI raised its position in shares of Adobe Inc. (NASDAQ:ADBE) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,789 shares of the software company’s stock after buying an additional 598 shares during the quarter. Adobe comprises approximately 1.4% of Arcadia Investment Management Corp MI’s portfolio, making the stock its 22nd biggest position. Arcadia Investment Management Corp MI’s holdings in Adobe were worth $8,817,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. 1248 Management LLC bought a new position in shares of Adobe during the first quarter valued at approximately $25,000. Flaharty Asset Management LLC purchased a new stake in shares of Adobe in the 1st quarter worth approximately $29,000. HHM Wealth Advisors LLC bought a new position in Adobe during the 1st quarter valued at approximately $30,000. Nexus Investment Management ULC purchased a new position in Adobe during the second quarter valued at $31,000. Finally, Barnes Dennig Private Wealth Management LLC increased its holdings in shares of Adobe by 44.9% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 100 shares of the software company’s stock valued at $39,000 after acquiring an additional 31 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Adobe Price Performance

NASDAQ ADBE opened at $331.11 on Friday. The company has a 50-day moving average price of $346.61 and a 200-day moving average price of $367.15. Adobe Inc. has a 52 week low of $323.03 and a 52 week high of $557.90. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $138.60 billion, a P/E ratio of 20.63, a PEG ratio of 1.51 and a beta of 1.47.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (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 company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.91 billion. During the same period in the previous year, the business posted $4.65 earnings per share. The firm’s quarterly 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. Equities research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Activity

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

Wall Street Analyst Weigh In

ADBE has been the subject of several recent analyst reports. TD Cowen decreased their target price on shares of Adobe from $470.00 to $420.00 and set a “hold” rating for the company in a report on Friday, September 12th. Redburn Partners set a $280.00 target price on Adobe in a research note on Monday, September 1st. JMP Securities reissued a “market perform” rating on shares of Adobe in a report on Friday, September 12th. BMO Capital Markets reaffirmed an “outperform” rating and set a $405.00 price target on shares of Adobe in a report on Wednesday, October 29th. Finally, UBS Group dropped their price objective on Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $433.41.

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.