Busey Bank Purchases 10,494 Shares of Adobe Inc. $ADBE

Busey Bank boosted its position in shares of Adobe Inc. (NASDAQ:ADBE) by 26.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,628 shares of the software company’s stock after buying an additional 10,494 shares during the period. Busey Bank’s holdings in Adobe were worth $17,507,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. 1248 Management LLC bought a new position in shares of Adobe during the 1st quarter valued at approximately $25,000. LSV Asset Management raised its stake in Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after purchasing an additional 56 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in Adobe during the first quarter valued at $29,000. Nexus Investment Management ULC bought a new position in Adobe during the second quarter valued at $31,000. Finally, Horizon Financial Services LLC grew its stake in shares of Adobe by 4,000.0% in the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after buying an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ADBE shares. Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a research report on Monday. UBS Group set a $487.00 price objective on Adobe in a research note on Sunday, December 14th. Morgan Stanley dropped their target price on Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a report on Thursday, December 11th. Oppenheimer cut their target price on Adobe from $460.00 to $430.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. Finally, Wolfe Research lowered their price target on Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Adobe currently has an average rating of “Hold” and a consensus price target of $417.93.

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the transaction, the chief accounting officer owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

Adobe Trading Up 0.2%

Shares of NASDAQ ADBE opened at $353.03 on Friday. Adobe Inc. has a fifty-two week low of $311.58 and a fifty-two week high of $465.70. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.00. The company has a market cap of $147.78 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 1.39 and a beta of 1.54. The business’s 50 day moving average price is $338.35 and its 200-day moving average price is $354.16.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The company had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. During the same quarter in the previous year, the business earned $4.81 EPS. Adobe’s revenue was up 10.5% compared to the same quarter last year. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. On average, sell-side analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

About Adobe

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.