Goelzer Investment Management Inc. Buys 3,491 Shares of Adobe Inc. $ADBE

Key Points

• Goelzer Investment Management Inc. increased its stake in Adobe by 22.9% during the second quarter, raising its holdings to 18,738 shares valued at approximately $7.25 million.
• Institutional investors currently own 81.79% of Adobe's stock, with notable increases from firms like GAMMA Investing LLC and Goldman Sachs Group Inc.
• Adobe recently reported earnings of $5.31 EPS for the quarter, which exceeded analyst estimates and marked a 10.7% revenue increase year-over-year.

Goelzer Investment Management Inc. raised its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 22.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,738 shares of the software company's stock after buying an additional 3,491 shares during the quarter. Goelzer Investment Management Inc.'s holdings in Adobe were worth $7,249,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ADBE. Siemens Fonds Invest GmbH increased its stake in Adobe by 252.9% in the 4th quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock valued at $25,000 after buying an additional 39,888 shares during the period. 1248 Management LLC acquired a new position in shares of Adobe during the 1st quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Adobe during the 1st quarter worth $26,000. SWAN Capital LLC acquired a new position in shares of Adobe during the 4th quarter worth $28,000. Finally, Copia Wealth Management acquired a new position in shares of Adobe during the 4th quarter worth $28,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ADBE shares. Phillip Securities upgraded shares of Adobe from a "moderate sell" rating to a "strong-buy" rating in a research note on Monday, June 16th. TD Cowen dropped their price target on shares of Adobe from $470.00 to $420.00 and set a "hold" rating on the stock in a research note on Friday, September 12th. Barclays increased their price target on shares of Adobe from $460.00 to $465.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Royal Bank Of Canada decreased their price objective on shares of Adobe from $480.00 to $430.00 and set an "outperform" rating for the company in a report on Monday, September 8th. Finally, Melius downgraded shares of Adobe from a "hold" rating to a "sell" rating and set a $310.00 price objective for the company. in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $435.63.

Adobe Stock Performance

Adobe stock traded down $1.56 during mid-day trading on Friday, reaching $365.90. The company had a trading volume of 7,675,797 shares, compared to its average volume of 4,978,333. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $557.90. The company has a 50 day moving average of $355.88 and a 200-day moving average of $376.98. The firm has a market cap of $155.21 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 1.65 and a beta of 1.48.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $5.91 billion. During the same period in the prior year, the firm earned $4.65 EPS. The business's revenue was up 10.7% on a year-over-year basis. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. On average, sell-side analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

About Adobe

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.