OMERS ADMINISTRATION Corp Increases Stock Position in Adobe Inc. $ADBE

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Adobe Inc. by 1.7%, owning 348,303 shares worth approximately $133.6 million, which makes up 1.2% of their total holdings.
• Adobe Inc. reported earnings of $5.06 per share for the most recent quarter, exceeding analysts' expectations of $4.97, with revenue of $5.87 billion which also surpassed the anticipated $5.80 billion.
• Institutional investors own about 81.79% of Adobe's stock, indicating strong support from large financial entities in the market.

OMERS ADMINISTRATION Corp raised its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 348,303 shares of the software company's stock after purchasing an additional 5,971 shares during the quarter. Adobe accounts for about 1.2% of OMERS ADMINISTRATION Corp's holdings, making the stock its 27th biggest position. OMERS ADMINISTRATION Corp owned approximately 0.08% of Adobe worth $133,585,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ADBE. Siemens Fonds Invest GmbH lifted its position in shares of Adobe by 252.9% during the 4th quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock valued at $25,000 after acquiring an additional 39,888 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Adobe during the 1st quarter valued at approximately $26,000. SWAN Capital LLC acquired a new stake in shares of Adobe during the 4th quarter valued at approximately $28,000. Copia Wealth Management acquired a new stake in shares of Adobe during the 4th quarter valued at approximately $28,000. Finally, HHM Wealth Advisors LLC acquired a new stake in shares of Adobe during the 1st quarter valued at approximately $30,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ADBE. Robert W. Baird lifted their price objective on Adobe from $410.00 to $425.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Evercore ISI restated an "outperform" rating and set a $475.00 price objective on shares of Adobe in a research report on Friday, June 13th. DA Davidson restated a "buy" rating and set a $500.00 price objective on shares of Adobe in a research report on Friday, June 20th. BMO Capital Markets restated an "outperform" rating and set a $450.00 price objective on shares of Adobe in a research report on Friday, June 13th. Finally, UBS Group cut their price objective on Adobe from $430.00 to $400.00 and set a "neutral" rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $466.42.

Adobe Trading Up 0.8%

ADBE traded up $2.74 during trading on Friday, hitting $356.70. The company's stock had a trading volume of 2,637,158 shares, compared to its average volume of 3,666,279. The firm's 50 day moving average price is $363.93 and its 200-day moving average price is $386.47. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $151.31 billion, a PE ratio of 22.82, a PEG ratio of 1.69 and a beta of 1.51. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $587.75.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings results on Thursday, June 12th. The software company reported $5.06 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.09. The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.80 billion. Adobe had a return on equity of 53.68% and a net margin of 30.39%.Adobe's revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $4.48 EPS. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. On average, analysts expect that Adobe Inc. will post 16.65 earnings per share for the current 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.