Sather Financial Group Inc Raises Stake in Adobe Inc. $ADBE

Key Points

• Sather Financial Group Inc increased its stake in Adobe Inc. by 5.1% during the 2nd quarter, owning a total of 125,071 shares worth approximately $48.39 million.
• Adobe reported earnings of $5.31 per share for the last quarter, exceeding estimates and showing a 10.7% increase in revenue year-over-year.
• The company's shares have traded between $330.04 and $557.90 over the past year, with a current market cap of $141.28 billion.

Sather Financial Group Inc boosted its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 5.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,071 shares of the software company's stock after buying an additional 6,058 shares during the quarter. Adobe makes up approximately 2.8% of Sather Financial Group Inc's portfolio, making the stock its 17th biggest position. Sather Financial Group Inc's holdings in Adobe were worth $48,387,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ADBE. 1248 Management LLC purchased a new stake in Adobe in the first quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Adobe in the first quarter worth approximately $26,000. Flaharty Asset Management LLC purchased a new stake in Adobe in the first quarter worth approximately $29,000. HHM Wealth Advisors LLC purchased a new stake in Adobe in the first quarter worth approximately $30,000. Finally, Garde Capital Inc. purchased a new stake in Adobe in the first quarter worth approximately $34,000. Hedge funds and other institutional investors own 81.79% of the company's stock.

Adobe Price Performance

Shares of Adobe stock opened at $337.51 on Friday. The business has a 50 day moving average of $351.67 and a 200 day moving average of $370.59. 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 company has a market cap of $141.28 billion, a PE ratio of 21.03, a P/E/G ratio of 1.51 and a beta of 1.49. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $557.90.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.18 by $0.13. The business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm's quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.65 earnings per share. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. As a group, equities research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ADBE shares. Evercore ISI dropped their price objective on Adobe from $475.00 to $450.00 and set an "outperform" rating for the company in a research note on Friday, September 12th. Robert W. Baird increased their price objective on Adobe from $410.00 to $425.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Rothschild & Co Redburn lowered Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price objective for the company. in a research note on Wednesday, July 2nd. Mizuho lowered Adobe from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 24th. Finally, Melius lowered Adobe from a "hold" rating to a "sell" rating and set a $310.00 price objective for the company. in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Adobe presently has an average rating of "Hold" and an average target price of $433.41.

Adobe Company 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.

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