Scott & Selber Inc. Acquires 4,697 Shares of Adobe Inc. $ADBE

Key Points

• Scott & Selber Inc. has increased its holdings in Adobe Inc. by 134.4%, acquiring an additional 4,697 shares and bringing its total to 8,192 shares valued at approximately $3.17 million.
• Adobe posted earnings of $5.31 per share for the most recent quarter, exceeding expectations, with revenues of $5.99 billion, reflecting a year-over-year increase of 10.7%.
• Research analysts have varied opinions on Adobe's stock, with target prices ranging from $280.00 to $500.00, and a consensus rating of "Hold" with an average target price of $433.41.

Scott & Selber Inc. lifted its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 134.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,192 shares of the software company's stock after purchasing an additional 4,697 shares during the period. Scott & Selber Inc.'s holdings in Adobe were worth $3,169,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Smith Salley Wealth Management acquired a new position in Adobe during the 2nd quarter worth about $245,000. Addenda Capital Inc. lifted its position in shares of Adobe by 2.0% in the 2nd quarter. Addenda Capital Inc. now owns 33,753 shares of the software company's stock worth $13,058,000 after purchasing an additional 653 shares during the period. City Holding Co. lifted its holdings in Adobe by 410.2% in the second quarter. City Holding Co. now owns 250 shares of the software company's stock valued at $97,000 after buying an additional 201 shares during the period. Symmetry Partners LLC bought a new stake in shares of Adobe during the 2nd quarter valued at about $244,000. Finally, Camelot Portfolios LLC increased its holdings in Adobe by 41.8% in the second quarter. Camelot Portfolios LLC now owns 1,521 shares of the software company's stock worth $588,000 after purchasing an additional 448 shares in the last quarter. Institutional investors own 81.79% of the company's stock.

Adobe Stock Performance

NASDAQ ADBE opened at $360.37 on Monday. The company has a fifty day moving average price of $355.25 and a 200-day moving average price of $373.60. The firm has a market cap of $150.85 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 1.62 and a beta of 1.48. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. Adobe Inc. has a 1 year low of $330.04 and a 1 year high of $557.90.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping 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 business had revenue of $5.99 billion for the quarter, compared to analysts' expectations of $5.91 billion. During the same period in the previous year, the company earned $4.65 earnings per share. The firm's revenue for the quarter 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. As a group, equities research analysts predict that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ADBE. Piper Sandler dropped their target price on shares of Adobe from $500.00 to $470.00 and set an "overweight" rating on the stock in a research report on Friday, September 12th. Barclays upped their price objective on shares of Adobe from $460.00 to $465.00 and gave the company an "overweight" rating 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. Royal Bank Of Canada dropped their price target on Adobe from $480.00 to $430.00 and set an "outperform" rating on the stock in a research note on Monday, September 8th. Finally, UBS Group cut their price target on Adobe from $400.00 to $375.00 and set a "neutral" rating on the stock in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $433.41.

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.

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