Citizens & Northern Corp Buys 139 Shares of Adobe Inc. $ADBE

Citizens & Northern Corp lifted its position in shares of Adobe Inc. (NASDAQ:ADBE) by 3.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,066 shares of the software company’s stock after purchasing an additional 139 shares during the period. Citizens & Northern Corp’s holdings in Adobe were worth $1,573,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Schmidt P J Investment Management Inc. raised its stake in Adobe by 2.9% during the first quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock worth $344,000 after acquiring an additional 25 shares in the last quarter. GS Investments Inc. boosted its holdings in Adobe by 0.3% in the first quarter. GS Investments Inc. now owns 7,563 shares of the software company’s stock valued at $2,901,000 after acquiring an additional 26 shares during the last quarter. Ted Buchan & Co increased its position in Adobe by 1.9% during the 1st quarter. Ted Buchan & Co now owns 1,368 shares of the software company’s stock valued at $525,000 after purchasing an additional 26 shares during the period. Lifeworks Advisors LLC raised its holdings in Adobe by 3.6% during the 1st quarter. Lifeworks Advisors LLC now owns 786 shares of the software company’s stock worth $301,000 after purchasing an additional 27 shares during the last quarter. Finally, VanderPol Investments L.L.C. lifted its position in shares of Adobe by 5.2% in the 1st quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company’s stock worth $209,000 after purchasing an additional 27 shares during the period. 81.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ADBE shares. Citigroup lowered their target price on shares of Adobe from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Thursday, September 11th. Wall Street Zen downgraded shares of Adobe from a “buy” rating to a “hold” rating in a research report on Saturday. Barclays raised their target price on Adobe from $460.00 to $465.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Oppenheimer cut their price target on Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a report on Tuesday, September 9th. Finally, Rothschild & Co Redburn downgraded Adobe from a “neutral” rating to a “sell” rating and set a $280.00 price objective for the company. in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $433.41.

Adobe Price Performance

ADBE opened at $357.55 on Wednesday. The firm’s fifty day moving average price is $351.57 and its two-hundred day moving average price is $368.64. The company has a market capitalization of $149.67 billion, a price-to-earnings ratio of 22.28, a P/E/G ratio of 1.54 and a beta of 1.49. 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 $327.50 and a 1 year high of $557.90.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter in the prior year, the company earned $4.65 EPS. The business’s revenue for the quarter 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. As a group, analysts anticipate that Adobe Inc. will post 16.65 earnings per share 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.