Exencial Wealth Advisors LLC Sells 309 Shares of Adobe Inc. $ADBE

Exencial Wealth Advisors LLC lessened its position in shares of Adobe Inc. (NASDAQ:ADBE) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,959 shares of the software company’s stock after selling 309 shares during the period. Exencial Wealth Advisors LLC’s holdings in Adobe were worth $9,269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. 1248 Management LLC bought a new position in Adobe in the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in Adobe in the 1st quarter valued at approximately $26,000. Flaharty Asset Management LLC bought a new position in Adobe in the 1st quarter valued at approximately $29,000. HHM Wealth Advisors LLC bought a new position in Adobe in the 1st quarter valued at approximately $30,000. Finally, Nexus Investment Management ULC bought a new position in Adobe in the 2nd quarter valued at approximately $31,000. Institutional investors own 81.79% of the company’s stock.

Adobe Trading Up 4.1%

Shares of NASDAQ ADBE opened at $357.55 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. Adobe Inc. has a 52-week low of $327.50 and a 52-week high of $557.90. The firm has a 50 day moving average price of $351.57 and a two-hundred day moving average price of $368.64. The stock has a market cap of $149.67 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 1.54 and a beta of 1.49.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data 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 company had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same period in the prior year, the company posted $4.65 earnings per share. Adobe’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 analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Analysts Set New Price Targets

ADBE has been the subject of several research reports. Barclays increased their price objective on shares of Adobe from $460.00 to $465.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. JMP Securities reissued a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. TD Cowen dropped their price objective on shares of Adobe from $470.00 to $420.00 and set a “hold” rating for the company in a research note on Friday, September 12th. BMO Capital Markets dropped their price objective on shares of Adobe from $450.00 to $405.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. Finally, Melius cut shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 price target for the company. in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company 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.