KMG Fiduciary Partners LLC Has $2.20 Million Holdings in Adobe Inc. $ADBE

KMG Fiduciary Partners LLC lifted its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 11.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,677 shares of the software company’s stock after purchasing an additional 595 shares during the period. KMG Fiduciary Partners LLC’s holdings in Adobe were worth $2,196,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. RB Capital Management LLC lifted its holdings in Adobe by 0.4% in the fourth quarter. RB Capital Management LLC now owns 4,944 shares of the software company’s stock valued at $2,198,000 after buying an additional 22 shares during the period. Orin Green Financial LLC increased its position in shares of Adobe by 3.8% during the fourth quarter. Orin Green Financial LLC now owns 621 shares of the software company’s stock worth $276,000 after acquiring an additional 23 shares in the last quarter. Schmidt P J Investment Management Inc. increased its position in shares of 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% during the first quarter. GS Investments Inc. now owns 7,563 shares of the software company’s stock worth $2,901,000 after purchasing an additional 26 shares during the last quarter. Finally, Ted Buchan & Co boosted its holdings in Adobe by 1.9% during the first quarter. Ted Buchan & Co now owns 1,368 shares of the software company’s stock worth $525,000 after purchasing an additional 26 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Stock Performance

Shares of ADBE stock opened at $367.46 on Friday. The firm has a market capitalization of $155.88 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 1.62 and a beta of 1.48. The firm has a fifty day simple moving average of $355.83 and a two-hundred day simple moving average of $377.53. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $557.90.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $5.18 by $0.13. The business had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. Adobe’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.65 EPS. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wells Fargo & Company reiterated an “overweight” rating and issued a $470.00 price target (up previously from $430.00) on shares of Adobe in a research note on Friday, June 13th. Barclays raised their price target on shares of Adobe from $460.00 to $465.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Oppenheimer decreased their target price on shares of Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a report on Tuesday, September 9th. BMO Capital Markets decreased their price target on shares of Adobe from $450.00 to $405.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. Finally, Redburn Partners set a $280.00 price target on shares of Adobe in a report on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Adobe has a consensus rating of “Moderate Buy” and an average price target of $435.63.

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.