Meyer Handelman Co. Boosts Holdings in Adobe Inc. $ADBE

Meyer Handelman Co. grew its position in shares of Adobe Inc. (NASDAQ:ADBE) by 9.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,520 shares of the software company’s stock after buying an additional 2,060 shares during the quarter. Meyer Handelman Co.’s holdings in Adobe were worth $8,649,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. 1248 Management LLC purchased a new position in Adobe during the first quarter worth about $25,000. LSV Asset Management increased its position in Adobe by 350.0% during the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after purchasing an additional 56 shares during the period. Flaharty Asset Management LLC purchased a new position in shares of Adobe during the 1st quarter worth approximately $29,000. Nexus Investment Management ULC acquired a new stake in shares of Adobe in the 2nd quarter valued at approximately $31,000. Finally, Horizon Financial Services LLC boosted its stake in shares of Adobe by 4,000.0% in the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

ADBE has been the subject of several research analyst reports. Wolfe Research cut their price objective on Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. Jefferies Financial Group cut their price target on shares of Adobe from $590.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, December 11th. UBS Group set a $487.00 price objective on shares of Adobe in a report on Sunday, December 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $430.00 target price on shares of Adobe in a report on Thursday, December 11th. Finally, Cowen reiterated a “hold” rating on shares of Adobe in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $417.93.

Adobe Stock Up 0.2%

Shares of NASDAQ ADBE opened at $353.80 on Friday. The firm’s 50-day moving average is $338.76 and its two-hundred day moving average is $353.73. The company has a market capitalization of $148.10 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 1.39 and a beta of 1.54. Adobe Inc. has a 12-month low of $311.58 and a 12-month high of $465.70. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.11 billion. During the same period last year, the company posted $4.81 EPS. The company’s revenue was up 10.5% on a year-over-year basis. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Equities analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Buying and Selling at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is currently owned by company insiders.

Adobe Company Profile

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company’s core offerings are organized around digital media and digital experience.