Impact Capital Partners LLC Decreases Stake in Adobe Inc. $ADBE

Impact Capital Partners LLC lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 8.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 621 shares of the software company’s stock after selling 55 shares during the period. Impact Capital Partners LLC’s holdings in Adobe were worth $240,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. 1248 Management LLC purchased a new position in shares of Adobe during the 1st quarter worth $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Adobe in the 1st quarter valued at about $26,000. Flaharty Asset Management LLC purchased a new stake in Adobe in the 1st quarter valued at about $29,000. HHM Wealth Advisors LLC purchased a new stake in Adobe in the 1st quarter valued at about $30,000. Finally, Garde Capital Inc. purchased a new stake in Adobe in the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ADBE shares. Redburn Partners set a $280.00 price objective on shares of Adobe in a report on Monday, September 1st. UBS Group reduced their price objective on shares of Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a report on Friday, September 12th. Royal Bank Of Canada reduced their price objective on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, September 8th. Wells Fargo & Company restated an “overweight” rating and issued a $470.00 price objective (up from $430.00) on shares of Adobe in a report on Friday, June 13th. Finally, Morgan Stanley lowered shares of Adobe from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $520.00 to $450.00 in a report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $433.41.

Adobe Stock Performance

NASDAQ ADBE opened at $343.72 on Thursday. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $557.90. The company has a market cap of $143.88 billion, a P/E ratio of 21.42, a P/E/G ratio of 1.58 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. The stock has a 50-day moving average of $354.11 and a two-hundred day moving average of $373.01.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping 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 business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the previous year, the company posted $4.65 earnings per share. 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 EPS for the current year.

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.