Eads & Heald Wealth Management Has $1.14 Million Stock Holdings in Adobe Inc. $ADBE

Eads & Heald Wealth Management decreased its position in Adobe Inc. (NASDAQ:ADBE) by 19.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,951 shares of the software company’s stock after selling 725 shares during the period. Eads & Heald Wealth Management’s holdings in Adobe were worth $1,142,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. 1248 Management LLC acquired a new stake in Adobe during the 1st quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Adobe in the 1st quarter valued at about $26,000. Flaharty Asset Management LLC bought a new stake in Adobe in the 1st quarter valued at approximately $29,000. HHM Wealth Advisors LLC bought a new stake in shares of Adobe in the first quarter worth $30,000. Finally, Garde Capital Inc. acquired a new position in shares of Adobe during the 1st quarter worth about $34,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Royal Bank Of Canada lowered their price target on Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, September 8th. Stifel Nicolaus lowered their price target on Adobe from $525.00 to $480.00 and set a “buy” rating on the stock in a research report on Friday, June 13th. Melius lowered Adobe from a “hold” rating to a “sell” rating and set a $310.00 price objective on the stock. in a research note on Monday, August 11th. Bank of America lifted their target price on Adobe from $424.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, June 13th. Finally, DA Davidson restated a “buy” rating and issued a $500.00 price target on shares of Adobe in a research note on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Adobe has an average rating of “Hold” and an average price target of $433.41.

Adobe Price Performance

ADBE stock opened at $346.74 on Monday. The company’s 50-day moving average price is $353.22 and its two-hundred day moving average price is $372.14. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $557.90. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The firm has a market cap of $145.15 billion, a P/E ratio of 21.60, a P/E/G ratio of 1.55 and a beta of 1.49.

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 net margin of 30.01% and a return on equity of 57.54%. The business had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same period last year, the firm posted $4.65 earnings per share. The firm’s quarterly revenue 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. On average, 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.