Radnor Capital Management LLC Has $2.93 Million Position in Adobe Inc. $ADBE

Radnor Capital Management LLC boosted its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 39.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,372 shares of the software company’s stock after acquiring an additional 2,350 shares during the period. Radnor Capital Management LLC’s holdings in Adobe were worth $2,930,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADBE. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe during the 3rd quarter worth $26,000. Western Pacific Wealth Management LP acquired a new position in Adobe in the fourth quarter valued at about $26,000. Caitlin John LLC acquired a new position in Adobe in the third quarter valued at about $28,000. Beacon Financial Strategies CORP bought a new stake in Adobe during the fourth quarter worth about $28,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in Adobe during the third quarter worth about $27,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ADBE has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Adobe from $520.00 to $420.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. The Goldman Sachs Group cut their price target on shares of Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a report on Friday, March 13th. HSBC set a $302.00 price target on shares of Adobe in a research report on Friday, February 13th. Argus restated a “hold” rating on shares of Adobe in a research report on Monday, March 16th. Finally, Citigroup restated a “neutral” rating on shares of Adobe in a research note on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Adobe presently has an average rating of “Hold” and an average price target of $338.15.

Adobe Stock Up 3.2%

ADBE stock opened at $255.64 on Tuesday. The firm has a 50-day moving average price of $247.40 and a 200-day moving average price of $289.63. Adobe Inc. has a 12 month low of $224.13 and a 12 month high of $422.95. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $103.33 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 0.97 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.19. The company had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $5.08 EPS. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. As a group, equities research analysts anticipate that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe announced that its board has authorized a stock buyback program on Tuesday, April 21st that permits the company to buyback $25.00 billion in outstanding shares. This buyback authorization permits the software company to repurchase up to 24.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, CFO Daniel Durn sold 1,336 shares of the company’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $248.02, for a total transaction of $331,354.72. Following the completion of the transaction, the chief financial officer directly owned 42,833 shares in the company, valued at approximately $10,623,440.66. This represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jillian Forusz sold 755 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $246.25, for a total value of $185,918.75. Following the completion of the transaction, the chief accounting officer owned 3,521 shares of the company’s stock, valued at $867,046.25. The trade was a 17.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 77,091 shares of company stock valued at $18,782,773. 0.20% of the stock is currently owned by insiders.

About Adobe

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.