SS&H Financial Advisors Inc. Has $223,000 Holdings in Adobe Inc. $ADBE

SS&H Financial Advisors Inc. cut its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 63.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 576 shares of the software company’s stock after selling 1,000 shares during the period. SS&H Financial Advisors Inc.’s holdings in Adobe were worth $223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in ADBE. 1248 Management LLC acquired a new position in Adobe during the 1st quarter valued at about $25,000. Flaharty Asset Management LLC acquired a new position in Adobe during the 1st quarter valued at about $29,000. HHM Wealth Advisors LLC acquired a new position in Adobe during the 1st quarter valued at about $30,000. Nexus Investment Management ULC acquired a new position in Adobe during the 2nd quarter valued at about $31,000. Finally, Cornerstone Planning Group LLC lifted its position in Adobe by 128.6% during the 1st quarter. Cornerstone Planning Group LLC now owns 112 shares of the software company’s stock valued at $39,000 after purchasing an additional 63 shares during the period. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Stock Performance

Shares of ADBE stock opened at $340.31 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $142.45 billion, a P/E ratio of 21.20, a price-to-earnings-growth ratio of 1.51 and a beta of 1.49. The company’s 50 day moving average price is $350.67 and its two-hundred day moving average price is $368.72. Adobe Inc. has a 52 week low of $327.50 and a 52 week high of $557.90.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping the consensus estimate of $5.18 by $0.13. The firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the company 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. On average, analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ADBE shares. Mizuho downgraded shares of Adobe from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Oppenheimer cut their price target on shares of Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Adobe in a research report on Wednesday, October 8th. Citigroup cut their price target on shares of Adobe from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Thursday, September 11th. Finally, UBS Group cut their price target on shares of Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Adobe has an average rating of “Hold” and a consensus target price of $433.41.

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.