Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $5.08 Million Stock Holdings in Adobe Inc. $ADBE

Empirical Financial Services LLC d.b.a. Empirical Wealth Management trimmed its position in shares of Adobe Inc. (NASDAQ:ADBE) by 25.8% during the first quarter, HoldingsChannel reports. The firm owned 20,886 shares of the software company’s stock after selling 7,262 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Adobe were worth $5,077,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SWAN Capital LLC raised its stake in Adobe by 43.1% during the 3rd quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock worth $36,000 after buying an additional 31 shares during the period. Logan Capital Management Inc. grew its stake in Adobe by 0.3% in the third quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock valued at $3,453,000 after acquiring an additional 32 shares during the period. Peoples Bank KS grew its stake in Adobe by 1.6% in the fourth quarter. Peoples Bank KS now owns 2,041 shares of the software company’s stock valued at $714,000 after acquiring an additional 33 shares during the period. Rosenberg Matthew Hamilton increased its holdings in shares of Adobe by 16.1% in the fourth quarter. Rosenberg Matthew Hamilton now owns 245 shares of the software company’s stock worth $86,000 after acquiring an additional 34 shares in the last quarter. Finally, Marquette Asset Management LLC increased its holdings in shares of Adobe by 72.3% in the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock worth $28,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Price Performance

NASDAQ ADBE opened at $220.78 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $376.16. The company has a market capitalization of $87.76 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 0.78 and a beta of 1.43. The firm’s 50 day moving average is $229.83 and its 200-day moving average is $258.06.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping analysts’ consensus estimates of $5.82 by $0.14. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The business had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the previous year, the firm posted $5.06 earnings per share. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. Equities research analysts anticipate that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

Adobe declared that its board has authorized a share buyback plan on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in shares. This repurchase authorization authorizes the software company to purchase up to 24.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is advancing its AI strategy, including a planned acquisition of Topaz Labs, which should deepen its AI-powered creative tools and strengthen its core product suite. Adobe (ADBE) Buys Topaz Labs As AI Revenue Runs At 3x Prior Year
• Positive Sentiment: Adobe’s AI-first recurring revenue is growing quickly, with management saying it is running at more than three times last year’s pace and now above $500 million, which supports the long-term growth narrative. Adobe (ADBE) Freemium AI Push Puts Valuation Back In Focus
• Positive Sentiment: Technical momentum has improved, with Adobe recently breaking above its 50-day moving average, which some traders view as a short-term bullish signal. Adobe Systems (ADBE) Recently Broke Out Above the 50-Day Moving Average
• Neutral Sentiment: Several articles highlighted Adobe’s AI and brand-discovery efforts, including commentary from its CMO on how AI is changing marketing and search behavior, but these were more strategic than immediately market-moving. Adobe CMO Lara Balazs Says AI Is Rewriting Brand Discovery: ‘There’s AI. Do That.’
• Neutral Sentiment: Adobe continues to draw investor attention after strong quarterly results and raised guidance, but those positives are being balanced against valuation concerns and the risk of softer enterprise spending. Adobe Inc. (ADBE) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: IBM’s warning about weaker enterprise software spending is weighing on Adobe and the broader software group, raising fears that customers may delay or cut software purchases. IBM Warning Hits Software Stocks
• Negative Sentiment: Adobe’s stock has been in a longer-term downtrend despite recent rebounds, so some investors may still be cautious about the valuation and recovery path. Is Adobe Stock Really Broken, or Just Violently Marked Down?

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Bank of America reaffirmed an “underperform” rating and set a $190.00 price target on shares of Adobe in a research report on Tuesday, July 7th. BTIG Research started coverage on Adobe in a research note on Monday, April 13th. They set a “neutral” rating for the company. Dbs Bank downgraded shares of Adobe from a “moderate buy” rating to a “hold” rating in a report on Tuesday, May 19th. HSBC raised shares of Adobe from a “hold” rating to a “buy” rating and lifted their price target for the company from $282.00 to $308.00 in a research note on Thursday, July 2nd. Finally, UBS Group set a $365.00 price target on shares of Adobe in a report on Friday, June 12th. Six analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Adobe presently has an average rating of “Hold” and an average price target of $275.00.

Insider Buying and Selling at Adobe

In other news, CAO Jillian Forusz sold 755 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was 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 in the company, valued at $867,046.25. This trade represents a 17.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $248.02, for a total value of $331,354.72. Following the completion of the sale, 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 77,091 shares of company stock valued at $18,782,773 over the last quarter. 0.20% of the stock is currently owned by corporate insiders.

Adobe 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.