Willis Investment Counsel Has $14.25 Million Stock Position in Adobe Inc. $ADBE

Willis Investment Counsel grew its position in shares of Adobe Inc. (NASDAQ:ADBE) by 138.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,715 shares of the software company’s stock after acquiring an additional 23,671 shares during the quarter. Willis Investment Counsel’s holdings in Adobe were worth $14,250,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ADBE. Brighton Jones LLC boosted its position in Adobe by 2.1% during the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after acquiring an additional 167 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Adobe by 25.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock worth $926,000 after acquiring an additional 486 shares during the last quarter. United Bank boosted its position in Adobe by 12.8% during the 2nd quarter. United Bank now owns 3,773 shares of the software company’s stock worth $1,460,000 after acquiring an additional 428 shares during the last quarter. Schnieders Capital Management LLC. boosted its position in Adobe by 7.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company’s stock worth $1,017,000 after acquiring an additional 190 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in Adobe by 190.6% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company’s stock worth $1,069,000 after acquiring an additional 1,813 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total value of $485,323.10. Following the sale, the chief financial officer owned 41,995 shares in the company, valued at approximately $12,382,225.75. This represents a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Adobe Trading Down 0.3%

Shares of Adobe stock opened at $239.31 on Thursday. Adobe Inc. has a 12-month low of $233.15 and a 12-month high of $422.95. The stock has a market cap of $96.73 billion, a P/E ratio of 13.94, a P/E/G ratio of 0.95 and a beta of 1.52. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $259.42 and its 200-day moving average is $309.09.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The company had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the prior year, the business posted $5.08 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Equities research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. The Goldman Sachs Group reduced their price target on Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a research report on Friday, March 13th. Oppenheimer reiterated a “market perform” rating on shares of Adobe in a research note on Friday, March 13th. Wolfe Research dropped their price objective on Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. JPMorgan Chase & Co. dropped their price objective on Adobe from $520.00 to $420.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Finally, Stifel Nicolaus dropped their price objective on Adobe from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fourteen have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, Adobe currently has a consensus rating of “Hold” and a consensus target price of $343.88.

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.