$1.22 EPS Expected for Adobe Systems Incorporated (ADBE)

February 24, 2018 - By Adrian Erickson

 $1.22 EPS Expected for Adobe Systems Incorporated (ADBE)
Investors sentiment increased to 1.11 in Q3 2017. Its up 0.01, from 1.1 in 2017Q2. It improved, as 42 investors sold Adobe Systems Incorporated shares while 327 reduced holdings. 97 funds opened positions while 312 raised stakes. 414.95 million shares or 0.84% less from 418.45 million shares in 2017Q2 were reported.
Strategy Asset Managers Ltd Liability Corporation accumulated 1.56% or 51,186 shares. Cambridge Trust Company holds 1.82% or 182,008 shares. Parus Finance (Uk) Limited owns 2.79% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 106,770 shares. Raymond James Assocs accumulated 230,526 shares. Gulf Intll National Bank (Uk) Limited has 0.31% invested in Adobe Systems Incorporated (NASDAQ:ADBE). 26,827 were reported by Acadian Asset Limited Com. Tortoise Inv Mgmt Ltd invested in 150 shares. Bp Public Ltd stated it has 56,000 shares. Mckinley Carter Wealth Services Incorporated accumulated 1,421 shares. Moreover, Bradley Foster & Sargent Ct has 0.73% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Eagle Asset Mngmt owns 29,664 shares. The South Dakota-based South Dakota Council has invested 0.05% in Adobe Systems Incorporated (NASDAQ:ADBE). First Citizens Bancshares Trust Communication owns 8,038 shares or 0.16% of their US portfolio. Blb&B Advsrs Limited Liability Corporation reported 0.09% in Adobe Systems Incorporated (NASDAQ:ADBE). Gabelli Funds Ltd Liability accumulated 143,300 shares or 0.12% of the stock.

Since September 13, 2017, it had 1 insider buy, and 14 selling transactions for $79.49 million activity. Shares for $297,032 were sold by Lewnes Ann. Rencher Bradley sold $3.63 million worth of stock or 18,410 shares. The insider THOMPSON MATTHEW sold 2,190 shares worth $379,784. On Monday, February 5 the insider DILLON MICHAEL A sold $3.51M. $5.97 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by LAMKIN BRYAN on Wednesday, January 31. GESCHKE CHARLES M sold 21,276 shares worth $3.97M.

Analysts expect Adobe Systems Incorporated (NASDAQ:ADBE) to report $1.22 EPS on March, 15.They anticipate $0.44 EPS change or 56.41 % from last quarter’s $0.78 EPS. ADBE’s profit would be $599.73M giving it 42.98 P/E if the $1.22 EPS is correct. After having $1.05 EPS previously, Adobe Systems Incorporated’s analysts see 16.19 % EPS growth. The stock increased 3.52% or $7.13 during the last trading session, reaching $209.74. About 2.35 million shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since February 24, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Therefore 76% are positive. Adobe Systems had 140 analyst reports since August 11, 2015 according to SRatingsIntel. FBR Capital maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Wednesday, October 7. FBR Capital has “Mkt Perform” rating and $87 target. On Thursday, January 5 the stock rating was initiated by BMO Capital Markets with “Outperform”. The rating was maintained by FBR Capital with “Mkt Perform” on Friday, December 11. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Outperform” rating by RBC Capital Markets on Friday, March 18. As per Tuesday, August 11, the company rating was upgraded by RBC Capital Markets. On Wednesday, January 24 the stock rating was maintained by Jefferies with “Buy”. The firm has “Outperform” rating given on Thursday, October 19 by BMO Capital Markets. The company was downgraded on Tuesday, December 12 by J.P. Morgan. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Market Perform” rating given on Wednesday, January 11 by Wells Fargo. The rating was maintained by Credit Suisse on Tuesday, January 23 with “Buy”.

Adobe Systems Incorporated operates as a diversified software firm worldwide. The company has market cap of $103.10 billion. The Company’s Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. It has a 62.05 P/E ratio. This segmentÂ’s flagship product is Creative Cloud, a subscription service that allows clients to download and install the latest versions of its creative products.

More news for Adobe Systems Incorporated (NASDAQ:ADBE) were recently published by: Seekingalpha.com, which released: “Adobe Vs. Salesforce: Battle Of The SaaS Giants” on January 28, 2018. Businesswire.com‘s article titled: “PSI Services Enters Agreement with Adobe Systems Incorporated to Increase …” and published on February 13, 2018 is yet another important article.

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