Published: Sat, January 27, 2018
Business | By Kate Woods

Jefferies Group Weighs in on Adobe Systems Incorporated's Q1 2018 Earnings (ADBE)


The Marsico Capital Management Llc holds 113,759 shares with $16.97M value, down from 116,778 last quarter. Miura Global Management Llc who had been investing in Accelerate Diagnostics Inc for a number of months, seems to be less bullish one the $1.66 billion market cap company. The stock increased 1.25% or $2.4699 during the last trading session, reaching $199.9799. About 3.42 million shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since January 27, 2017 and is uptrending. It has outperformed by 25.59% the S&P500. The Sandhill Capital Partners Llc holds 158,247 shares with $23.61 million value, up from 155,645 last quarter. Exxon Mobil Corporation now has $375.94 billion valuation. The stock increased 0.61% or $0.7 during the last trading session, reaching $115.2. About 2,907 shares traded. CoreSite Realty Corporation (NYSE:COR) has risen 35.38% since January 26, 2017 and is uptrending.

Investors sentiment decreased to 0.66 in 2017 Q3. Its the same as in 2017Q2. Jnba Financial Advsrs holds 0% or 12 shares. Morgan Stanley reported 147,331 shares. Norinchukin Bancorp The accumulated 36,723 shares. Pivotal Research upgraded shares of Adobe Systems from a "sell" rating to a "hold" rating and increased their price target for the company from $118.00 to $160.00 in a report on Wednesday, October 18th. Saturna Cap stated it has 536,830 shares. Manning Napier Advisors Lc has 55,943 shares for 0.04% of their portfolio. Following the completion of the transaction, the executive vice president now owns 50,497 shares in the company, valued at $8,761,229.50. Lord Abbett & Co Lc holds 0.08% or 389,257 shares. They expect $-0.33 EPS, down 6.45% or $0.02 from last year's $-0.31 per share. The Texas-based Teacher Retirement Sys Of Texas has invested 0.03% in Bunge Limited (NYSE:BG). Columbia Asset invested in 0.61% or 13,270 shares. After $-0.31 actual EPS reported by Accelerate Diagnostics, Inc. for the previous quarter, Wall Street now forecasts 6.45% negative EPS growth. Lazard Asset Ltd Com reported 236,423 shares stake.

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Since August 14, 2017, it had 8 insider buys, and 1 insider sale for $5.76 million activity. Janus Henderson Group PLC now owns 11,226,707 shares of the software company's stock worth $1,587,936,000 after buying an additional 9,957,241 shares during the period. WARNOCK JOHN E sold 6,800 shares worth $1.18M. On Tuesday, September 5 the stock rating was maintained by RBC Capital Markets with "Buy".

Among 13 analysts covering Sabre Corporation (NASDAQ:SABR), 8 have Buy rating, 2 Sell and 3 Hold. Therefore 61% are positive. Accelerate Diagnostics had 9 analyst reports since August 25, 2015 according to SRatingsIntel. The stock has "Buy" rating by Cowen & Co on Thursday, July 27. Longbow downgraded the stock to "Neutral" rating in Wednesday, February 22 report. The company has a market capitalization of $99,230.00, a price-to-earnings ratio of 59.38, a P/E/G ratio of 2.45 and a beta of 1.05. The firm earned "Buy" rating on Monday, August 14 by Jefferies. The stock has "Buy" rating by Canaccord Genuity on Friday, July 28. Credit Suisse maintained it with "Outperform" rating and $27 target in Friday, February 19 report. The rating was maintained by RBC Capital Markets on Friday, October 2 with "Outperform". The insider Lewnes Ann sold $297,032. Murphy Capital Management Inc. acquired a new stake in shares of Adobe Systems during the first quarter worth $244,000. THOMPSON MATTHEW also sold $379,784 worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares. It also reduced Universal Health Services (NYSE:UHS) stake by 7,541 shares and now owns 3,010 shares. Lockheed Martin Corp (NYSE:LMT) was raised too.

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The analysts offering 12 month price targets for Adobe Systems Incorporated have a median target of $220, with a high estimate of $253 and a low estimate of $165. Therefore 89% are positive. CDK Global had 13 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Outperform" rating by BMO Capital Markets on Thursday, October 19. $3.97 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by GESCHKE CHARLES M on Wednesday, January 10. Loop Capital maintained WNS (NYSE:Holdings Limited) rating on Monday, October 30. The firm has "Hold" rating given on Friday, September 15 by Credit Suisse. The company was initiated on Thursday, March 31 by Canaccord Genuity. Jefferies Group has a "Buy" rating and a $205.00 price objective on the stock. Goldman Sachs has "Neutral" rating and $20 target. The rating was maintained by Stephens with "Buy" on Tuesday, January 2. The original version of this piece can be accessed at https://www.thelincolnianonline.com/2018/01/27/steward-partners-investment-advisory-llc-boosts-holdings-in-adobe-systems-incorporated-adbe.html. The stock has "Buy" rating by Robert W. Baird on Thursday, August 31. The 43221 consensus earnings estimates for the company have stabilized at US$1.51 per share. ADBE's profit will be $522.52 million for 47.48 P/E if the $1.06 EPS becomes a reality.

According to Finviz reported data, The SMA20 of the stock is at 1.56%, SMA50 is 0.72 percent, while SMA200 is -4.78%. It is positive, as 42 investors sold ADBE shares while 327 reduced holdings. Hedge funds and other institutional investors own 87.09% of the company's stock.

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Adobe Systems Incorporated (NASDAQ:ADBE) was down -0.14% (-$0.27) to $197.51 and showed a volume of 2.57 mln shares. Dekabank Deutsche Girozentrale owns 167,759 shares. Piedmont Advsr Ltd Company accumulated 122,256 shares. Country Trust Bancorp reported 425 shares. Cadence Capital Mngmt Ltd Liability Company, Massachusetts-based fund reported 2,868 shares. Price T Rowe Md holds 0.02% or 934,067 shares. 4,698 were reported by Bbva Compass Savings Bank. Moreover, Marsico Management Ltd Llc has 0.68% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 113,759 shares. 7,118 were accumulated by Brinker Inc. (NASDAQ:EA). Levin Capital Strategies Limited Partnership invested in 0.01% or 5,080 shares. Clinton Group Inc. purchased a new stake in shares of Adobe Systems in the second quarter worth $411,000. Cap Investment Service Of America reported 3.14% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Strs Ohio, a Ohio-based fund reported 993,007 shares. Tpg Group Hldgs (Sbs) Advisors reported 27,582 shares or 0.07% of all its holdings.

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