888 Shares in Intuit Inc. $INTU Acquired by Versor Investments LP

Key Points

• Versor Investments LP acquired 888 shares of Intuit Inc. for approximately $545,000, marking significant interest from institutional investors, who now own 83.66% of the company's stock.
• Intuit's recent quarterly earnings showed an EPS of $11.65, exceeding estimates and indicating a 15.1% year-over-year revenue growth, totaling $7.75 billion.
• Analysts have recently increased price targets for Intuit, with the consensus now set at $809.86, reflecting a "Moderate Buy" rating overall.

Versor Investments LP acquired a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 888 shares of the software maker's stock, valued at approximately $545,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Seek First Inc. bought a new stake in Intuit in the 1st quarter valued at $256,000. George Kaiser Family Foundation purchased a new position in shares of Intuit during the first quarter valued at about $285,000. Northwest & Ethical Investments L.P. grew its position in shares of Intuit by 41.4% during the first quarter. Northwest & Ethical Investments L.P. now owns 56,674 shares of the software maker's stock valued at $34,796,000 after purchasing an additional 16,580 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Intuit by 2.4% in the first quarter. Steward Partners Investment Advisory LLC now owns 15,843 shares of the software maker's stock worth $9,728,000 after purchasing an additional 365 shares during the last quarter. Finally, Roberts Capital Advisors LLC purchased a new stake in shares of Intuit in the first quarter worth about $903,000. Institutional investors own 83.66% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on INTU shares. Oppenheimer increased their target price on Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Hsbc Global Res upgraded shares of Intuit from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. UBS Group set a $750.00 target price on shares of Intuit and gave the stock a "neutral" rating in a report on Friday, May 23rd. Jefferies Financial Group set a $850.00 target price on shares of Intuit and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, Evercore ISI lifted their price target on Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Intuit presently has a consensus rating of "Moderate Buy" and a consensus target price of $809.86.

Intuit Stock Performance

Intuit stock opened at $701.03 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.45 and a current ratio of 1.45. The company has a 50 day moving average price of $761.59 and a 200-day moving average price of $673.01. The company has a market capitalization of $195.55 billion, a PE ratio of 56.90, a P/E/G ratio of 2.76 and a beta of 1.28. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 EPS for the quarter, beating the consensus estimate of $10.89 by $0.76. Intuit had a net margin of 19.07% and a return on equity of 21.46%. The business had revenue of $7.75 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the previous year, the business posted $9.88 EPS. The company's quarterly revenue was up 15.1% compared to the same quarter last year. Intuit has set its Q4 2025 guidance at 2.630-2.680 EPS. FY 2025 guidance at 20.070-20.120 EPS. As a group, equities analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Insider Activity

In related news, EVP Mark P. Notarainni sold 1,147 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total transaction of $887,663.30. Following the sale, the executive vice president owned 19 shares of the company's stock, valued at $14,704.10. This trade represents a 98.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Alex G. Balazs sold 882 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total transaction of $689,397.66. The disclosure for this sale can be found here. Insiders sold a total of 279,800 shares of company stock worth $209,725,054 over the last ninety days. 2.68% of the stock is currently owned by corporate insiders.

Intuit Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.

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