Aberdeen Group plc Has $128.32 Million Position in Intuit Inc. $INTU

Key Points

• Aberdeen Group plc reduced its stake in Intuit Inc. by 24.3%, selling 68,237 shares during the first quarter, now holding approximately 0.08% of the company valued at $128.324 million.
• Intuit reported earnings of $11.65 per share, exceeding estimates and showing a 15.1% year-over-year revenue growth to $7.75 billion.
• The company recently declared a quarterly dividend of $1.04 per share, with a dividend yield of 0.6% and a payout ratio of 33.77%.

Aberdeen Group plc reduced its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 24.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 212,556 shares of the software maker's stock after selling 68,237 shares during the quarter. Aberdeen Group plc owned approximately 0.08% of Intuit worth $128,324,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in INTU. GAMMA Investing LLC boosted its holdings in shares of Intuit by 69,701.9% during the first quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock worth $17,348,790,000 after purchasing an additional 2,821,534 shares during the period. Nuveen LLC acquired a new stake in shares of Intuit during the first quarter worth approximately $882,031,000. Nicholas Hoffman & Company LLC. acquired a new stake in shares of Intuit during the first quarter worth approximately $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Intuit by 33.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker's stock worth $1,930,765,000 after purchasing an additional 771,232 shares during the period. Finally, Unisphere Establishment boosted its holdings in shares of Intuit by 50.0% during the fourth quarter. Unisphere Establishment now owns 1,500,000 shares of the software maker's stock worth $942,750,000 after purchasing an additional 500,000 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Stock Performance

INTU stock traded down $0.6450 on Wednesday, reaching $700.3850. 774,036 shares of the company were exchanged, compared to its average volume of 1,766,900. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The stock's fifty day moving average price is $761.59 and its 200 day moving average price is $673.01. The firm has a market capitalization of $195.37 billion, a PE ratio of 56.85, a PEG ratio of 2.76 and a beta of 1.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.45 and a quick ratio of 1.45.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the previous year, the firm posted $9.88 earnings per share. Intuit's 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. On average, research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Insider Buying and Selling at Intuit

In related news, insider Scott D. Cook sold 72,442 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $741.29, for a total transaction of $53,700,530.18. Following the transaction, the insider owned 6,063,495 shares of the company's stock, valued at approximately $4,494,808,208.55. The trade was a 1.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Laura A. Fennell sold 25,648 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $752.25, for a total transaction of $19,293,708.00. Following the transaction, the executive vice president directly owned 22,796 shares in the company, valued at $17,148,291. This trade represents a 52.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 279,800 shares of company stock valued at $209,725,054 in the last three months. 2.68% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Oppenheimer raised their price target on shares of Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Jefferies Financial Group set a $850.00 target price on shares of Intuit and gave the company a "buy" rating in a research note on Friday, May 23rd. Piper Sandler reiterated an "overweight" rating and issued a $825.00 target price (up from $785.00) on shares of Intuit in a research note on Friday, May 23rd. Morgan Stanley lifted their target price on shares of Intuit from $785.00 to $900.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Finally, BMO Capital Markets lifted their target price on shares of Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Intuit has a consensus rating of "Moderate Buy" and an average price target of $809.86.

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.