American Century Companies Inc. Has $50.06 Million Stock Holdings in Intuit Inc. $INTU

Key Points

• American Century Companies Inc. increased its stake in Intuit Inc. by 61.3% in Q1, owning 81,535 shares valued at $50.06 million.
• Institutional investors own 83.66% of Intuit's stock, with multiple firms significantly increasing their holdings during the first quarter.
• Intuit reported earnings per share of $11.65 for the last quarter, surpassing expectations and showing a 15.1% year-over-year revenue growth.

American Century Companies Inc. boosted its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 61.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 81,535 shares of the software maker's stock after purchasing an additional 31,001 shares during the period. American Century Companies Inc.'s holdings in Intuit were worth $50,062,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Intuit by 69,701.9% in the first quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock valued at $17,348,790,000 after buying an additional 2,821,534 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Intuit in the first quarter valued at approximately $882,031,000. Nicholas Hoffman & Company LLC. acquired a new stake in shares of Intuit in the first quarter valued at approximately $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Intuit by 33.5% in 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 valued at $1,930,765,000 after buying an additional 771,232 shares during the last quarter. Finally, Unisphere Establishment lifted its position in shares of Intuit by 50.0% in the fourth quarter. Unisphere Establishment now owns 1,500,000 shares of the software maker's stock valued at $942,750,000 after buying an additional 500,000 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. CLSA assumed coverage on Intuit in a research report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price objective for the company. BMO Capital Markets raised their price objective on Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Bank of America raised their price objective on Intuit from $730.00 to $875.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Oppenheimer raised their price objective on Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Finally, Hsbc Global Res upgraded Intuit from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $809.86.

Insider Buying and Selling

In other Intuit news, EVP Kerry J. Mclean sold 16,700 shares of Intuit stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $729.16, for a total transaction of $12,176,972.00. Following the transaction, the executive vice president directly owned 23,101 shares of the company's stock, valued at approximately $16,844,325.16. The trade was a 41.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott D. Cook sold 72,442 shares of Intuit stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $741.29, for a total value of $53,700,530.18. Following the transaction, the insider directly owned 6,063,495 shares in the company, valued at $4,494,808,208.55. The trade was a 1.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 279,800 shares of company stock worth $209,725,054. 2.68% of the stock is owned by company insiders.

Intuit Price Performance

Shares of NASDAQ INTU opened at $701.03 on Wednesday. The firm has a market cap of $195.55 billion, a P/E ratio of 56.90, a price-to-earnings-growth ratio of 2.76 and a beta of 1.28. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.29. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The business's 50 day moving average is $761.59 and its 200-day moving average is $673.01.

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

About Intuit

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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