Apexium Financial LP Boosts Stake in Intuit Inc. $INTU

Key Points

• Apexium Financial LP increased its stake in Intuit Inc. by 98.5%, holding a total of 784 shares worth $481,000 as of its recent filing.
• Intuit reported earnings of $2.75 per share for the last quarter, exceeding the consensus estimate of $2.66, with revenues up 20.3% year-over-year.
• Recent analyst reports have a consensus rating of "Moderate Buy" for Intuit, with a price target averaging around $797.62.

Apexium Financial LP boosted its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 98.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 784 shares of the software maker's stock after buying an additional 389 shares during the quarter. Apexium Financial LP's holdings in Intuit were worth $481,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Intuit by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock worth $16,780,536,000 after purchasing an additional 294,993 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Intuit by 7.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock worth $5,537,435,000 after purchasing an additional 649,212 shares during the period. Wellington Management Group LLP lifted its stake in shares of Intuit by 6.8% during the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock worth $3,472,266,000 after purchasing an additional 358,328 shares during the period. Brown Advisory Inc. lifted its stake in shares of Intuit by 7.9% during the 1st quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker's stock worth $2,114,950,000 after purchasing an additional 252,265 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Intuit by 17.3% during the 4th quarter. Northern Trust Corp now owns 3,371,013 shares of the software maker's stock worth $2,118,682,000 after purchasing an additional 498,030 shares during the period. Hedge funds and other institutional investors own 83.66% of the company's stock.

Intuit Trading Down 5.0%

Shares of INTU opened at $662.66 on Monday. The company has a current ratio of 1.36, a quick ratio of 1.45 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $184.85 billion, a P/E ratio of 48.23, a price-to-earnings-growth ratio of 2.55 and a beta of 1.28. The stock's fifty day simple moving average is $757.08 and its 200 day simple moving average is $675.53. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period last year, the company posted $1.99 EPS. The business's quarterly revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, equities research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Insider Buying and Selling

In other Intuit news, EVP Marianna Tessel sold 34,329 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $760.84, for a total value of $26,118,876.36. Following the transaction, the executive vice president directly owned 40,767 shares of the company's stock, valued at $31,017,164.28. This trade represents a 45.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Laura A. Fennell sold 25,648 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $752.25, for a total value of $19,293,708.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 279,800 shares of company stock valued at $209,725,054 over the last ninety days. Insiders own 2.68% of the company's stock.

Analyst Ratings Changes

INTU has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price target on Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. CLSA initiated coverage on Intuit in a research note on Thursday, June 26th. They set an "outperform" rating and a $900.00 price target on the stock. Barclays reduced their price target on Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a research note on Friday. Oppenheimer increased their price target on Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Finally, Citigroup cut their target price on Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $797.62.

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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