Bowie Capital Management LLC Acquires 14,813 Shares of Intuit Inc. $INTU

Key Points

• Bowie Capital Management LLC increased its stake in Intuit Inc. by 10.9%, acquiring an additional 14,813 shares, raising its total holding to 150,508 shares valued at $92.4 million.
• Insider sales included Scott D. Cook selling 72,442 shares for approximately $53.7 million, reducing his stake by 1.18%.
• Intuit reported a quarterly revenue of $7.75 billion, exceeding analyst expectations, and its earnings per share (EPS) for the quarter was $11.65, surpassing the consensus estimate of $10.89.

Bowie Capital Management LLC increased its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 10.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,508 shares of the software maker's stock after acquiring an additional 14,813 shares during the quarter. Intuit accounts for approximately 4.3% of Bowie Capital Management LLC's portfolio, making the stock its 13th largest position. Bowie Capital Management LLC owned approximately 0.05% of Intuit worth $92,410,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of INTU. Invesco Ltd. raised its holdings in shares of Intuit by 1.2% during the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock valued at $1,890,282,000 after purchasing an additional 36,513 shares during the period. Charles Schwab Investment Management Inc. increased its position in Intuit by 4.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock valued at $1,130,718,000 after buying an additional 82,419 shares in the last quarter. Pinnacle Financial Partners Inc boosted its holdings in Intuit by 3.6% in the first quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock worth $10,922,000 after acquiring an additional 623 shares in the last quarter. Capitolis Liquid Global Markets LLC acquired a new stake in Intuit in the fourth quarter valued at approximately $109,988,000. Finally, Malaga Cove Capital LLC grew its stake in Intuit by 110.6% in the first quarter. Malaga Cove Capital LLC now owns 874 shares of the software maker's stock valued at $537,000 after acquiring an additional 459 shares during the period. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Activity at Intuit

In related news, CAO Lauren D. Hotz sold 1,738 shares of Intuit stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $784.09, for a total value of $1,362,748.42. Following the sale, the chief accounting officer owned 455 shares of the company's stock, valued at approximately $356,760.95. The trade was a 79.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sandeep Aujla sold 2,591 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $782.22, for a total value of $2,026,732.02. Following the completion of the transaction, the chief financial officer owned 768 shares in the company, valued at approximately $600,744.96. The trade was a 77.14% 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 worth $209,725,054 over the last 90 days. Corporate insiders own 2.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised Intuit from a "hold" rating to a "buy" rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. upped their price objective on shares of Intuit from $660.00 to $770.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Oppenheimer upped their target price on shares of Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Susquehanna reaffirmed a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. Finally, Wells Fargo & Company set a $880.00 price objective on Intuit and gave the stock an "overweight" rating in a report on Friday, June 13th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $809.86.

Intuit Stock Down 0.3%

INTU stock traded down $2.2190 during trading on Wednesday, reaching $698.8110. The stock had a trading volume of 1,806,496 shares, compared to its average volume of 1,772,904. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $194.93 billion, a price-to-earnings ratio of 56.72, a P/E/G ratio of 2.76 and a beta of 1.28. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The company's 50 day moving average is $761.59 and its two-hundred 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 firm had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $7.56 billion. Intuit had a return on equity of 21.46% and a net margin of 19.07%.The company's revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.88 EPS. 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 forecast that Intuit Inc. will post 14.09 EPS 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.