EntryPoint Capital LLC Purchases Shares of 954 Intuit Inc. $INTU

Key Points

• EntryPoint Capital LLC acquired a new stake in Intuit Inc. by purchasing 954 shares valued at approximately $586,000 during the first quarter.
• Several hedge funds increased their stakes in Intuit, indicating strong institutional interest, with 83.66% of the stock owned by hedge funds and other institutional investors.
• Analysts have raised their price targets for Intuit shares, with BMO Capital Markets setting a new target of $870.00 and the stock earning a consensus rating of "Moderate Buy".

EntryPoint Capital LLC 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 Securities & Exchange Commission. The institutional investor acquired 954 shares of the software maker's stock, valued at approximately $586,000.

Other hedge funds also recently bought and sold shares of the company. Decatur Capital Management Inc. grew its holdings in Intuit by 0.3% during the first quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker's stock valued at $3,069,000 after purchasing an additional 16 shares during the last quarter. Financial Management Professionals Inc. grew its stake in shares of Intuit by 18.4% in the first quarter. Financial Management Professionals Inc. now owns 116 shares of the software maker's stock worth $71,000 after acquiring an additional 18 shares during the last quarter. Chris Bulman Inc grew its stake in shares of Intuit by 1.2% in the first quarter. Chris Bulman Inc now owns 1,523 shares of the software maker's stock worth $935,000 after acquiring an additional 18 shares during the last quarter. Kolinsky Wealth Management LLC grew its stake in shares of Intuit by 1.6% in the fourth quarter. Kolinsky Wealth Management LLC now owns 1,192 shares of the software maker's stock worth $749,000 after acquiring an additional 19 shares during the last quarter. Finally, Norden Group LLC grew its stake in shares of Intuit by 1.2% in the first quarter. Norden Group LLC now owns 1,663 shares of the software maker's stock worth $1,021,000 after acquiring an additional 19 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on INTU shares. BMO Capital Markets raised their price objective on shares of Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Citigroup raised their price objective on shares of Intuit from $789.00 to $815.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Evercore ISI raised their price objective on shares of Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. The Goldman Sachs Group raised their price objective on shares of Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Finally, Bank of America raised their price objective on shares of Intuit from $730.00 to $875.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Intuit has a consensus rating of "Moderate Buy" and an average price target of $809.86.

Insider Activity at Intuit

In other Intuit news, EVP Laura A. Fennell sold 25,648 shares of Intuit 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 completion of the transaction, the executive vice president directly owned 22,796 shares of the company's stock, valued at approximately $17,148,291. This trade represents a 52.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sandeep Aujla sold 16,061 shares of Intuit stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $726.13, for a total value of $11,662,373.93. Following the transaction, the chief financial officer directly owned 197 shares of the company's stock, valued at approximately $143,047.61. The trade was a 98.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 279,800 shares of company stock valued at $209,725,054. Insiders own 2.68% of the company's stock.

Intuit Stock Down 2.3%

Shares of INTU stock opened at $701.03 on Wednesday. The stock 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. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The stock has a fifty day moving average price of $761.59 and a 200 day moving average price of $673.01. 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 issued its earnings results on Thursday, May 22nd. The software maker reported $11.65 EPS for the quarter, topping the consensus estimate of $10.89 by $0.76. The firm had revenue of $7.75 billion during the quarter, compared to analysts' expectations of $7.56 billion. Intuit had a return on equity of 21.46% and a net margin of 19.07%.Intuit's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the business 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. Analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Company 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.

Want to see what other hedge funds are holding INTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuit Inc. (NASDAQ:INTU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.