Thematics Asset Management Has $6.39 Million Stock Holdings in Intuit Inc. $INTU

Key Points

• Thematics Asset Management reduced its stake in Intuit Inc. by 4.6% in Q1, holding 10,412 shares valued at $6.39 million after selling 498 shares during the period.
• A significant portion of Intuit's stock, approximately 83.66%, is owned by institutional investors and hedge funds, indicating robust institutional interest in the company.
• Several analysts have adjusted their price targets for Intuit, with Goldman Sachs raising it to **$860**, while others have set targets between **$725** and **$850**, reflecting varying outlooks on the stock’s performance.

Thematics Asset Management trimmed its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 4.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,412 shares of the software maker's stock after selling 498 shares during the quarter. Thematics Asset Management's holdings in Intuit were worth $6,393,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Intuit by 1.1% in the first 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 position in Intuit by 7.8% in the first 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 position in Intuit by 6.8% in the first 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 position in Intuit by 7.9% in the first 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 position in Intuit by 17.3% in the fourth 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. 83.66% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Alex G. Balazs sold 882 shares of the stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total value of $689,397.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the company's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $768.43, for a total transaction of $255,887.19. Following the completion of the transaction, the director directly owned 15,474 shares in the company, valued at $11,890,685.82. This trade represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 149,650 shares of company stock valued at $113,959,883. 2.68% of the stock is currently owned by company insiders.

Intuit Stock Up 0.4%

Shares of INTU traded up $2.58 during mid-day trading on Tuesday, reaching $659.54. The company's stock had a trading volume of 3,762,506 shares, compared to its average volume of 2,044,962. The business has a fifty day moving average of $752.75 and a 200 day moving average of $675.97. The company has a market cap of $183.98 billion, a price-to-earnings ratio of 48.00, a price-to-earnings-growth ratio of 2.57 and a beta of 1.28. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The company has a quick ratio of 1.45, a current ratio of 1.36 and a debt-to-equity ratio of 0.30.

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

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be issued a $1.20 dividend. The ex-dividend date is Thursday, October 9th. This is an increase from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit's dividend payout ratio is currently 30.28%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Citigroup cut their target price on Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a research report on Friday. KeyCorp cut their target price on Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research report on Friday. CLSA assumed coverage on Intuit in a research report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 target price for the company. Oppenheimer upped their target price on Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Finally, Barclays cut their target price on Intuit from $815.00 to $785.00 and set an "overweight" rating for the company 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 assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Intuit presently has a consensus rating of "Moderate Buy" and a consensus price target of $797.62.

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.