Aptus Capital Advisors LLC Has $20.41 Million Stock Holdings in Intuit Inc. $INTU

Key Points

• Aptus Capital Advisors LLC increased its stake in Intuit Inc. by 8.9% during the first quarter, now holding 33,247 shares valued at $20,413,000.
• Bank of America and Goldman Sachs both raised their price targets for Intuit, with new objectives set at $875.00 and $860.00, respectively, both maintaining a "buy" rating.
• Intuit recently reported an EPS of $11.65 for the last quarter, surpassing analysts’ expectations, with a year-over-year revenue increase of 15.1%.

Aptus Capital Advisors LLC raised its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 8.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,247 shares of the software maker's stock after acquiring an additional 2,714 shares during the quarter. Aptus Capital Advisors LLC's holdings in Intuit were worth $20,413,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Invesco Ltd. lifted 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 acquiring an additional 36,513 shares during the period. Charles Schwab Investment Management Inc. increased its position in Intuit by 4.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock worth $1,130,718,000 after purchasing an additional 82,419 shares during the period. Pinnacle Financial Partners Inc increased its position 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 purchasing an additional 623 shares during the period. Capitolis Liquid Global Markets LLC acquired a new stake in Intuit in the fourth quarter worth about $109,988,000. Finally, Malaga Cove Capital LLC increased its position in Intuit by 110.6% in the first quarter. Malaga Cove Capital LLC now owns 874 shares of the software maker's stock worth $537,000 after purchasing an additional 459 shares during the period. 83.66% of the stock is owned by institutional investors.

Insider Transactions at Intuit

In other Intuit news, EVP Mark P. Notarainni sold 1,147 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total value of $887,663.30. Following the sale, the executive vice president owned 19 shares in the company, valued at approximately $14,704.10. The trade was a 98.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Lauren D. Hotz sold 1,738 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $784.09, for a total transaction of $1,362,748.42. Following the transaction, the chief accounting officer owned 455 shares of the company's stock, valued at $356,760.95. The trade was a 79.25% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 279,800 shares of company stock worth $209,725,054. Corporate insiders own 2.68% of the company's stock.

Analysts Set New Price Targets

INTU has been the subject of a number of research reports. Hsbc Global Res upgraded Intuit from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company set a $880.00 price objective on Intuit and gave the stock an "overweight" rating in a research report on Friday, June 13th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $850.00 price objective (up from $760.00) on shares of Intuit in a research report on Friday, May 23rd. Barclays restated an "overweight" rating and set a $815.00 target price (up from $775.00) on shares of Intuit in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. boosted their target price on Intuit from $660.00 to $770.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Intuit has an average rating of "Moderate Buy" and a consensus price target of $809.86.

Intuit Stock Down 0.2%

Shares of INTU traded down $1.39 on Thursday, hitting $697.76. The company's stock had a trading volume of 2,497,899 shares, compared to its average volume of 1,780,066. 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 firm's fifty day moving average price is $760.28 and its 200-day moving average price is $673.19. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The firm has a market capitalization of $194.64 billion, a price-to-earnings ratio of 56.64, a P/E/G ratio of 2.70 and a beta of 1.28.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.65 by ($0.95). Intuit had a net margin of 19.07% and a return on equity of 21.46%. 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 expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit 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.