Azimuth Capital Investment Management LLC Sells 354 Shares of Intuit Inc. $INTU

Key Points

• Azimuth Capital Investment Management LLC reduced its holdings in Intuit Inc. by 2.0%, now owning 17,174 shares valued at approximately $10.55 million.
• Several hedge funds have increased their positions in Intuit, with DSM Capital Partners LLC leading with a 39.4% increase, owning 478,434 shares worth about $293.75 million.
• Intuit recently announced a $1.04 quarterly dividend, reflecting an annualized yield of 0.6%, and its earnings for the last quarter exceeded expectations with a reported EPS of $11.65.

Azimuth Capital Investment Management LLC trimmed its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 2.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,174 shares of the software maker's stock after selling 354 shares during the quarter. Azimuth Capital Investment Management LLC's holdings in Intuit were worth $10,545,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of INTU. Copia Wealth Management acquired a new position in Intuit during the 4th quarter valued at about $25,000. Heck Capital Advisors LLC acquired a new position in Intuit during the 4th quarter valued at about $28,000. Olde Wealth Management LLC acquired a new position in Intuit during the 1st quarter valued at about $37,000. Atlantic Edge Private Wealth Management LLC increased its stake in Intuit by 523.1% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 81 shares of the software maker's stock valued at $50,000 after buying an additional 68 shares during the period. Finally, Hughes Financial Services LLC acquired a new position in Intuit during the 1st quarter valued at about $50,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. BMO Capital Markets raised their target price on shares of Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Oppenheimer raised 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. HSBC upgraded shares of Intuit from a "hold" rating to a "buy" rating and set a $699.00 target price for the company in a report on Wednesday, April 23rd. JPMorgan Chase & Co. raised their target price on shares of Intuit from $660.00 to $770.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Finally, Hsbc Global Res upgraded shares of Intuit from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Intuit currently has an average rating of "Moderate Buy" and a consensus target price of $809.86.

Intuit Stock Up 0.1%

Shares of INTU stock traded up $0.4160 during trading on Wednesday, hitting $701.4460. 774,036 shares of the company were exchanged, compared to its average volume of 1,766,900. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market capitalization of $195.67 billion, a price-to-earnings ratio of 56.85, a P/E/G ratio of 2.76 and a beta of 1.28. The business's 50-day simple moving average is $761.59 and its 200 day simple moving average is $673.01. 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 quarterly earnings data on Thursday, May 22nd. The software maker reported $11.65 earnings per share for the quarter, beating the consensus estimate of $10.89 by $0.76. The firm had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.56 billion. Intuit had a net margin of 19.07% and a return on equity of 21.46%. The company's revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter last year, the firm 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. As a group, analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Insider Activity

In related news, EVP Marianna Tessel sold 34,329 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $760.84, for a total transaction of $26,118,876.36. Following the transaction, the executive vice president owned 40,767 shares of the company's stock, valued at approximately $31,017,164.28. This trade represents a 45.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Laura A. Fennell sold 25,648 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $752.25, for a total transaction of $19,293,708.00. Following the transaction, the executive vice president directly owned 22,796 shares in the company, valued at approximately $17,148,291. The trade was a 52.94% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 279,800 shares of company stock valued at $209,725,054. 2.68% of the stock is currently owned by company insiders.

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.