Intuit Inc. $INTU Shares Sold by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC reduced its stake in Intuit Inc. by 7.2%, holding 57,830 shares valued at approximately $35.5 million after selling 4,489 shares during the first quarter.
• Intuit reported EPS of $11.65 for the latest quarter, exceeding expectations of $10.89, with revenues reaching $7.75 billion, up 15.1% year-over-year.
• The company announced a quarterly dividend of $1.04 per share, resulting in an annualized dividend yield of 0.6%.

HighTower Advisors LLC trimmed its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 7.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,830 shares of the software maker's stock after selling 4,489 shares during the quarter. HighTower Advisors LLC's holdings in Intuit were worth $35,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of INTU. GAMMA Investing LLC grew its position in Intuit by 69,701.9% during the first quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock valued at $17,348,790,000 after buying an additional 2,821,534 shares during the period. Nuveen LLC bought a new stake in shares of Intuit during the 1st quarter valued at $882,031,000. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit during the 1st quarter valued at $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Intuit by 33.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker's stock worth $1,930,765,000 after purchasing an additional 771,232 shares in the last quarter. Finally, Unisphere Establishment raised its holdings in Intuit by 50.0% in the 4th quarter. Unisphere Establishment now owns 1,500,000 shares of the software maker's stock worth $942,750,000 after purchasing an additional 500,000 shares during the period. Institutional investors own 83.66% of the company's stock.

Insider Buying and Selling

In other Intuit news, EVP Kerry J. Mclean sold 16,700 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $729.16, for a total value of $12,176,972.00. Following the completion of the transaction, the executive vice president directly owned 23,101 shares in the company, valued at approximately $16,844,325.16. The trade was a 41.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sandeep Aujla sold 16,061 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $726.13, for a total transaction of $11,662,373.93. Following the completion of the sale, the chief financial officer owned 197 shares in the company, valued at $143,047.61. This represents a 98.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 279,800 shares of company stock valued at $209,725,054 over the last three months. Corporate insiders own 2.68% of the company's stock.

Intuit Stock Down 1.5%

NASDAQ:INTU traded down $10.9170 during mid-day trading on Tuesday, reaching $706.2930. The company's stock had a trading volume of 940,967 shares, compared to its average volume of 1,763,019. 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 has a market capitalization of $197.02 billion, a PE ratio of 57.42, a price-to-earnings-growth ratio of 2.76 and a beta of 1.28. The stock has a fifty day moving average of $762.81 and a 200-day moving average of $672.81. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 EPS for the quarter, beating the consensus estimate of $10.89 by $0.76. Intuit had a net margin of 19.07% and a return on equity of 21.46%. The business had revenue of $7.75 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the previous year, the business posted $9.88 EPS. The company's quarterly revenue was up 15.1% compared to the same quarter last year. 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 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on INTU. JPMorgan Chase & Co. upped their price target on Intuit from $660.00 to $770.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. KeyCorp restated an "overweight" rating and set a $850.00 target price (up previously from $770.00) on shares of Intuit in a research note on Friday, May 23rd. HSBC raised shares of Intuit from a "hold" rating to a "buy" rating and set a $699.00 price target on the stock in a report on Wednesday, April 23rd. The Goldman Sachs Group raised their price objective on shares of Intuit from $750.00 to $860.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $809.86.

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.