Intuit Inc. $INTU Shares Sold by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC has reduced its stake in Intuit Inc. by 2.5%, now holding 43,900 shares valued at approximately $26.95 million.
• Insider sales have been significant, with CFO Sandeep Aujla selling 16,061 shares and Scott D. Cook selling 72,442 shares, resulting in notable decreases in their ownership percentages.
• Despite a recent 0.2% decline in stock price, Intuit reported an EPS of $11.65, exceeding analyst expectations and indicating a year-over-year revenue growth of 15.1%.

Kovitz Investment Group Partners LLC lowered its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,900 shares of the software maker's stock after selling 1,113 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Intuit were worth $26,954,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Invesco Ltd. grew its stake in Intuit by 1.2% in the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after purchasing an additional 36,513 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Intuit by 4.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock valued at $1,130,718,000 after acquiring an additional 82,419 shares in the last quarter. Pinnacle Financial Partners Inc boosted its position in Intuit by 3.6% during the 1st quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock valued at $10,922,000 after acquiring an additional 623 shares in the last quarter. Capitolis Liquid Global Markets LLC bought a new stake in Intuit during the 4th quarter valued at $109,988,000. Finally, Malaga Cove Capital LLC boosted its position in Intuit by 110.6% during the 1st quarter. Malaga Cove Capital LLC now owns 874 shares of the software maker's stock valued at $537,000 after acquiring an additional 459 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Insider Activity at Intuit

In other Intuit news, EVP Mark P. Notarainni sold 1,147 shares of Intuit stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total transaction of $887,663.30. Following the completion of the sale, the executive vice president owned 19 shares of the company's stock, valued at approximately $14,704.10. The trade was a 98.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sandeep Aujla sold 2,591 shares of Intuit stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $782.22, for a total value of $2,026,732.02. Following the sale, the chief financial officer directly owned 768 shares of the company's stock, valued at approximately $600,744.96. This represents a 77.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 279,800 shares of company stock worth $209,725,054 in the last quarter. 2.68% of the stock is owned by insiders.

Intuit Stock Up 0.1%

Shares of INTU traded up $0.6770 during midday trading on Wednesday, hitting $701.7070. 774,036 shares of the company's stock traded hands, compared to its average volume of 1,766,900. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The firm's fifty day moving average is $761.59 and its 200-day moving average is $673.01. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $195.74 billion, a price-to-earnings ratio of 56.85, a price-to-earnings-growth ratio of 2.76 and a beta of 1.28.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data 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 return on equity of 21.46% and a net margin of 19.07%.The firm had revenue of $7.75 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the prior year, the business posted $9.88 EPS. The business's revenue for the quarter 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. As a group, sell-side analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on INTU shares. Wells Fargo & Company set a $880.00 target price on Intuit and gave the company an "overweight" rating in a research report on Friday, June 13th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $850.00 target price (up previously from $760.00) on shares of Intuit in a research report on Friday, May 23rd. Susquehanna reaffirmed a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. The Goldman Sachs Group increased their target price on Intuit from $750.00 to $860.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Finally, Wall Street Zen raised Intuit from a "hold" rating to a "buy" rating in a research report on Tuesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.