Korea Investment CORP Lowers Holdings in Intuit Inc. $INTU

Key Points

• Korea Investment Corp decreased its stake in Intuit Inc. by 0.6%, owning a total of 210,450 shares valued at approximately $129.2 million.
• Recent analysis shows varied price targets for Intuit, with Morgan Stanley raising its target from $785 to $900 and the stock holding an average target of $809.86 among analysts.
• Intuit's recent earnings report indicated a strong performance, with an EPS of $11.65, exceeding estimates, and revenue growth of 15.1% year-over-year.

Korea Investment CORP reduced its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 0.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,450 shares of the software maker's stock after selling 1,254 shares during the period. Korea Investment CORP owned approximately 0.08% of Intuit worth $129,214,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of INTU. GAMMA Investing LLC lifted its stake in shares of Intuit by 69,701.9% in the first quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock worth $17,348,790,000 after buying an additional 2,821,534 shares in the last quarter. Nuveen LLC purchased a new position in shares of Intuit in the first quarter worth about $882,031,000. Nicholas Hoffman & Company LLC. purchased a new position in shares of Intuit in the first quarter worth about $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Intuit by 33.5% in the fourth 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 buying an additional 771,232 shares in the last quarter. Finally, Unisphere Establishment lifted its stake in shares of Intuit by 50.0% in the fourth quarter. Unisphere Establishment now owns 1,500,000 shares of the software maker's stock worth $942,750,000 after buying an additional 500,000 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intuit

In other Intuit news, CAO Lauren D. Hotz sold 1,738 shares of Intuit stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $784.09, for a total transaction of $1,362,748.42. Following the completion of the sale, the chief accounting officer directly owned 455 shares in the company, valued at $356,760.95. This trade represents a 79.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $768.43, for a total transaction of $255,887.19. Following the sale, the director owned 15,474 shares of the company's stock, valued at approximately $11,890,685.82. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 279,800 shares of company stock valued at $209,725,054. 2.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Intuit from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. Wells Fargo & Company set a $880.00 price objective on shares of Intuit and gave the stock an "overweight" rating in a research report on Friday, June 13th. JPMorgan Chase & Co. cut their price objective on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a research report on Friday. The Goldman Sachs Group raised their price objective on shares of Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Finally, Citigroup cut their price objective on shares of Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a research report on Friday. One investment 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 given a Sell rating to the company. According to data from MarketBeat.com, Intuit has an average rating of "Moderate Buy" and an average price target of $797.62.

Intuit Trading Down 5.0%

Shares of INTU traded down $35.10 during trading on Friday, reaching $662.66. 6,366,419 shares of the company traded hands, compared to its average volume of 1,783,431. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The stock has a market cap of $184.85 billion, a PE ratio of 48.23, a price-to-earnings-growth ratio of 2.69 and a beta of 1.28. The stock has a 50-day simple moving average of $757.08 and a 200-day simple moving average of $674.34. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.29.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 23.01%. The business had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same period last year, the business earned $1.99 earnings per share. The business's revenue for the quarter was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, analysts anticipate that Intuit Inc. will post 14.09 earnings per share 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.