Intuit Inc. $INTU Position Cut by Liontrust Investment Partners LLP

Key Points

• Liontrust Investment Partners LLP has reduced its stake in Intuit Inc. by 20.5%, selling 51,855 shares and now holds approximately 201,072 shares valued at $123.46 million.
• Several analysts have set new price targets for Intuit, with Oppenheimer raising theirs to $868.00 and multiple firms assigning buy ratings, leading to a consensus rating of "Moderate Buy" for the stock.
• Insider sales include a significant transaction where Scott D. Cook sold 72,442 shares for over $53 million, indicating active trading among company executives.

Liontrust Investment Partners LLP decreased its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 20.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 201,072 shares of the software maker's stock after selling 51,855 shares during the quarter. Intuit makes up about 1.9% of Liontrust Investment Partners LLP's portfolio, making the stock its 16th biggest holding. Liontrust Investment Partners LLP owned approximately 0.07% of Intuit worth $123,456,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Management Professionals Inc. increased its holdings in Intuit by 18.4% in the 1st quarter. Financial Management Professionals Inc. now owns 116 shares of the software maker's stock valued at $71,000 after purchasing an additional 18 shares during the last quarter. Chris Bulman Inc raised its holdings in shares of Intuit by 1.2% in the 1st quarter. Chris Bulman Inc now owns 1,523 shares of the software maker's stock valued at $935,000 after buying an additional 18 shares during the period. Kolinsky Wealth Management LLC lifted its stake in Intuit by 1.6% during the 4th quarter. Kolinsky Wealth Management LLC now owns 1,192 shares of the software maker's stock worth $749,000 after acquiring an additional 19 shares in the last quarter. Norden Group LLC grew its holdings in shares of Intuit by 1.2% in the first quarter. Norden Group LLC now owns 1,663 shares of the software maker's stock valued at $1,021,000 after purchasing an additional 19 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of Intuit by 2.6% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 791 shares of the software maker's stock worth $486,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Trading Down 2.3%

NASDAQ:INTU traded down $16.27 on Tuesday, hitting $700.94. 2,499,569 shares of the stock were exchanged, compared to its average volume of 1,768,814. The stock has a fifty day moving average of $762.81 and a 200-day moving average of $672.81. The stock has a market cap of $195.53 billion, a PE ratio of 56.89, a PEG ratio of 2.76 and a beta of 1.28. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.29.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results 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 business 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 business's quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $9.88 EPS. 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, equities analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

INTU has been the topic of a number of recent research reports. KeyCorp restated an "overweight" rating and set a $850.00 target price (up from $770.00) on shares of Intuit in a research note on Friday, May 23rd. CLSA began coverage on Intuit in a report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price objective for the company. Stifel Nicolaus increased their price objective on Intuit from $725.00 to $850.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Morgan Stanley increased their price target on shares of Intuit from $785.00 to $900.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Finally, BMO Capital Markets raised their target price on Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $809.86.

Insider Activity at Intuit

In other news, EVP Marianna Tessel sold 34,329 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $760.84, for a total value of $26,118,876.36. Following the sale, the executive vice president owned 40,767 shares in the company, valued at approximately $31,017,164.28. This represents a 45.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Scott D. Cook sold 72,442 shares of Intuit stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $741.29, for a total value of $53,700,530.18. Following the completion of the transaction, the insider owned 6,063,495 shares of the company's stock, valued at approximately $4,494,808,208.55. The trade was a 1.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 279,800 shares of company stock worth $209,725,054 over the last 90 days. Company insiders own 2.68% of the company's stock.

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.