Martingale Asset Management L P Trims Stock Holdings in Intuit Inc. $INTU

Key Points

• Martingale Asset Management L P has decreased its holdings in Intuit Inc. by 7.3%, now owning 50,557 shares valued at approximately $31 million.
• Several institutional investors are actively changing their positions in Intuit, with Atlantic Edge Private Wealth Management LLC increasing its stake by 523.1% in the 1st quarter.
• Intuit's stock has received positive ratings by various analysts, with BMO Capital Markets raising its price target to $870.00 and JPMorgan Chase & Co. to $770.00.

Martingale Asset Management L P lowered its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 7.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 50,557 shares of the software maker's stock after selling 3,953 shares during the quarter. Intuit accounts for about 0.8% of Martingale Asset Management L P's portfolio, making the stock its 26th biggest holding. Martingale Asset Management L P's holdings in Intuit were worth $31,041,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Accredited Wealth Management LLC acquired a new stake in Intuit in the 1st quarter valued at $51,000. Osterweis Capital Management Inc. grew its stake in Intuit by 0.4% in the 1st quarter. Osterweis Capital Management Inc. now owns 43,151 shares of the software maker's stock valued at $26,494,000 after acquiring an additional 174 shares during the period. EntryPoint Capital LLC acquired a new stake in Intuit in the 1st quarter valued at $586,000. ZEGA Investments LLC grew its stake in Intuit by 84.3% in the 1st quarter. ZEGA Investments LLC now owns 2,811 shares of the software maker's stock valued at $1,726,000 after acquiring an additional 1,286 shares during the period. Finally, Decatur Capital Management Inc. grew its stake in Intuit by 0.3% in the 1st quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker's stock valued at $3,069,000 after acquiring an additional 16 shares during the period. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Buying and Selling at Intuit

In other news, EVP Kerry J. Mclean sold 16,700 shares of Intuit stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $729.16, for a total transaction of $12,176,972.00. Following the transaction, the executive vice president owned 23,101 shares in the company, valued at $16,844,325.16. The trade was a 41.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sandeep Aujla sold 16,061 shares of Intuit stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $726.13, for a total value of $11,662,373.93. Following the transaction, the chief financial officer owned 197 shares in the company, valued at approximately $143,047.61. This represents a 98.79% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 279,800 shares of company stock worth $209,725,054. Corporate insiders own 2.68% of the company's stock.

Intuit Trading Down 5.0%

Shares of NASDAQ INTU traded down $35.10 during trading on Friday, hitting $662.66. 6,366,419 shares of the company were exchanged, compared to its average volume of 1,783,431. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. 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 company has a fifty day moving average price of $757.08 and a 200-day moving average price of $674.94. The firm has a market capitalization of $184.85 billion, a PE ratio of 48.23, a P/E/G ratio of 2.55 and a beta of 1.28.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 23.01% and a net margin of 20.55%.The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the firm earned $1.99 EPS. The company's quarterly revenue was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. As a group, equities research analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on INTU shares. Morgan Stanley dropped their price target on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a research note on Friday. Bank of America lowered their target price on shares of Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a research note on Friday. JPMorgan Chase & Co. lowered their target price on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research note on Friday. The Goldman Sachs Group lifted their target price on shares of Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Finally, UBS Group lowered their target price on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Intuit currently has an average rating of "Moderate Buy" and a consensus target price of $797.62.

About Intuit

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.