Northern Trust Corp Sells 80,955 Shares of Intuit Inc. $INTU

Key Points

• Northern Trust Corp sold 80,955 shares of Intuit Inc., reducing its stake by 2.4% during the first quarter, leaving it with 3,290,058 shares valued at approximately $2.02 billion.
• Several institutional investors have recently increased their positions in Intuit, with Brighton Jones LLC boosting its holdings by 61.3%, highlighting growing investor confidence in the company.
• Wall Street analysts are optimistic about Intuit, raising price targets and issuing numerous buy ratings, with an average target price now at $809.86.

Northern Trust Corp lessened its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 2.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,290,058 shares of the software maker's stock after selling 80,955 shares during the period. Northern Trust Corp owned 1.18% of Intuit worth $2,020,063,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Invesco Ltd. raised its stake in Intuit by 1.2% in the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock valued at $1,890,282,000 after acquiring an additional 36,513 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Intuit by 4.7% in 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 during the period. Pinnacle Financial Partners Inc grew its holdings in Intuit by 3.6% in the 1st quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock valued at $10,922,000 after buying an additional 623 shares in the last quarter. Capitolis Liquid Global Markets LLC acquired a new position in Intuit in the 4th quarter valued at $109,988,000. Finally, Malaga Cove Capital LLC grew its holdings in Intuit by 110.6% in the 1st quarter. Malaga Cove Capital LLC now owns 874 shares of the software maker's stock valued at $537,000 after buying an additional 459 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Intuit Price Performance

NASDAQ:INTU traded down $35.10 during trading hours on Friday, hitting $662.66. The company's stock had a trading volume of 6,169,200 shares, compared to its average volume of 1,807,857. The stock has a fifty day simple moving average of $758.91 and a 200-day simple moving average of $673.86. The company has a market capitalization of $184.85 billion, a P/E ratio of 53.79, a PEG ratio of 2.69 and a beta of 1.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.45 and a quick ratio of 1.45. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a return on equity of 21.46% and a net margin of 19.07%.Intuit's revenue was up 20.3% compared to the same quarter last year. During the same period last year, the firm posted $1.99 earnings per share. 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 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Stifel Nicolaus decreased their price objective on Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a report on Friday. Barclays decreased their price objective on Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a report on Friday. Bank of America decreased their price objective on Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a report on Friday. UBS Group decreased their price objective on Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a report on Friday. Finally, KeyCorp reduced their target price on Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $797.62.

Insiders Place Their Bets

In other Intuit news, CAO Lauren D. Hotz sold 1,738 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $784.09, for a total value of $1,362,748.42. Following the completion of the transaction, the chief accounting officer directly owned 455 shares in the company, valued at approximately $356,760.95. This trade represents a 79.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sandeep Aujla sold 2,591 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $782.22, for a total value of $2,026,732.02. Following the completion of the transaction, the chief financial officer owned 768 shares of the company's stock, valued at $600,744.96. This represents a 77.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 279,800 shares of company stock valued at $209,725,054 over the last ninety days. 2.68% of the stock is owned by insiders.

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.