Quantitative Investment Management LLC Invests $1.26 Million in Intuit Inc. $INTU

Key Points

• Quantitative Investment Management LLC invested approximately $1.26 million in 2,050 shares of Intuit Inc. during the first quarter, highlighting growing institutional interest in the company.
• Wall Street analysts have increased price targets for Intuit, with BMO Capital Markets raising its objective from $820 to $870, indicating a favorable outlook for the stock.
• Recent insider transactions featured notable sales by key executives, including Scott D. Cook selling over 72,000 shares, suggesting potential shifts in insider confidence regarding the stock's future performance.

Quantitative Investment Management LLC purchased a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,050 shares of the software maker's stock, valued at approximately $1,258,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. boosted its position in Intuit by 1.2% during the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock valued at $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 first 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 purchasing an additional 82,419 shares in the last quarter. Pinnacle Financial Partners Inc boosted its position in Intuit by 3.6% during the first quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock valued at $10,922,000 after purchasing an additional 623 shares in the last quarter. Capitolis Liquid Global Markets LLC bought a new stake in Intuit during the fourth quarter valued at about $109,988,000. Finally, Malaga Cove Capital LLC boosted its position in Intuit by 110.6% during the first quarter. Malaga Cove Capital LLC now owns 874 shares of the software maker's stock valued at $537,000 after purchasing an additional 459 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on INTU shares. BMO Capital Markets raised their price objective on Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. CLSA started coverage on Intuit in a research report on Thursday, June 26th. They set an "outperform" rating and a $900.00 price objective on the stock. The Goldman Sachs Group raised their price objective on Intuit from $750.00 to $860.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Morgan Stanley dropped their price objective on Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, Bank of America decreased their price target on Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Intuit presently has a consensus rating of "Moderate Buy" and an average target price of $797.62.

Insider Transactions at Intuit

In other news, insider Scott D. Cook sold 72,442 shares of the firm's stock in a transaction dated 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 directly owned 6,063,495 shares in the company, valued at $4,494,808,208.55. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sandeep Aujla sold 16,061 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 197 shares of the company's stock, valued at approximately $143,047.61. The trade was a 98.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 279,800 shares of company stock valued at $209,725,054. 2.68% of the stock is owned by company insiders.

Intuit Trading Down 5.0%

Intuit stock opened at $662.66 on Monday. The stock has a 50-day moving average of $757.08 and a two-hundred day moving average of $675.53. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.45 and a current ratio of 1.36. Intuit Inc. has a one year low of $532.65 and a one year 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 2.55 and a beta of 1.28.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company 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 posted $1.99 earnings per share. The firm's 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. On average, research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

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.

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