Roberts Capital Advisors LLC Invests $903,000 in Intuit Inc. $INTU

Key Points

• Roberts Capital Advisors LLC has acquired a new stake in Intuit Inc., purchasing 1,470 shares valued at approximately $903,000 during the first quarter.
• Several institutional investors increased their holdings in Intuit, with 83.66% of the company's stock now owned by these investors and hedge funds.
• Analysts have raised their price targets for Intuit, with Bank of America increasing their target from $730 to $875 and assigning a "buy" rating to the stock.

Roberts Capital Advisors LLC bought a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,470 shares of the software maker's stock, valued at approximately $903,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in Intuit by 1.2% during the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after acquiring an additional 36,513 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of 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 worth $1,130,718,000 after purchasing an additional 82,419 shares during the last quarter. Pinnacle Financial Partners Inc raised its stake in shares of Intuit by 3.6% during the first quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock worth $10,922,000 after purchasing an additional 623 shares during the last quarter. Capitolis Liquid Global Markets LLC acquired a new stake in shares of Intuit during the fourth quarter worth $109,988,000. Finally, Malaga Cove Capital LLC grew its position 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 during the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Price Performance

NASDAQ INTU traded down $2.2190 during mid-day trading on Wednesday, hitting $698.8110. The stock had a trading volume of 1,806,496 shares, compared to its average volume of 1,772,904. The company has a 50 day simple moving average of $761.59 and a 200 day simple moving average of $673.01. The company has a market cap of $194.93 billion, a price-to-earnings ratio of 56.72, a P/E/G ratio of 2.76 and a beta of 1.28. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. 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 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 company had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.56 billion. Intuit had a return on equity of 21.46% and a net margin of 19.07%.Intuit's revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $9.88 earnings per share. Intuit has set its Q4 2025 guidance at 2.630-2.680 EPS. FY 2025 guidance at 20.070-20.120 EPS. Equities analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on INTU. Morgan Stanley upped their price objective on shares of Intuit from $785.00 to $900.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. The Goldman Sachs Group boosted their price target 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. Piper Sandler restated an "overweight" rating and issued a $825.00 price objective (up previously from $785.00) on shares of Intuit in a research report on Friday, May 23rd. UBS Group set a $750.00 target price on Intuit and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Finally, Wells Fargo & Company set a $880.00 target price on Intuit and gave the stock an "overweight" rating in a research note on Friday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Intuit currently has a consensus rating of "Moderate Buy" and an average target price of $809.86.

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, July 10th. The stock was 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 in the company, valued at approximately $11,890,685.82. This represents a 2.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alex G. Balazs sold 882 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total value of $689,397.66. The disclosure for this sale can be found here. Insiders have sold 279,800 shares of company stock worth $209,725,054 in the last quarter. 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.