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Intuit Inc. $INTU Stake Boosted by Steward Partners Investment Advisory LLC

Intuit logo with Computer and Technology background

Key Points

  • Steward Partners Investment Advisory LLC increased its investment in Intuit Inc. by 2.4% during Q1, owning 15,843 shares valued at approximately $9.73 million.
  • Several large investors have significantly increased their stakes in Intuit, with Brighton Jones LLC raising its position by 61.3% and Revolve Wealth Partners LLC by 145.6% in the fourth quarter.
  • Intuit's most recent quarterly earnings exceeded expectations, reporting $11.65 earnings per share and revenue of $7.75 billion, marking a 15.1% year-over-year increase.
  • Looking to export and analyze Intuit data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Steward Partners Investment Advisory LLC grew its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 2.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 15,843 shares of the software maker's stock after buying an additional 365 shares during the period. Steward Partners Investment Advisory LLC's holdings in Intuit were worth $9,728,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in INTU. Copia Wealth Management acquired a new stake in Intuit during the 4th quarter worth approximately $25,000. Heck Capital Advisors LLC purchased a new position in Intuit during the fourth quarter worth about $28,000. Olde Wealth Management LLC purchased a new position in Intuit during the first quarter worth about $37,000. Atlantic Edge Private Wealth Management LLC raised its holdings in Intuit by 523.1% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 81 shares of the software maker's stock worth $50,000 after purchasing an additional 68 shares in the last quarter. Finally, Hughes Financial Services LLC purchased a new position in Intuit during the first quarter worth about $50,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. BMO Capital Markets increased their target price on shares of Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. CLSA started coverage on shares of Intuit in a research note on Thursday, June 26th. They issued an "outperform" rating and a $900.00 target price for the company. Royal Bank Of Canada restated an "outperform" rating and set a $850.00 target price on shares of Intuit in a research report on Friday. Barclays decreased their price target on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a report on Friday. Finally, Wells Fargo & Company set a $880.00 price target on shares of Intuit and gave the company an "overweight" rating in a report on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $797.62.

Read Our Latest Stock Report on INTU

Insiders Place Their Bets

In other news, EVP Alex G. Balazs sold 882 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total transaction of $689,397.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mark P. Notarainni sold 1,147 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total transaction of $887,663.30. Following the sale, the executive vice president owned 19 shares in the company, valued at $14,704.10. This represents a 98.37% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 279,800 shares of company stock worth $209,725,054. Company insiders own 2.68% of the company's stock.

Intuit Price Performance

Shares of NASDAQ:INTU traded down $35.21 during trading on Friday, reaching $662.55. The company had a trading volume of 6,156,087 shares, compared to its average volume of 1,802,816. The firm's fifty day moving average is $758.91 and its 200 day moving average is $673.86. The firm has a market capitalization of $184.82 billion, a PE ratio of 53.78, a price-to-earnings-growth ratio of 2.69 and a beta of 1.28. Intuit Inc. has a twelve month low of $532.65 and a twelve 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.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. Intuit had a net margin of 19.07% and a return on equity of 21.46%. The business's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, equities analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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