Stoneridge Investment Partners LLC reduced its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 48.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 669 shares of the software maker's stock after selling 625 shares during the period. Stoneridge Investment Partners LLC's holdings in Intuit were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Intuit by 69,701.9% in the 1st quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock valued at $17,348,790,000 after purchasing an additional 2,821,534 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Intuit during the 1st quarter valued at $882,031,000. Nicholas Hoffman & Company LLC. acquired a new stake in shares of Intuit during the 1st quarter valued at $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Intuit by 33.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker's stock valued at $1,930,765,000 after acquiring an additional 771,232 shares in the last quarter. Finally, Unisphere Establishment boosted its holdings in shares of Intuit by 50.0% during the 4th quarter. Unisphere Establishment now owns 1,500,000 shares of the software maker's stock valued at $942,750,000 after acquiring an additional 500,000 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Jefferies Financial Group set a $850.00 price objective on Intuit and gave the company a "buy" rating in a report on Friday, May 23rd. Royal Bank Of Canada reissued an "outperform" rating and issued a $850.00 price objective (up from $760.00) on shares of Intuit in a research note on Friday, May 23rd. Piper Sandler reissued an "overweight" rating and issued a $825.00 price objective (up from $785.00) on shares of Intuit in a research note on Friday, May 23rd. Oppenheimer boosted their price objective on Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Finally, KeyCorp reissued an "overweight" rating and issued a $850.00 price objective (up from $770.00) on shares of Intuit in a research note on Friday, May 23rd. One 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 given a Sell rating to the company. According to MarketBeat, Intuit has a consensus rating of "Moderate Buy" and a consensus price target of $809.86.
View Our Latest Stock Report on INTU
Intuit Trading Down 2.3%
NASDAQ:INTU opened at $701.03 on Wednesday. The company has a market cap of $195.55 billion, a P/E ratio of 56.90, a P/E/G ratio of 2.76 and a beta of 1.28. The stock's fifty day moving average price is $761.59 and its two-hundred day moving average price is $673.01. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. 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 (NASDAQ:INTU - Get Free Report) last posted its earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.89 by $0.76. The firm had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $7.56 billion. Intuit had a return on equity of 21.46% and a net margin of 19.07%.The business's quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $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. As a group, analysts expect that Intuit Inc. will post 14.09 EPS for the current year.
Insider Buying and Selling
In related news, EVP Alex G. Balazs sold 882 shares of the 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark P. Notarainni sold 1,147 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total value of $887,663.30. Following the completion of the sale, the executive vice president owned 19 shares in the company, valued at $14,704.10. This trade represents a 98.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 279,800 shares of company stock valued at $209,725,054 in the last ninety days. 2.68% of the stock is owned by insiders.
About Intuit
(
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
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