T. Rowe Price Investment Management Inc. Has $859.82 Million Position in Intuit Inc. $INTU

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in Intuit Inc. by 22.4%, owning 1,400,377 shares valued at approximately $859.82 million.
• Intuit reported $11.65 earnings per share (EPS) for the last quarter, exceeding analysts' expectations, with revenue of $7.75 billion—a 15.1% increase from the prior year.
• A number of brokerages have raised their price targets for Intuit, with Oppenheimer setting it at $868.00, reflecting strong analyst sentiment towards the company's stock.

T. Rowe Price Investment Management Inc. lessened its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 22.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,400,377 shares of the software maker's stock after selling 404,099 shares during the period. T. Rowe Price Investment Management Inc. owned 0.50% of Intuit worth $859,818,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Copia Wealth Management acquired a new position in shares of Intuit during the 4th quarter valued at $25,000. Heck Capital Advisors LLC acquired a new position in shares of Intuit during the 4th quarter valued at $28,000. Olde Wealth Management LLC acquired a new position in shares of Intuit during the 1st quarter valued at $37,000. Atlantic Edge Private Wealth Management LLC lifted its position in shares of Intuit by 523.1% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 81 shares of the software maker's stock valued at $50,000 after acquiring an additional 68 shares during the period. Finally, Hughes Financial Services LLC acquired a new position in shares of Intuit during the 1st quarter valued at $50,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Stock Performance

NASDAQ INTU opened at $701.03 on Wednesday. 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. The firm has a market cap of $195.55 billion, a price-to-earnings ratio of 56.90, a PEG ratio of 2.76 and a beta of 1.28. The company has a fifty day moving average price of $761.59 and a 200-day moving average price of $673.01.

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. Intuit had a net margin of 19.07% and a return on equity of 21.46%. The firm had revenue of $7.75 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the prior year, the business posted $9.88 EPS. The business's revenue was up 15.1% compared to the same quarter last year. 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, equities research analysts predict 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. Oppenheimer boosted their price target on shares of Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. boosted their price target on shares of Intuit from $660.00 to $770.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Royal Bank Of Canada restated an "outperform" rating and set a $850.00 price target (up previously from $760.00) on shares of Intuit in a research note on Friday, May 23rd. UBS Group set a $750.00 price target on shares of Intuit and gave the company a "neutral" rating in a research note on Friday, May 23rd. Finally, Hsbc Global Res upgraded shares of Intuit from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Intuit has a consensus rating of "Moderate Buy" and an average price target of $809.86.

Insider Buying and Selling

In related news, EVP Laura A. Fennell sold 25,648 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $752.25, for a total value of $19,293,708.00. Following the transaction, the executive vice president directly owned 22,796 shares of the company's stock, valued at approximately $17,148,291. The trade was a 52.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kerry J. Mclean sold 16,700 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $729.16, for a total transaction of $12,176,972.00. Following the completion of the transaction, the executive vice president directly owned 23,101 shares in the company, valued at $16,844,325.16. This trade represents a 41.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 279,800 shares of company stock worth $209,725,054 in the last ninety days. Corporate 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.

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