Van Lanschot Kempen Investment Management N.V. Lowers Position in Intuit Inc. $INTU

Key Points

• Van Lanschot Kempen Investment Management N.V. reduced its stake in Intuit Inc. by 75.9%, owning only 382 shares valued at $235,000 after selling 1,201 shares in the first quarter.
• Multiple analysts, including Piper Sandler and Stifel Nicolaus, have recently upgraded their ratings on Intuit, with price targets now reaching as high as $850.00.
• Intuit reported a quarterly earnings per share (EPS) of $11.65, exceeding analysts' expectations, and posted a revenue of $7.75 billion, up 15.1% year-over-year.

Van Lanschot Kempen Investment Management N.V. cut its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 75.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 382 shares of the software maker's stock after selling 1,201 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Intuit were worth $235,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of INTU. GAMMA Investing LLC lifted its position in shares of Intuit by 69,701.9% during 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 acquiring an additional 2,821,534 shares during the period. Nuveen LLC bought a new stake in shares of Intuit during the 1st quarter valued at $882,031,000. Nicholas Hoffman & Company LLC. bought 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 lifted its position 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 during the period. Finally, Unisphere Establishment lifted its position 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 during the period. 83.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Evercore ISI upped their target price on Intuit from $685.00 to $785.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. UBS Group cut their target price on Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research report on Friday. CLSA started coverage on Intuit in a report on Thursday, June 26th. They set an "outperform" rating and a $900.00 price target for the company. Wells Fargo & Company set a $880.00 price target on Intuit and gave the stock an "overweight" rating in a report on Friday, June 13th. Finally, The Goldman Sachs Group boosted their price target on Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a report on Monday, May 19th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $797.62.

Intuit Price Performance

INTU traded down $35.10 on Friday, reaching $662.66. The stock had a trading volume of 6,366,419 shares, compared to its average volume of 1,783,431. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The firm has a 50-day moving average of $757.08 and a 200-day moving average of $674.94. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $184.85 billion, a price-to-earnings 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 issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 23.01% and a net margin of 20.55%.The business had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter in the prior year, the firm earned $1.99 EPS. The business's revenue for the quarter 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. As a group, sell-side analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Insider Transactions at Intuit

In other Intuit news, CFO Sandeep Aujla sold 2,591 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $782.22, for a total value of $2,026,732.02. Following the sale, the chief financial officer owned 768 shares in the company, valued at approximately $600,744.96. The trade was a 77.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard L. Dalzell sold 333 shares of the company's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $768.43, for a total value of $255,887.19. Following the sale, the director owned 15,474 shares in the company, valued at approximately $11,890,685.82. The trade was a 2.11% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 279,800 shares of company stock worth $209,725,054. 2.68% of the stock is currently owned by insiders.

About Intuit

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.