Vestmark Advisory Solutions Inc. Sells 3,029 Shares of Intuit Inc. $INTU

Key Points

• Vestmark Advisory Solutions Inc. has reduced its stake in Intuit Inc. by 40.9%, now holding 4,380 shares valued at approximately $2.69 million as of the end of the first quarter.
• Several institutional investors, including Vanguard Group and Brown Advisory, have increased their stakes in Intuit, indicating ongoing institutional support for the company despite the sell-off from Vestmark.
• Intuit reported earnings of $11.65 per share for the last quarter, surpassing analyst expectations and reflecting a 15.1% year-over-year increase in revenue.

Vestmark Advisory Solutions Inc. trimmed its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 40.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,380 shares of the software maker's stock after selling 3,029 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Intuit were worth $2,689,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in INTU. GAMMA Investing LLC increased its holdings in Intuit by 69,701.9% in the 1st quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock worth $17,348,790,000 after purchasing an additional 2,821,534 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Intuit during the first quarter worth $882,031,000. Nicholas Hoffman & Company LLC. acquired a new position in shares of Intuit in the 1st quarter valued at about $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 worth $1,930,765,000 after buying an additional 771,232 shares during the period. Finally, Unisphere Establishment increased its stake in Intuit by 50.0% in the fourth quarter. Unisphere Establishment now owns 1,500,000 shares of the software maker's stock valued at $942,750,000 after purchasing an additional 500,000 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus boosted their target price on Intuit from $725.00 to $850.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Piper Sandler reaffirmed an "overweight" rating and set a $825.00 price objective (up from $785.00) on shares of Intuit in a report on Friday, May 23rd. Hsbc Global Res raised shares of Intuit from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Evercore ISI lifted their price objective on shares of Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Finally, Bank of America increased their target price on shares of Intuit from $730.00 to $875.00 and gave the company a "buy" rating in a report on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $809.86.

Intuit Stock Performance

Shares of NASDAQ INTU traded down $1.7180 during midday trading on Wednesday, hitting $699.3120. 1,412,161 shares of the stock traded hands, compared to its average volume of 1,771,296. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The firm has a 50-day moving average of $761.59 and a two-hundred day moving average of $673.01. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market capitalization of $195.07 billion, a P/E ratio of 56.77, a PEG ratio of 2.76 and a beta of 1.28.

Intuit (NASDAQ:INTU - Get Free Report) last released 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 the consensus estimate of $7.56 billion. Intuit had a return on equity of 21.46% and a net margin of 19.07%.Intuit's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business 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. On average, equities analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Scott D. Cook sold 72,442 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $741.29, for a total value of $53,700,530.18. Following the completion of the transaction, the insider owned 6,063,495 shares of the company's stock, valued at approximately $4,494,808,208.55. This represents a 1.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Sandeep Aujla sold 16,061 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $726.13, for a total value of $11,662,373.93. Following the sale, the chief financial officer directly owned 197 shares in the company, valued at approximately $143,047.61. This represents a 98.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 279,800 shares of company stock valued at $209,725,054. 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.