Watchman Group Inc. Decreases Stock Position in Intuit Inc. $INTU

Key Points

• Watchman Group Inc. has reduced its stake in Intuit Inc. by 12.4%, now holding 6,836 shares valued at approximately $4,197,000.
• Several analysts have recently increased their price targets for Intuit, with Goldman Sachs raising it from $750 to $860 and many others reflecting a consensus target price of $806.27.
• Intuit reported a strong earnings result with $11.65 earnings per share, beating estimates and reflecting a 15.1% year-over-year revenue increase, amounting to $7.75 billion.

Watchman Group Inc. lowered its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 12.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,836 shares of the software maker's stock after selling 968 shares during the quarter. Intuit makes up approximately 1.2% of Watchman Group Inc.'s portfolio, making the stock its 21st largest holding. Watchman Group Inc.'s holdings in Intuit were worth $4,197,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in INTU. GAMMA Investing LLC raised its holdings in 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 buying an additional 2,821,534 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Intuit in the 1st quarter worth $882,031,000. Nicholas Hoffman & Company LLC. purchased a new stake in Intuit in the 1st quarter worth approximately $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Intuit by 33.5% in the fourth 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 acquiring an additional 771,232 shares during the period. Finally, Unisphere Establishment boosted its position in shares of Intuit by 50.0% during the fourth quarter. Unisphere Establishment now owns 1,500,000 shares of the software maker's stock worth $942,750,000 after acquiring an additional 500,000 shares during the last quarter. Institutional investors own 83.66% of the company's stock.

Intuit Stock Down 2.3%

Intuit stock traded down $16.27 during midday trading on Tuesday, reaching $700.94. The company's stock had a trading volume of 2,499,569 shares, compared to its average volume of 1,768,814. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The company has a market cap of $195.53 billion, a P/E ratio of 56.89, a P/E/G ratio of 2.76 and a beta of 1.28. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.29. The business has a 50-day simple moving average of $762.81 and a 200-day simple moving average of $672.81.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 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 analyst estimates of $7.56 billion. Intuit had a net margin of 19.07% and a return on equity of 21.46%. Intuit's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period last year, the business earned $9.88 EPS. Intuit has set its Q4 2025 guidance at 2.630-2.680 EPS. FY 2025 guidance at 20.070-20.120 EPS. On average, research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Laura A. Fennell sold 25,648 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $752.25, for a total value of $19,293,708.00. Following the completion of the transaction, the executive vice president directly owned 22,796 shares of the company's stock, valued at $17,148,291. This trade represents a 52.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $11,662,373.93. Following the transaction, the chief financial officer owned 197 shares of the company's stock, valued at $143,047.61. This trade represents a 98.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 279,800 shares of company stock worth $209,725,054. 2.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

INTU has been the subject of a number of analyst reports. Evercore ISI raised their price target on Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Susquehanna reissued a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. UBS Group set a $750.00 target price on Intuit and gave the company a "neutral" rating in a research report on Friday, May 23rd. The Goldman Sachs Group raised their target price on shares of Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $850.00 price target (up from $760.00) on shares of Intuit in a report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Intuit currently has a consensus rating of "Moderate Buy" and a consensus target price of $809.86.

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.