Several institutional investors adjusted their positions in Intuit (INTU) during the first quarter of 2025.
Gulf International Bank UK Ltd decreased its stake by 26.0%, while TIAA Trust National Association reduced its holdings by 21.3%.
Public Sector Pension Investment Board cut its position by 25.7%.
Other firms like Copia Wealth Management, Heck Capital Advisors, and Olde Wealth Management initiated new positions, while Atlantic Edge Private Wealth Management LLC significantly increased its holdings.
Wall Street analysts have a "Moderate Buy" consensus rating on Intuit, with an average price target of $806.27. Firms like Evercore ISI and Barclays increased their price targets to $785.00 and $815.00, respectively.
Intuit reported strong quarterly earnings with an EPS of $11.65, surpassing estimates, and revenue of $7.75 billion, a 15.1% year-over-year increase.
Recent insider trading activity includes sales by CFO Sandeep Aujla, EVP Alex G. Balazs, EVP Laura A. Fennell, EVP Kerry J. Mclean, and insider Scott D. Cook.
Institutional Investor Activity:
Several institutional investors have recently adjusted their positions in Intuit (INTU). Gulf International Bank UK Ltd reduced its stake by 26.0%, owning 16,077 shares valued at $9.87 million. TIAA Trust National Association decreased its holdings by 21.3%, ending with 13,261 shares worth $8.14 million. Public Sector Pension Investment Board cut its position by 25.7%, holding 43,428 shares valued at $26.66 million.
Conversely, other firms have increased their positions or initiated new ones. Copia Wealth Management, Heck Capital Advisors LLC, and Olde Wealth Management LLC established new stakes in Intuit. Atlantic Edge Private Wealth Management LLC significantly boosted its holdings by 523.1%. UNIVEST FINANCIAL Corp and Commerce Bank also increased their positions.
Analyst Ratings:
Wall Street analysts are generally optimistic about Intuit's future. The consensus rating for the stock is "Moderate Buy," with an average price target of $806.27. Several firms have reiterated or increased their price targets. For example, Evercore ISI lifted its target to $785.00, and Barclays set a price target of $815.00. HSBC Global Res upgraded Intuit from "hold" to "strong-buy."
Earnings and Financial Performance:
Intuit reported strong quarterly earnings, with an EPS of $11.65, exceeding analyst estimates of $10.89. The company's revenue for the quarter was $7.75 billion, representing a 15.1% increase year-over-year. Intuit's net margin is 19.07%, and its return on equity is 21.46%.
Insider Trading:
Several insiders have recently sold shares of Intuit stock. CFO Sandeep Aujla sold 2,591 shares, EVP Alex G. Balazs sold 882 shares, EVP Laura A. Fennell sold 25,648 shares, EVP Kerry J. Mclean sold 16,700 shares and insider Scott D. Cook sold 72,442 shares.
Q: What was Gulf International Bank UK Ltd's change in holdings of Intuit?
Gulf International Bank UK Ltd reduced its stake in Intuit by 26.0% during the first quarter.
Q: What is the consensus rating for Intuit among Wall Street analysts?
Intuit currently has a consensus rating of "Moderate Buy".
Q: What was Intuit's revenue for the most recent quarter?
Intuit's revenue for the quarter was $7.75 billion, up 15.1% year-over-year.
Institutional investor activity indicates mixed sentiment, with some firms reducing their holdings while others increase their stakes.
Analyst ratings suggest a positive outlook on Intuit, with a "Moderate Buy" consensus and an average price target of $806.27.
Intuit's strong earnings and revenue growth demonstrate solid financial performance.
Recent insider sales may warrant monitoring, but overall, the company appears to be in a healthy financial position.
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