Intuit Inc. $INTU Shares Sold by Thematics Asset Management

Thematics Asset Management lowered its position in Intuit Inc. (NASDAQ:INTU) by 4.6% during the first quarter, Holdings Channel.com reports. The fund owned 10,412 shares of the software maker’s stock after selling 498 shares during the quarter. Thematics Asset Management’s holdings in Intuit were worth $6,393,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Apexium Financial LP lifted its stake in shares of Intuit by 98.5% during the first quarter. Apexium Financial LP now owns 784 shares of the software maker’s stock worth $481,000 after purchasing an additional 389 shares in the last quarter. ICONIQ Capital LLC lifted its stake in shares of Intuit by 21.0% during the first quarter. ICONIQ Capital LLC now owns 2,010 shares of the software maker’s stock worth $1,234,000 after purchasing an additional 349 shares in the last quarter. Quantitative Investment Management LLC acquired a new position in shares of Intuit during the first quarter worth about $1,258,000. APG Asset Management N.V. lifted its stake in shares of Intuit by 2.4% during the first quarter. APG Asset Management N.V. now owns 294,429 shares of the software maker’s stock worth $167,355,000 after purchasing an additional 7,030 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Intuit by 12.3% during the first quarter. Smartleaf Asset Management LLC now owns 3,972 shares of the software maker’s stock worth $2,379,000 after purchasing an additional 434 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Activity at Intuit

In other news, EVP Mark P. Notarainni sold 1,147 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total transaction of $887,663.30. Following the completion of the sale, the executive vice president owned 19 shares in the company, valued at approximately $14,704.10. This represents a 98.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on 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 of the company’s stock, valued at $11,890,685.82. This trade represents 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 owned by corporate insiders.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $662.66 on Friday. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The stock has a fifty day moving average of $757.08 and a 200-day moving average of $674.94. The company has a market capitalization of $184.85 billion, a PE ratio of 48.23, a price-to-earnings-growth ratio of 2.55 and a beta of 1.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.45 and a current ratio of 1.45.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating 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 company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the firm earned $1.99 EPS. The company’s quarterly revenue 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, equities analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on INTU. Bank of America reduced their price objective on Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday. Zacks Research cut Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a research note on Tuesday, April 29th. Oppenheimer boosted their price objective on Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Finally, Susquehanna reaffirmed a “positive” rating on shares of Intuit in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $797.62.

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.