Net Worth Advisory Group Trims Stock Holdings in Intuit Inc. (NASDAQ:INTU)

11 Mar 2025, 11:18 by Scott Moore · The Cerbat Gem

Net Worth Advisory Group lowered its holdings in Intuit Inc. (NASDAQ:INTU – Free Report) by 0.7% in the fourth quarter, HoldingsChannel reports. The firm owned 3,063 shares of the software maker’s stock after selling 23 shares during the period. Intuit comprises about 0.6% of Net Worth Advisory Group’s portfolio, making the stock its 28th largest holding. Net Worth Advisory Group’s holdings in Intuit were worth $1,925,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INTU. Mesirow Financial Investment Management Inc. boosted its holdings in Intuit by 15.3% in the third quarter. Mesirow Financial Investment Management Inc. now owns 1,483 shares of the software maker’s stock valued at $922,000 after purchasing an additional 197 shares during the last quarter. Mayflower Financial Advisors LLC boosted its holdings in Intuit by 7.3% in the third quarter. Mayflower Financial Advisors LLC now owns 368 shares of the software maker’s stock valued at $229,000 after purchasing an additional 25 shares during the last quarter. Baker Avenue Asset Management LP boosted its holdings in Intuit by 6.5% in the third quarter. Baker Avenue Asset Management LP now owns 360 shares of the software maker’s stock valued at $224,000 after purchasing an additional 22 shares during the last quarter. Ashton Thomas Securities LLC boosted its holdings in Intuit by 4.1% in the third quarter. Ashton Thomas Securities LLC now owns 1,518 shares of the software maker’s stock valued at $943,000 after purchasing an additional 60 shares during the last quarter. Finally, Catalytic Wealth RIA LLC boosted its holdings in Intuit by 46.4% in the third quarter. Catalytic Wealth RIA LLC now owns 1,240 shares of the software maker’s stock valued at $770,000 after purchasing an additional 393 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Activity at Intuit

In other news, EVP Laura A. Fennell sold 4,788 shares of Intuit stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $613.62, for a total transaction of $2,938,012.56. Following the transaction, the executive vice president now directly owns 30,010 shares in the company, valued at approximately $18,414,736.20. This trade represents a 13.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott D. Cook sold 6,446 shares of Intuit stock in a transaction on Friday, February 28th. The shares were sold at an average price of $604.26, for a total value of $3,895,059.96. Following the transaction, the insider now owns 6,219,900 shares in the company, valued at approximately $3,758,436,774. This trade represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 213,111 shares of company stock worth $137,327,184 in the last three months. 2.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on INTU shares. Barclays reduced their target price on Intuit from $800.00 to $775.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Piper Sandler reaffirmed an “overweight” rating and set a $785.00 target price (up previously from $765.00) on shares of Intuit in a report on Wednesday, February 26th. Scotiabank reduced their target price on Intuit from $700.00 to $600.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. StockNews.com downgraded Intuit from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, BMO Capital Markets reduced their target price on Intuit from $760.00 to $714.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and an average target price of $721.61.

Read Our Latest Analysis on Intuit

Intuit Stock Down 4.9 %

INTU opened at $579.78 on Tuesday. Intuit Inc. has a 12 month low of $553.24 and a 12 month high of $714.78. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market cap of $162.08 billion, a P/E ratio of 56.29, a P/E/G ratio of 2.85 and a beta of 1.27. The stock’s 50 day moving average price is $601.27 and its 200 day moving average price is $624.52.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Thursday, April 10th will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, April 10th. Intuit’s dividend payout ratio is currently 38.81%.

Intuit Company Profile

(Free Report)

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.