FTSE 100: Index falls as earnings results weigh; pound below $1.33, Bodycote soars
Laura Fennell, Executive Vice President of People and Places at Intuit Inc. (NASDAQ:INTU), recently sold a significant portion of her holdings in the company. According to a filing with the Securities and Exchange Commission, Fennell sold 8,163 shares of Intuit common stock on March 24, 2025. The shares were sold at an average price of $612.455, amounting to a total transaction value of approximately $4.99 million. The transaction occurred near the stock’s current trading price of $618.72, with the company commanding a substantial market capitalization of $172.7 billion.
Following this sale, Fennell retains ownership of 21,881.9046 shares directly. Additionally, she holds 11,695 shares indirectly through the Laura A. Fennell Trust, where she serves as trustee. Notably, the direct ownership figure includes 35.288 shares acquired through Intuit’s Employee Stock Purchase Plan on March 15, 2025. InvestingPro data shows Intuit maintains impressive gross profit margins of nearly 80% and has achieved revenue growth of ~14% over the last twelve months.
This transaction highlights a substantial divestment by a key executive at Intuit, a company known for its financial software solutions. Investors may view such insider activities as an important indicator of a company’s current standing and future prospects. According to InvestingPro, Intuit maintains a "GREAT" financial health score, though it trades at a relatively high P/E ratio of 56.6. For deeper insights into Intuit’s valuation and prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
In other recent news, Intuit Inc. has shown strong financial performance, with several firms maintaining or adjusting their ratings and price targets. Mizuho (NYSE:MFG) Securities reiterated its Outperform rating for Intuit and raised the price target to $765, highlighting the company’s commitment to double-digit revenue growth and the strategic significance of its AI-powered platform. KeyBanc Capital Markets maintained an Overweight rating with a $770 price target, noting a slight increase in Average Revenue Per Transaction (JO:NTUJ) (ARPT) growth for Intuit’s TurboTax product line. This growth is expected to contribute to continued consumer group revenue growth.
Scotiabank (TSX:BNS) adjusted its price target for Intuit to $600 from $700, maintaining a Sector Perform rating despite Intuit’s robust earnings that exceeded expectations. The company’s Consumer Group revenue outperformed forecasts, aided by strong TurboTax unit sales and enhanced customer engagement. Stifel analysts maintained a Buy rating with a $725 price target, citing a 30% increase in online services revenue from Payments/Payroll and strong performance from Credit Karma.
Analysts from these firms have expressed confidence in Intuit’s strategic initiatives and potential for future growth. The company’s effective use of artificial intelligence has led to significant efficiencies, supporting earnings per share that exceeded projections. These developments have reinforced a positive outlook on Intuit’s financial prospects as it continues to expand its market presence and leverage its technological investments.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.