6. Intuit Inc. (NASDAQ:INTU)
Number of Hedge Fund Holders as of Q4: 89
Lone Pine Capital’s Equity Stake: $727.02 Million
A global leader in financial software solutions, Intuit Inc. (NASDAQ:INTU) is headquartered in Mountain View, California, and led by CEO Sasan Goodarzi. The company’s stock surged 5% following its fiscal Q2 2025 earnings report, which exceeded Wall Street expectations across all key metrics. The company, known for products like TurboTax, QuickBooks, and Credit Karma, posted earnings per share (EPS) of $3.32, surpassing analyst estimates of $2.58. Its revenue reached $3.96 billion, beating projections of $3.83 billion and reflecting a 17% year-over-year increase. Management highlighted the company’s growing use of artificial intelligence (AI) to enhance customer experience and efficiency, with CFO Sandeep Aujla expressing confidence in delivering double-digit revenue growth and improved margins for the year. Additionally, the company’s board approved a quarterly dividend of $1.04 per share, a 16% increase from the previous year, payable on April 18, 2025.
For fiscal year 2025, Intuit Inc. (NASDAQ:INTU) reaffirmed its optimistic outlook, expecting revenue between $18.16 billion and $18.35 billion, reflecting 12-13% growth. The company’s operating income is projected to grow 28-30%, while its diluted EPS is forecasted at $19.16 to $19.36, a 13-14% increase. It also provided guidance for Q3 2025, expecting revenue between $7.55 billion and $7.60 billion, with EPS ranging from $10.89 to $10.95. These strong forecasts reinforce the company’s continued growth trajectory, fueled by its AI-driven platform and strategic focus on financial technology innovation.
As of Q4 2024, Lone Pine Capital significantly increased its holdings in Intuit Inc. (NASDAQ:INTU) to over 1.15 million shares, marking a 26% rise from 921,361 shares in Q3. The fund’s stake in the company is now valued at approximately $727 million. Insider Monkey’s database indicated that 89 hedge funds held stakes in the company at the end of Q4 2024, with a value of nearly $11.28 billion, as opposed to 87 funds in Q3.
