NewEdge Advisors LLC Lowers Holdings in Intuit Inc. $INTU

NewEdge Advisors LLC reduced its stake in Intuit Inc. by 27.1% in the second quarter, selling 9,994 shares but still holding 26,904 shares worth approximately $7.0 million. Despite this, institutional investors collectively own 83.66% of Intuit, and analysts largely maintain a constructive outlook with a consensus price target of $430.97. Intuit recently reported strong quarterly results, beating EPS and revenue estimates, and increased its quarterly dividend.