2,311 Intuit Inc. $INTU Shares Sold by Liberty Capital Management Inc.

Liberty Capital Management Inc. lowered its position in Intuit Inc. (NASDAQ:INTU) by 10.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 18,798 shares of the software maker’s stock after selling 2,311 shares during the period. Liberty Capital Management Inc.’s holdings in Intuit were worth $5,183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTU. Alta Advisers Ltd lifted its stake in shares of Intuit by 85.4% in the third quarter. Alta Advisers Ltd now owns 2,017 shares of the software maker’s stock worth $556,000 after buying an additional 929 shares in the last quarter. Westside Investment Management Inc. grew its stake in Intuit by 57.1% during the 3rd quarter. Westside Investment Management Inc. now owns 7,989 shares of the software maker’s stock valued at $2,203,000 after acquiring an additional 2,903 shares in the last quarter. Monte Financial Group LLC grew its stake in Intuit by 27.6% during the 3rd quarter. Monte Financial Group LLC now owns 20,379 shares of the software maker’s stock valued at $5,619,000 after acquiring an additional 4,403 shares in the last quarter. Kestra Advisory Services LLC grew its stake in Intuit by 23.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 11,463 shares of the software maker’s stock valued at $3,160,000 after acquiring an additional 2,166 shares in the last quarter. Finally, Inscription Capital LLC raised its holdings in Intuit by 12.9% in the 3rd quarter. Inscription Capital LLC now owns 2,959 shares of the software maker’s stock valued at $816,000 after acquiring an additional 339 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

In other Intuit news, CAO Lauren Hotz sold 907 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the sale, the chief accounting officer owned 1,628 shares of the company’s stock, valued at $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Dalzell sold 285 shares of Intuit stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the sale, the director owned 11,531 shares in the company, valued at $3,751,726.16. This represents a 2.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is owned by company insiders.

Intuit Trading Down 0.5%

Shares of INTU opened at $354.84 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $682.27. The firm has a 50-day moving average price of $318.74 and a 200 day moving average price of $358.07. The firm has a market capitalization of $94.83 billion, a P/E ratio of 21.51, a P/E/G ratio of 1.18 and a beta of 0.91.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period last year, the business earned $2.75 earnings per share. Intuit’s revenue was up 13.7% compared to the same quarter last year. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Sell-side analysts forecast that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 8th were given a $1.38 dividend. The ex-dividend date was Thursday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a yield of 1.6%. Intuit’s dividend payout ratio (DPR) is currently 33.45%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on INTU. TD Cowen reissued a “hold” rating and issued a $346.00 target price on shares of Intuit in a research note on Friday, September 18th. Wolfe Research cut Intuit from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 26th. UBS Group restated a “neutral” rating on shares of Intuit in a research report on Friday, September 18th. Wells Fargo & Company cut their price target on Intuit from $360.00 to $300.00 and set an “equal weight” rating for the company in a report on Wednesday, August 26th. Finally, The Goldman Sachs Group reiterated a “sell” rating on shares of Intuit in a research report on Thursday, September 24th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $431.55.

Intuit Company Profile

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company’s principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.