4,047 Intuit Inc. $INTU Shares Sold by Cohen Capital Management Inc.

Cohen Capital Management Inc. decreased its position in shares of Intuit Inc. (NASDAQ:INTU) by 44.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,117 shares of the software maker’s stock after selling 4,047 shares during the quarter. Cohen Capital Management Inc.’s holdings in Intuit were worth $1,411,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in INTU. Salem Investment Counselors Inc. lifted its stake in shares of Intuit by 2.0% in the 3rd quarter. Salem Investment Counselors Inc. now owns 11,532 shares of the software maker’s stock valued at $3,179,000 after purchasing an additional 230 shares during the period. Ulland Investment Advisors LLC boosted its position in shares of Intuit by 3.7% during the 3rd quarter. Ulland Investment Advisors LLC now owns 1,821 shares of the software maker’s stock valued at $502,000 after purchasing an additional 65 shares in the last quarter. Copeland Capital Management LLC boosted its position in shares of Intuit by 2,043.6% during the 3rd quarter. Copeland Capital Management LLC now owns 2,358 shares of the software maker’s stock valued at $650,000 after purchasing an additional 2,248 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in Intuit by 27.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 958 shares of the software maker’s stock worth $264,000 after purchasing an additional 204 shares during the period. Finally, Krilogy Financial LLC grew its stake in Intuit by 54.3% during the third quarter. Krilogy Financial LLC now owns 5,663 shares of the software maker’s stock worth $1,733,000 after purchasing an additional 1,994 shares during the period. Institutional investors own 83.66% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on INTU. TD Cowen reissued a “hold” rating and issued a $346.00 price target on shares of Intuit in a research note on Friday, September 18th. KeyCorp set a $400.00 price objective on shares of Intuit in a research report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Intuit from $530.00 to $425.00 and set a “buy” rating for the company in a research note on Wednesday, August 19th. Mizuho reiterated an “outperform” rating and set a $430.00 target price on shares of Intuit in a research report on Friday, September 18th. Finally, Evercore reiterated an “outperform” rating on shares of Intuit in a research report on Friday, September 18th. Sixteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $431.55.

Intuit Trading Down 1.5%

NASDAQ INTU opened at $301.45 on Wednesday. The company has a market cap of $80.56 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 0.89 and a beta of 1.01. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $689.17. The business has a 50 day moving average price of $321.34 and a 200-day moving average price of $330.11. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34.

Intuit (NASDAQ:INTU) last issued its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The company had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period in the prior year, the firm earned $2.75 earnings per share. Intuit’s revenue for the quarter was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, equities analysts expect that Intuit Inc. will post 23.01 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be issued a dividend of $1.38 per share. The ex-dividend date is 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 1.8%. Intuit’s dividend payout ratio is currently 33.45%.

Insiders Place Their Bets

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

Intuit Profile

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.