Intuit Inc. $INTU Stock Sold by Keeler Thomas Management LLC

Keeler Thomas Management LLC cut its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 50.7% in the third quarter, HoldingsChannel reports. The firm owned 3,814 shares of the software maker’s stock after selling 3,928 shares during the period. Keeler Thomas Management LLC’s holdings in Intuit were worth $1,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Intuit during the 2nd quarter worth about $6,851,859,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Intuit by 102.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock valued at $1,684,795,000 after buying an additional 1,972,719 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Intuit by 6.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,334,328 shares of the software maker’s stock valued at $870,260,000 after buying an additional 215,814 shares during the period. Unisphere Establishment lifted its holdings in shares of Intuit by 6.5% in the 1st quarter. Unisphere Establishment now owns 1,810,000 shares of the software maker’s stock valued at $782,608,000 after buying an additional 110,000 shares during the period. Finally, Amundi boosted its stake in shares of Intuit by 44.9% in the first quarter. Amundi now owns 1,563,158 shares of the software maker’s stock worth $675,878,000 after buying an additional 484,602 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Price Performance

Shares of NASDAQ INTU opened at $352.10 on Tuesday. The firm has a market cap of $94.10 billion, a PE ratio of 17.92, a PEG ratio of 1.08 and a beta of 1.01. The firm has a fifty day moving average of $319.08 and a 200 day moving average of $361.12. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51. Intuit Inc. has a one year low of $252.84 and a one year high of $682.27.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data 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. The company had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.75 earnings per share. 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, research analysts predict that Intuit Inc. will post 23.02 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 8th were given a dividend of $1.38 per share. This is a boost from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date was Thursday, October 8th. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. Intuit’s payout ratio is currently 33.45%.

Wall Street Analyst Weigh In

INTU has been the topic of several analyst reports. KeyCorp set a $400.00 target price on Intuit in a report on Wednesday, August 26th. Weiss Ratings raised Intuit from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 28th. BMO Capital Markets reissued an “outperform” rating on shares of Intuit in a report on Monday, September 21st. Citigroup lowered their price objective on Intuit from $591.00 to $457.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Finally, Mizuho reaffirmed an “outperform” rating and set a $430.00 price objective on shares of Intuit in a research note on Friday, September 18th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $431.55.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 285 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was 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 in the company, valued at approximately $3,751,726.16. The trade was a 2.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 that occurred on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the sale, the chief accounting officer owned 1,628 shares of the company’s stock, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.49% of the stock is owned by corporate insiders.

About Intuit

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.