Forum Financial Management LP Sells 20 Shares of Intuit Inc. $INTU

Forum Financial Management LP reduced its stake in Intuit Inc. (NASDAQ:INTU) by 1.3% during the second quarter, HoldingsChannel.com reports. The firm owned 1,545 shares of the software maker’s stock after selling 20 shares during the quarter. Forum Financial Management LP’s holdings in Intuit were worth $1,217,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Ethic Inc. raised its holdings in Intuit by 7.0% in the 2nd quarter. Ethic Inc. now owns 31,284 shares of the software maker’s stock worth $24,294,000 after acquiring an additional 2,057 shares during the last quarter. Parcion Private Wealth LLC raised its holdings in Intuit by 13.0% in the 2nd quarter. Parcion Private Wealth LLC now owns 774 shares of the software maker’s stock worth $610,000 after acquiring an additional 89 shares during the last quarter. Exencial Wealth Advisors LLC raised its holdings in Intuit by 4.8% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 913 shares of the software maker’s stock worth $719,000 after acquiring an additional 42 shares during the last quarter. Cookson Peirce & Co. Inc. purchased a new position in Intuit in the 2nd quarter worth approximately $1,537,000. Finally, Brookstone Capital Management raised its holdings in Intuit by 3.5% in the 2nd quarter. Brookstone Capital Management now owns 2,073 shares of the software maker’s stock worth $1,632,000 after acquiring an additional 70 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the sale, the director directly owned 14,475 shares in the company, valued at $9,570,146.25. This represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Sandeep Aujla sold 1,170 shares of the company’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the sale, the chief financial officer owned 1,295 shares of the company’s stock, valued at $876,792.70. This trade represents a 47.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,407 shares of company stock worth $1,614,913 in the last three months. Corporate insiders own 2.68% of the company’s stock.

Intuit Trading Up 1.0%

NASDAQ:INTU opened at $677.72 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market capitalization of $188.95 billion, a price-to-earnings ratio of 49.32, a price-to-earnings-growth ratio of 2.59 and a beta of 1.25. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The business has a fifty day moving average price of $672.45 and a 200-day moving average price of $697.02.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.Intuit’s revenue was up 20.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Sell-side analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, October 9th were paid a $1.20 dividend. This is a positive change from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date was Thursday, October 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit’s dividend payout ratio (DPR) is currently 34.93%.

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a report on Wednesday, October 8th. UBS Group decreased their target price on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a research note on Friday, August 22nd. Bank of America decreased their target price on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. BMO Capital Markets boosted their target price on shares of Intuit from $820.00 to $870.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Finally, Rothschild & Co Redburn boosted their target price on shares of Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and a consensus price target of $791.82.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.