Guinness Atkinson Asset Management Inc Decreases Stake in Intuit Inc. $INTU

Guinness Atkinson Asset Management Inc trimmed its holdings in Intuit Inc. (NASDAQ:INTU) by 7.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,600 shares of the software maker’s stock after selling 758 shares during the quarter. Intuit comprises 4.0% of Guinness Atkinson Asset Management Inc’s portfolio, making the stock its 7th biggest holding. Guinness Atkinson Asset Management Inc’s holdings in Intuit were worth $7,561,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in INTU. KMG Fiduciary Partners LLC grew its stake in shares of Intuit by 1.8% during the second quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock valued at $607,000 after purchasing an additional 14 shares during the last quarter. Pinnacle Bancorp Inc. boosted its position in Intuit by 3.9% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock valued at $296,000 after buying an additional 14 shares during the last quarter. Weaver Capital Management LLC increased its stake in shares of Intuit by 1.3% in the 2nd quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker’s stock valued at $888,000 after buying an additional 14 shares during the period. Peloton Wealth Strategists raised its position in shares of Intuit by 0.3% during the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock worth $2,710,000 after acquiring an additional 15 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC lifted its stake in shares of Intuit by 0.9% during the second quarter. Moody Lynn & Lieberson LLC now owns 1,672 shares of the software maker’s stock valued at $1,317,000 after acquiring an additional 15 shares during the period. Institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

INTU has been the subject of a number of research reports. Rothschild & Co Redburn lifted their price objective on Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Citigroup lowered their price target on shares of Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Royal Bank Of Canada restated an “outperform” rating and issued a $850.00 price objective on shares of Intuit in a report on Tuesday, September 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intuit in a report on Saturday. Finally, BMO Capital Markets increased their price target on Intuit from $820.00 to $870.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $791.82.

Intuit Trading Up 0.8%

Shares of NASDAQ INTU opened at $683.09 on Monday. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The stock has a market cap of $190.45 billion, a price-to-earnings ratio of 49.72, a P/E/G ratio of 2.64 and a beta of 1.25. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The company’s fifty day moving average is $671.78 and its 200-day moving average is $699.77.

Intuit (NASDAQ:INTU) last issued 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 business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm’s revenue was up 20.3% compared to the same quarter last year. During the same quarter last 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. Equities research analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, October 9th were issued a dividend of $1.20 per share. This is a boost 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 presently 34.93%.

Insider Buying and Selling

In other news, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction 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 represents a 47.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott D. Cook sold 529 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the sale, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,407 shares of company stock valued at $1,614,913. 2.68% of the stock is owned by corporate insiders.

About Intuit

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.