Intuit Inc. $INTU Shares Sold by Catalyst Private Wealth LLC

Catalyst Private Wealth LLC trimmed its holdings in Intuit Inc. (NASDAQ:INTU) by 9.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 860 shares of the software maker’s stock after selling 87 shares during the quarter. Catalyst Private Wealth LLC’s holdings in Intuit were worth $677,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Peloton Wealth Strategists lifted its position in Intuit by 0.3% in the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock valued at $2,710,000 after acquiring an additional 15 shares during the last quarter. Decatur Capital Management Inc. raised its holdings in shares of Intuit by 0.3% in the first quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker’s stock valued at $3,069,000 after buying an additional 16 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in shares of Intuit by 18.4% in the first quarter. Financial Management Professionals Inc. now owns 116 shares of the software maker’s stock valued at $71,000 after buying an additional 18 shares during the last quarter. Chris Bulman Inc raised its holdings in shares of Intuit by 1.2% in the first quarter. Chris Bulman Inc now owns 1,523 shares of the software maker’s stock valued at $935,000 after buying an additional 18 shares during the last quarter. Finally, Cascade Investment Group Inc. raised its holdings in shares of Intuit by 0.8% in the first quarter. Cascade Investment Group Inc. now owns 2,413 shares of the software maker’s stock valued at $1,482,000 after buying an additional 18 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on INTU shares. Bank of America reduced their target price on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. JPMorgan Chase & Co. dropped their price target on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Evercore ISI boosted their price target on shares of Intuit from $685.00 to $785.00 and gave the stock an “outperform” rating in a research note on Friday, May 23rd. Barclays dropped their price target on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Finally, Jefferies Financial Group set a $850.00 price target on shares of Intuit and gave the stock a “buy” rating in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $797.62.

Insider Transactions at Intuit

In other Intuit news, EVP Mark P. Notarainni sold 1,147 shares of Intuit stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total value of $887,663.30. Following the completion of the sale, the executive vice president directly owned 19 shares of the company’s stock, valued at approximately $14,704.10. The trade was a 98.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alex G. Balazs sold 882 shares of Intuit stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total transaction of $689,397.66. The disclosure for this sale can be found here. Insiders sold 9,879 shares of company stock worth $7,558,613 in the last three months. 2.68% of the stock is currently owned by company insiders.

Intuit Stock Down 0.0%

INTU stock opened at $651.30 on Wednesday. The company’s 50 day simple moving average is $720.25 and its 200-day simple moving average is $684.08. The firm has a market capitalization of $181.58 billion, a PE ratio of 47.40, a P/E/G ratio of 2.51 and a beta of 1.26. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36.

Intuit (NASDAQ:INTU) last released its earnings results 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 analysts’ expectations of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. Intuit’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same period in the previous year, the company earned $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 analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. This is an increase from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio is presently 30.28%.

Intuit 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.