Intuit Inc. $INTU Shares Sold by Investment House LLC

Investment House LLC reduced its stake in shares of Intuit Inc. (NASDAQ:INTU) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,330 shares of the software maker’s stock after selling 1,443 shares during the quarter. Intuit accounts for approximately 2.5% of Investment House LLC’s portfolio, making the stock its 8th largest holding. Investment House LLC’s holdings in Intuit were worth $52,810,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of INTU. Sequoia Financial Advisors LLC raised its holdings in shares of Intuit by 9.0% in the second quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock worth $13,609,000 after acquiring an additional 1,433 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in Intuit during the 2nd quarter worth about $1,733,000. Wilmington Savings Fund Society FSB raised its stake in Intuit by 19.9% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 29,553 shares of the software maker’s stock valued at $20,182,000 after purchasing an additional 4,913 shares during the last quarter. Liberty One Investment Management LLC lifted its holdings in Intuit by 31.8% in the 3rd quarter. Liberty One Investment Management LLC now owns 9,635 shares of the software maker’s stock valued at $6,580,000 after purchasing an additional 2,326 shares in the last quarter. Finally, denkapparat Operations GmbH acquired a new stake in shares of Intuit during the 2nd quarter worth about $830,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Stock Performance

NASDAQ INTU opened at $563.97 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. Intuit Inc. has a 1-year low of $520.69 and a 1-year high of $813.70. The firm has a market capitalization of $156.94 billion, a P/E ratio of 38.55, a P/E/G ratio of 2.30 and a beta of 1.25. The business’s 50-day simple moving average is $637.23 and its 200-day simple moving average is $675.80.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the prior year, the company earned $2.50 EPS. The firm’s revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Equities analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 9th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, January 9th. Intuit’s payout ratio is currently 32.81%.

Insider Transactions at Intuit

In related news, CEO Sasan K. Goodarzi sold 41,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the sale, the chief executive officer directly owned 13,611 shares of the company’s stock, valued at approximately $8,848,511.10. This represents a 75.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Scott D. Cook sold 1,402 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total value of $936,564.04. Following the transaction, the director owned 5,668,182 shares in the company, valued at $3,786,458,939.64. This trade represents a 0.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 388,464 shares of company stock worth $255,514,393. 2.49% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on INTU shares. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $700.00 target price (down from $840.00) on shares of Intuit in a research note on Thursday, January 8th. Daiwa Capital Markets increased their target price on Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Truist Financial began coverage on Intuit in a research note on Tuesday, January 6th. They issued a “buy” rating and a $739.00 price target on the stock. UBS Group set a $739.00 price objective on shares of Intuit in a research note on Tuesday, January 6th. Finally, BMO Capital Markets decreased their target price on shares of Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Intuit has an average rating of “Moderate Buy” and an average price target of $791.73.

Intuit Profile

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.