Lyell Wealth Management LP Sells 7,937 Shares of Intuit Inc. $INTU

Lyell Wealth Management LP lowered its position in Intuit Inc. (NASDAQ:INTU) by 36.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,901 shares of the software maker’s stock after selling 7,937 shares during the period. Lyell Wealth Management LP’s holdings in Intuit were worth $3,833,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Putney Financial Group LLC purchased a new position in Intuit in the 3rd quarter worth approximately $88,000. Gallacher Capital Management LLC purchased a new stake in Intuit during the 3rd quarter valued at approximately $527,000. First Nebraska Trust Co purchased a new stake in Intuit during the 3rd quarter valued at approximately $3,717,000. Evergreen Private Wealth LLC grew its holdings in Intuit by 19.8% during the 3rd quarter. Evergreen Private Wealth LLC now owns 11,811 shares of the software maker’s stock valued at $3,256,000 after buying an additional 1,950 shares in the last quarter. Finally, Aware Super Pty Ltd as trustee of Aware Super raised its position in shares of Intuit by 41.3% during the third quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 86,564 shares of the software maker’s stock valued at $23,867,000 after buying an additional 25,282 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Intuit news, CAO Lauren Hotz sold 907 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction 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. The trade was a 35.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Dalzell sold 285 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 11,531 shares of the company’s stock, valued at approximately $3,751,726.16. This represents a 2.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is owned by company insiders.

Analyst Ratings Changes

INTU has been the topic of several research analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $385.00 target price on shares of Intuit in a report on Friday, October 2nd. UBS Group reaffirmed a “neutral” rating on shares of Intuit in a research note on Friday, September 18th. Jefferies Financial Group cut their target price on shares of Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a research note on Sunday, August 23rd. BMO Capital Markets reiterated an “outperform” rating on shares of Intuit in a research note on Monday, September 21st. Finally, Mizuho restated an “outperform” rating and set a $430.00 price objective on shares of Intuit in a research report on Friday, September 18th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Intuit has a consensus rating of “Hold” and an average price target of $431.55.

Intuit Stock Performance

Shares of Intuit stock opened at $344.72 on Wednesday. The company has a 50-day simple moving average of $318.58 and a two-hundred day simple moving average of $360.01. 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. The company has a market capitalization of $92.12 billion, a PE ratio of 20.89, a P/E/G ratio of 1.16 and a beta of 0.91.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter last year, the company earned $2.75 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Research analysts expect that Intuit Inc. will post 23.02 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 8th were paid a $1.38 dividend. 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 dividend on an annualized basis and a yield of 1.6%. Intuit’s dividend payout ratio (DPR) is 33.45%.

Intuit Profile

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.