Silphium Asset Management Ltd Sells 2,456 Shares of Intuit Inc. $INTU

Silphium Asset Management Ltd decreased its holdings in Intuit Inc. (NASDAQ:INTU) by 29.1% in the third quarter, Holdings Channel reports. The firm owned 5,982 shares of the software maker’s stock after selling 2,456 shares during the quarter. Intuit accounts for about 1.2% of Silphium Asset Management Ltd’s portfolio, making the stock its 22nd biggest position. Silphium Asset Management Ltd’s holdings in Intuit were worth $4,085,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Tortoise Investment Management LLC lifted its stake in Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after acquiring an additional 27 shares during the period. Westside Investment Management Inc. raised its holdings in shares of Intuit by 161.5% during the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after purchasing an additional 21 shares during the last quarter. Sagard Holdings Management Inc. bought a new position in Intuit during the second quarter valued at approximately $28,000. True Wealth Design LLC boosted its holdings in Intuit by 270.0% in the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after purchasing an additional 27 shares during the last quarter. Finally, LGT Financial Advisors LLC bought a new stake in Intuit in the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. TD Cowen assumed coverage on Intuit in a report on Thursday, January 8th. They set a “buy” rating and a $802.00 price target on the stock. Wells Fargo & Company reissued an “equal weight” rating and issued a $700.00 target price (down previously from $840.00) on shares of Intuit in a report on Thursday, January 8th. Truist Financial started coverage on Intuit in a research report on Tuesday, January 6th. They issued a “buy” rating and a $739.00 target price on the stock. Wall Street Zen raised shares of Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Intuit in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $791.73.

Intuit Stock Down 2.4%

Shares of INTU stock opened at $487.12 on Tuesday. 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 one year low of $486.62 and a one year high of $813.70. The company’s fifty day moving average price is $621.92 and its 200-day moving average price is $665.52. The company has a market capitalization of $135.55 billion, a price-to-earnings ratio of 33.30, a PEG ratio of 2.04 and a beta of 1.24.

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

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 9th were issued a $1.20 dividend. The ex-dividend date of this dividend was Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.0%. Intuit’s payout ratio is currently 32.81%.

Insiders Place Their Bets

In related news, CEO Sasan K. Goodarzi sold 41,000 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the transaction, the chief executive officer owned 13,611 shares in the company, valued at approximately $8,848,511.10. This represents a 75.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott D. Cook sold 75,000 shares of the firm’s stock in a transaction on Monday, December 29th. The shares were sold at an average price of $673.43, for a total transaction of $50,507,250.00. Following the transaction, the director directly owned 5,669,584 shares of the company’s stock, valued at $3,818,067,953.12. The trade was a 1.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 388,464 shares of company stock valued at $255,514,393. 2.49% of the stock is owned by company insiders.

About Intuit

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.