Vontobel Holding Ltd. Sells 49,476 Shares of Intuit Inc. $INTU

Vontobel Holding Ltd. reduced its position in Intuit Inc. (NASDAQ:INTU) by 8.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 529,287 shares of the software maker’s stock after selling 49,476 shares during the period. Intuit accounts for approximately 1.3% of Vontobel Holding Ltd.’s portfolio, making the stock its 25th largest holding. Vontobel Holding Ltd. owned approximately 0.19% of Intuit worth $416,882,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Morey & Quinn Wealth Partners LLC increased its position in shares of Intuit by 7.0% during the second quarter. Morey & Quinn Wealth Partners LLC now owns 352 shares of the software maker’s stock valued at $277,000 after buying an additional 23 shares during the period. Maryland State Retirement & Pension System increased its position in shares of Intuit by 3.9% during the second quarter. Maryland State Retirement & Pension System now owns 13,271 shares of the software maker’s stock valued at $10,453,000 after buying an additional 502 shares during the period. Optas LLC increased its position in shares of Intuit by 17.9% during the second quarter. Optas LLC now owns 2,003 shares of the software maker’s stock valued at $1,578,000 after buying an additional 304 shares during the period. Navera Investment Management Ltd. increased its position in shares of Intuit by 0.4% during the second quarter. Navera Investment Management Ltd. now owns 420,555 shares of the software maker’s stock valued at $331,203,000 after buying an additional 1,607 shares during the period. Finally, Detalus Advisors LLC bought a new stake in shares of Intuit during the second quarter valued at about $206,000. 83.66% of the stock is currently owned by institutional investors.

Intuit Stock Down 0.0%

Shares of NASDAQ INTU opened at $657.80 on Thursday. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $183.40 billion, a price-to-earnings ratio of 47.87, a PEG ratio of 2.54 and a beta of 1.25. The business has a 50-day moving average of $692.42 and a 200-day moving average of $692.73.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.Intuit’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.99 earnings per share. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Sell-side 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 is an increase from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Intuit’s payout ratio is currently 34.93%.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the sale, the director owned 14,475 shares of the company’s stock, valued at $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott D. Cook sold 529 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the completion of the sale, the director directly owned 6,162,547 shares of the company’s stock, valued at approximately $4,098,032,129.53. This represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,407 shares of company stock valued at $1,614,913 over the last quarter. 2.68% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on INTU. Wall Street Zen cut Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Oppenheimer upped their price target on Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Morgan Stanley decreased their price target on Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Stifel Nicolaus decreased their price target on Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Intuit in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and one has given 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 price target of $791.82.

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.