MAI Capital Management Decreases Holdings in Intuit Inc. $INTU

MAI Capital Management lowered its position in Intuit Inc. (NASDAQ:INTU) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,611 shares of the software maker’s stock after selling 420 shares during the period. MAI Capital Management’s holdings in Intuit were worth $8,971,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of INTU. Brighton Jones LLC raised its stake in shares of Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after buying an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in Intuit by 145.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after acquiring an additional 482 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in Intuit by 14.2% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,992 shares of the software maker’s stock worth $1,252,000 after acquiring an additional 248 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of Intuit in the fourth quarter valued at about $49,149,000. Finally, Benjamin Edwards Inc. lifted its holdings in shares of Intuit by 2.4% in the fourth quarter. Benjamin Edwards Inc. now owns 55,546 shares of the software maker’s stock valued at $34,924,000 after purchasing an additional 1,292 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intuit

In other Intuit news, Director Scott D. Cook sold 529 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the transaction, the director owned 6,162,547 shares of the company’s stock, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $768.43, for a total transaction of $255,887.19. Following the completion of the transaction, the director owned 15,474 shares in the company, valued at approximately $11,890,685.82. This trade represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold 107,817 shares of company stock valued at $82,475,471 in the last quarter. Insiders own 2.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on INTU. Wells Fargo & Company set a $880.00 price objective on shares of Intuit and gave the stock an “overweight” rating in a research note on Friday, June 13th. Stifel Nicolaus dropped their price target on Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. KeyCorp cut their price target on Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. CLSA assumed coverage on Intuit in a research report on Thursday, June 26th. They issued an “outperform” rating and a $900.00 price objective on the stock. Finally, The Goldman Sachs Group increased their price objective on Intuit from $750.00 to $860.00 and gave the company a “buy” rating in a research note on Monday, May 19th. One investment 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 stock. Based on data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and an average target price of $797.62.

Intuit Price Performance

INTU stock opened at $667.00 on Monday. The stock has a market capitalization of $186.06 billion, a price-to-earnings ratio of 48.54, a price-to-earnings-growth ratio of 2.57 and a beta of 1.26. The company has a quick ratio of 1.45, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The stock’s fifty day simple moving average is $747.30 and its 200-day simple moving average is $678.35.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the prior year, the business posted $1.99 earnings per share. The firm’s revenue for the quarter was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities research analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

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