Rockland Trust Co. Decreases Stock Holdings in Intuit Inc. $INTU

Rockland Trust Co. trimmed its position in Intuit Inc. (NASDAQ:INTU) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,030 shares of the software maker’s stock after selling 954 shares during the quarter. Intuit accounts for approximately 1.4% of Rockland Trust Co.’s holdings, making the stock its 21st biggest holding. Rockland Trust Co.’s holdings in Intuit were worth $29,166,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. increased its position in Intuit by 1.2% during the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock valued at $1,890,282,000 after purchasing an additional 36,513 shares during the period. Charles Schwab Investment Management Inc. increased its position in Intuit by 4.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker’s stock valued at $1,130,718,000 after purchasing an additional 82,419 shares during the period. Vident Advisory LLC increased its position in Intuit by 22.1% during the 1st quarter. Vident Advisory LLC now owns 46,940 shares of the software maker’s stock valued at $28,821,000 after purchasing an additional 8,510 shares during the period. Circle Wealth Management LLC increased its position in Intuit by 33.4% during the 1st quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker’s stock valued at $2,119,000 after purchasing an additional 865 shares during the period. Finally, Pinnacle Financial Partners Inc increased its position in Intuit by 3.6% during the 1st quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker’s stock valued at $10,922,000 after purchasing an additional 623 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Stock Performance

Shares of Intuit stock opened at $674.96 on Friday. The stock has a market cap of $188.18 billion, a price-to-earnings ratio of 49.12, a PEG ratio of 2.56 and a beta of 1.26. The firm’s 50-day moving average is $716.65 and its 200 day moving average is $684.44. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. Intuit’s revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.99 EPS. 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 anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. This is a positive change from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio (DPR) is presently 30.28%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Barclays reduced their price objective on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Susquehanna reaffirmed a “positive” rating on shares of Intuit in a research report on Friday, May 23rd. Morgan Stanley reduced their target price on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Citigroup reduced their target price on shares of Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Finally, CLSA initiated coverage on shares of Intuit in a research report on Thursday, June 26th. They issued an “outperform” rating and a $900.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $797.62.

Insider Buying and Selling

In other Intuit news, EVP Mark P. Notarainni sold 1,147 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total transaction of $887,663.30. Following the transaction, the executive vice president owned 19 shares in the company, valued at approximately $14,704.10. This represents a 98.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alex G. Balazs sold 882 shares of the company’s stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total transaction of $689,397.66. The disclosure for this sale can be found here. Insiders have sold a total of 9,879 shares of company stock worth $7,558,613 over the last quarter. 2.68% of the stock is owned by insiders.

Intuit Company 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.