Bank Pictet & Cie Europe AG Sells 18 Shares of Intuit Inc. $INTU

Bank Pictet & Cie Europe AG lowered its position in shares of Intuit Inc. (NASDAQ:INTU) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,851 shares of the software maker’s stock after selling 18 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in Intuit were worth $1,458,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Copia Wealth Management bought a new stake in Intuit during the fourth quarter valued at $25,000. CBIZ Investment Advisory Services LLC boosted its position in Intuit by 1,566.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock valued at $31,000 after acquiring an additional 47 shares during the last quarter. TD Capital Management LLC boosted its position in Intuit by 511.1% during the first quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock valued at $34,000 after acquiring an additional 46 shares during the last quarter. Olde Wealth Management LLC bought a new stake in Intuit during the first quarter valued at $37,000. Finally, Activest Wealth Management boosted its position in shares of Intuit by 3,050.0% during the 1st quarter. Activest Wealth Management now owns 63 shares of the software maker’s stock worth $39,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

Shares of NASDAQ INTU opened at $692.68 on Friday. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The stock has a market cap of $193.12 billion, a price-to-earnings ratio of 50.41, a PEG ratio of 2.68 and a beta of 1.26. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The firm’s 50-day simple moving average is $711.13 and its 200 day simple moving average is $687.65.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter last 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. As a group, research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed 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 a positive change from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit’s dividend payout ratio (DPR) is 30.28%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on INTU shares. KeyCorp cut their price objective on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Morgan Stanley cut their price objective 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. BMO Capital Markets increased their price objective on shares of Intuit from $820.00 to $870.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Citigroup cut their price objective 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, Barclays cut 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. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $791.82.

Insider Transactions at Intuit

In other Intuit news, EVP Mark P. Notarainni sold 1,147 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total value of $887,663.30. Following the completion of the sale, the executive vice president owned 19 shares in the company, valued at approximately $14,704.10. This trade represents a 98.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sandeep Aujla sold 42 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $27,929.58. Following the completion of the sale, the chief financial officer owned 831 shares of the company’s stock, valued at approximately $552,606.69. This trade represents a 4.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,141 shares of company stock worth $6,195,865. Company insiders own 2.68% of the company’s stock.

About Intuit

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.