Consolidated Capital Management LLC Trims Stock Holdings in Intuit Inc. $INTU

Consolidated Capital Management LLC lowered its stake in shares of Intuit Inc. (NASDAQ:INTU) by 7.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 329 shares of the software maker’s stock after selling 25 shares during the period. Consolidated Capital Management LLC’s holdings in Intuit were worth $259,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Nuveen LLC purchased a new stake in Intuit during the 1st quarter worth about $882,031,000. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit during the first quarter valued at about $785,564,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Intuit by 7.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock worth $5,537,435,000 after buying an additional 649,212 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Intuit by 55.5% in the first quarter. Pictet Asset Management Holding SA now owns 1,053,197 shares of the software maker’s stock worth $646,613,000 after buying an additional 375,742 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Intuit by 6.8% in the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after acquiring an additional 358,328 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Stock Up 0.8%

Shares of INTU opened at $698.26 on Friday. 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. The stock has a 50 day simple moving average of $710.05 and a two-hundred day simple moving average of $689.09. The firm has a market cap of $194.67 billion, a P/E ratio of 50.82, a P/E/G ratio of 2.69 and a beta of 1.26.

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

Intuit Increases Dividend

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

Insider Activity

In other news, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the transaction, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alex G. Balazs sold 882 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,141 shares of company stock valued at $6,195,865. Company insiders own 2.68% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on INTU shares. JPMorgan Chase & Co. reduced their price target on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Zacks Research cut Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. KeyCorp lowered their price target on Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Royal Bank Of Canada reissued an “outperform” rating and set a $850.00 price objective on shares of Intuit in a report on Tuesday, September 2nd. Finally, Morgan Stanley decreased 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. One research 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $791.82.

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.