Invesco LLC Sells 232 Shares of Intuit Inc. $INTU

Invesco LLC lowered its position in shares of Intuit Inc. (NASDAQ:INTU) by 27.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 627 shares of the software maker’s stock after selling 232 shares during the quarter. Invesco LLC’s holdings in Intuit were worth $494,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in INTU. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new position in Intuit in the second quarter valued at about $259,000. Moss Adams Wealth Advisors LLC raised its stake in shares of Intuit by 2.0% in the second quarter. Moss Adams Wealth Advisors LLC now owns 2,695 shares of the software maker’s stock valued at $2,123,000 after acquiring an additional 53 shares during the last quarter. GC Wealth Management RIA LLC boosted its holdings in shares of Intuit by 369.6% in the 2nd quarter. GC Wealth Management RIA LLC now owns 3,682 shares of the software maker’s stock worth $2,900,000 after acquiring an additional 2,898 shares in the last quarter. V Square Quantitative Management LLC grew its position in Intuit by 0.4% during the 2nd quarter. V Square Quantitative Management LLC now owns 8,410 shares of the software maker’s stock worth $6,624,000 after acquiring an additional 31 shares during the last quarter. Finally, Scott & Selber Inc. grew its position in Intuit by 0.7% during the 2nd quarter. Scott & Selber Inc. now owns 4,240 shares of the software maker’s stock worth $3,340,000 after acquiring an additional 28 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit Stock Performance

Intuit stock opened at $698.26 on Monday. The company has a market cap of $194.67 billion, a PE ratio of 50.82, a PEG ratio of 2.69 and a beta of 1.26. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The company’s 50-day moving average is $710.05 and its two-hundred day moving average is $689.85.

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

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be given a $1.20 dividend. The ex-dividend date is Thursday, October 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. This is an increase from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio is 30.28%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on INTU. CLSA began coverage on Intuit in a research report on Thursday, June 26th. They issued an “outperform” rating and a $900.00 price objective for the company. Rothschild & Co Redburn lifted their price target on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. Oppenheimer increased their price objective on shares of Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Bank of America lowered their price objective on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Finally, Barclays reduced their target price 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 investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $791.82.

Insider Buying and Selling at Intuit

In related news, CFO Sandeep Aujla sold 42 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $27,929.58. Following the completion of the sale, the chief financial officer owned 831 shares in the company, valued at approximately $552,606.69. This represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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. Insiders sold 8,141 shares of company stock valued at $6,195,865 over the last quarter. 2.68% of the stock is owned by corporate insiders.

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.