Forbes J M & Co. LLP Has $1.48 Million Stake in Intuit Inc. $INTU

Forbes J M & Co. LLP trimmed its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 8.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,882 shares of the software maker’s stock after selling 178 shares during the quarter. Forbes J M & Co. LLP’s holdings in Intuit were worth $1,482,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Intuit by 1.1% during the first quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker’s stock worth $16,780,536,000 after buying an additional 294,993 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Intuit by 7.8% during 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 during the last quarter. Wellington Management Group LLP increased its position in Intuit by 6.8% during the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock worth $3,472,266,000 after buying an additional 358,328 shares during the last quarter. Brown Advisory Inc. increased its position in Intuit by 7.9% during the first quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker’s stock worth $2,114,950,000 after buying an additional 252,265 shares during the last quarter. Finally, Invesco Ltd. increased its position in Intuit by 1.2% during the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock worth $1,890,282,000 after buying an additional 36,513 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Stock Down 1.7%

NASDAQ INTU opened at $682.91 on Wednesday. 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 has a 50-day simple moving average of $706.99 and a 200 day simple moving average of $690.46. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The stock has a market cap of $190.40 billion, a PE ratio of 49.70, a PEG ratio of 2.68 and a beta of 1.26.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. The business had revenue of $3.83 billion during 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%. The firm’s revenue was up 20.3% on a year-over-year basis. During the same quarter last year, the company earned $1.99 earnings per share. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, research analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend 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 dividend yield of 0.7%. Intuit’s dividend payout ratio (DPR) is 30.28%.

Analysts Set New Price Targets

Several equities analysts have commented on INTU shares. BMO Capital Markets increased their target price 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. UBS Group decreased their price target on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a report on Friday, August 22nd. Citigroup decreased their price target on shares of Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Bank of America decreased their price target on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Finally, Wells Fargo & Company set a $880.00 price target on shares of Intuit and gave the company an “overweight” rating in a report on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $791.82.

Insider Activity

In related news, Director Scott D. Cook sold 529 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Alex G. Balazs sold 882 shares of the firm’s stock in a transaction that occurred on 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. In the last ninety days, insiders sold 5,376 shares of company stock worth $4,056,031. Corporate insiders own 2.68% of the company’s stock.

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.