Intuit Inc. $INTU Shares Sold by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI cut its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 3.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,457 shares of the software maker’s stock after selling 234 shares during the period. Parsons Capital Management Inc. RI’s holdings in Intuit were worth $5,086,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of 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 period. Price T Rowe Associates Inc. MD raised its holdings 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 purchasing an additional 649,212 shares in the last quarter. Wellington Management Group LLP raised its holdings 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 purchasing an additional 358,328 shares in the last quarter. Brown Advisory Inc. raised its holdings 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 purchasing an additional 252,265 shares in the last quarter. Finally, Invesco Ltd. raised its holdings 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 purchasing an additional 36,513 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Stock Performance

INTU opened at $679.50 on Thursday. The firm has a market cap of $189.44 billion, a PE ratio of 49.45, a P/E/G ratio of 2.64 and a beta of 1.25. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $705.06 and a 200-day simple moving average of $690.39. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70.

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

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be given 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 yield of 0.7%. Intuit’s payout ratio is presently 30.28%.

Insiders Place Their Bets

In related news, CFO Sandeep Aujla sold 42 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $27,929.58. Following the transaction, the chief financial officer directly owned 831 shares of the company’s stock, valued at approximately $552,606.69. The trade was a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alex G. Balazs sold 882 shares of the company’s stock in a transaction on 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 a total of 2,785 shares of company stock valued at $2,029,299 over the last ninety days. Corporate insiders own 2.68% of the company’s stock.

Analyst Upgrades and Downgrades

INTU has been the topic of several recent analyst reports. Morgan Stanley dropped their target price on Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. JPMorgan Chase & Co. dropped their target price on Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. UBS Group dropped their target price on Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a report on Friday, August 22nd. Barclays dropped their target price on Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Finally, Bank of America dropped their target price on Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Intuit presently has an average rating of “Moderate Buy” and an average target price of $791.82.

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.