Freestone Capital Holdings LLC Has $1.35 Million Position in Intuit Inc. $INTU

Freestone Capital Holdings LLC cut its stake in shares of Intuit Inc. (NASDAQ:INTU) by 29.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,711 shares of the software maker’s stock after selling 727 shares during the period. Freestone Capital Holdings LLC’s holdings in Intuit were worth $1,348,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in INTU. KMG Fiduciary Partners LLC increased its holdings in shares of Intuit by 1.8% during the second quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock worth $607,000 after buying an additional 14 shares in the last quarter. Pinnacle Bancorp Inc. boosted its holdings in shares of Intuit by 3.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock valued at $296,000 after acquiring an additional 14 shares in the last quarter. Weaver Capital Management LLC grew its position in Intuit by 1.3% during the 2nd quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker’s stock worth $888,000 after acquiring an additional 14 shares during the last quarter. May Hill Capital LLC increased its holdings in Intuit by 4.2% in the 2nd quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock worth $272,000 after purchasing an additional 14 shares in the last quarter. Finally, Peloton Wealth Strategists increased its holdings in Intuit by 0.3% in the 1st quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock worth $2,710,000 after purchasing an additional 15 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on INTU. Bank of America cut their price target on Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. KeyCorp cut their target price 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. Zacks Research lowered shares of Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Oppenheimer upped their price target on shares of Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $850.00 price target on shares of Intuit in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $791.82.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the sale, the director directly owned 14,475 shares in the company, valued at approximately $9,570,146.25. This trade represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Scott D. Cook sold 529 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 2,407 shares of company stock worth $1,614,913. Company insiders own 2.68% of the company’s stock.

Intuit Stock Performance

NASDAQ:INTU opened at $676.19 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The company has a 50 day simple moving average of $669.45 and a two-hundred day simple moving average of $703.96. The company has a market capitalization of $188.53 billion, a PE ratio of 49.21, a P/E/G ratio of 2.53 and a beta of 1.25.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating 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 company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the firm posted $1.99 EPS. The company’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. Research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is an increase from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Thursday, October 9th. Intuit’s payout ratio is currently 34.93%.

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.