Evelyn Partners Investment Management LLP Trims Position in Intuit Inc. $INTU

Evelyn Partners Investment Management LLP lowered its position in Intuit Inc. (NASDAQ:INTU) by 58.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,076 shares of the software maker’s stock after selling 28,801 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in Intuit were worth $15,812,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of INTU. Evelyn Partners Asset Management Ltd grew its stake in shares of Intuit by 2,039.2% in the 2nd quarter. Evelyn Partners Asset Management Ltd now owns 27,168 shares of the software maker’s stock valued at $21,398,000 after buying an additional 25,898 shares during the period. Journey Strategic Wealth LLC grew its position in Intuit by 67.6% in the second quarter. Journey Strategic Wealth LLC now owns 2,009 shares of the software maker’s stock worth $1,582,000 after acquiring an additional 810 shares during the period. Franklin Resources Inc. increased its stake in Intuit by 22.1% during the second quarter. Franklin Resources Inc. now owns 1,489,369 shares of the software maker’s stock worth $1,173,072,000 after acquiring an additional 269,668 shares during the last quarter. Mediolanum International Funds Ltd lifted its stake in shares of Intuit by 12.4% in the 2nd quarter. Mediolanum International Funds Ltd now owns 134,785 shares of the software maker’s stock valued at $104,670,000 after purchasing an additional 14,905 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Intuit by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 1,902,435 shares of the software maker’s stock worth $1,498,415,000 after purchasing an additional 27,566 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

INTU has been the topic of several research analyst reports. Barclays reduced their price objective on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. UBS Group reduced their price target on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a research note on Friday, August 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $850.00 price objective on shares of Intuit in a research report on Friday. Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a research report on Wednesday, October 8th. Finally, BMO Capital Markets decreased their price target on Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Intuit currently has an average rating of “Moderate Buy” and a consensus price target of $795.00.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, September 11th. The shares were 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 of the company’s stock, valued at approximately $9,570,146.25. The trade was a 2.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott D. Cook sold 529 shares of the business’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 $351,779.71. Following the transaction, the director owned 6,162,547 shares of the company’s stock, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 2,407 shares of company stock worth $1,614,913. Company insiders own 2.68% of the company’s stock.

Intuit Price Performance

Intuit stock opened at $663.15 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The firm has a market cap of $184.89 billion, a PE ratio of 48.26, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25. The company’s 50 day moving average is $666.30 and its two-hundred day moving average is $706.80.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, research analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. 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.