Holocene Advisors LP Sells 245,599 Shares of Intuit Inc. $INTU

Holocene Advisors LP lowered its position in Intuit Inc. (NASDAQ:INTU) by 42.7% during the 2nd quarter, Holdings Channel reports. The fund owned 330,154 shares of the software maker’s stock after selling 245,599 shares during the period. Holocene Advisors LP’s holdings in Intuit were worth $260,039,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of INTU. Sequoia Financial Advisors LLC boosted its position in shares of Intuit by 9.0% during the second quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock valued at $13,609,000 after buying an additional 1,433 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in Intuit during the 2nd quarter worth $1,733,000. denkapparat Operations GmbH bought a new stake in shares of Intuit in the 2nd quarter worth $830,000. New York Life Investment Management LLC raised its holdings in shares of Intuit by 1.1% in the second quarter. New York Life Investment Management LLC now owns 41,830 shares of the software maker’s stock valued at $32,947,000 after purchasing an additional 442 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Intuit by 2.4% during the second quarter. Quadrant Capital Group LLC now owns 6,608 shares of the software maker’s stock valued at $5,205,000 after purchasing an additional 152 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

INTU has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Morgan Stanley decreased their price target on Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Wells Fargo & Company dropped their price target on Intuit from $880.00 to $840.00 and set an “overweight” rating on the stock in a report on Friday, November 21st. Barclays reduced their price objective on Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Finally, Rothschild & Co Redburn lifted their target price on Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Intuit has a consensus rating of “Moderate Buy” and an average price target of $798.20.

Intuit Stock Performance

Shares of INTU opened at $670.92 on Friday. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The stock’s fifty day moving average price is $656.94 and its two-hundred day moving average price is $705.25. The firm has a market cap of $186.70 billion, a PE ratio of 45.86, a PEG ratio of 2.77 and a beta of 1.27.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the firm posted $2.50 EPS. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, equities research analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be given a $1.20 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit’s payout ratio is 32.81%.

Insider Activity at Intuit

In related news, Director Scott D. Cook sold 74,095 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $655.78, for a total value of $48,590,019.10. Following the completion of the transaction, the director directly owned 5,819,584 shares of the company’s stock, valued at approximately $3,816,366,795.52. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the transaction, the chief financial officer owned 1,295 shares of the company’s stock, valued at $876,792.70. This represents a 47.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 269,799 shares of company stock worth $176,627,160. 2.49% of the stock is owned by corporate insiders.

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.