2,366 Intuit Inc. $INTU Shares Sold by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. cut its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 12.2% during the third quarter, Holdings Channel.com reports. The firm owned 16,993 shares of the software maker’s stock after selling 2,366 shares during the period. YHB Investment Advisors Inc.’s holdings in Intuit were worth $4,685,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of INTU. Everhart Financial Group Inc. lifted its holdings in Intuit by 47.4% during the third quarter. Everhart Financial Group Inc. now owns 1,244 shares of the software maker’s stock worth $343,000 after buying an additional 400 shares during the period. Veery Capital LLC bought a new stake in Intuit during the third quarter valued at about $224,000. Applied Capital LLC FL boosted its position in Intuit by 4.7% during the third quarter. Applied Capital LLC FL now owns 2,942 shares of the software maker’s stock valued at $811,000 after purchasing an additional 131 shares in the last quarter. Investors Research Corp grew its stake in Intuit by 5.1% in the third quarter. Investors Research Corp now owns 1,132 shares of the software maker’s stock valued at $312,000 after purchasing an additional 55 shares during the last quarter. Finally, Wealth Enhancement Trust Services Inc. raised its holdings in Intuit by 2.7% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 6,520 shares of the software maker’s stock worth $1,798,000 after purchasing an additional 172 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 285 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the completion of the transaction, the director directly owned 11,531 shares in the company, valued at $3,751,726.16. The trade was a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the sale, the chief accounting officer directly owned 1,628 shares in the company, valued at approximately $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on INTU shares. Piper Sandler increased their price target on shares of Intuit from $250.00 to $290.00 and gave the company an “underweight” rating in a research report on Wednesday, August 26th. Citigroup reduced their price objective on shares of Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Susquehanna decreased their target price on shares of Intuit from $427.00 to $415.00 and set a “positive” rating for the company in a research report on Wednesday, August 26th. Weiss Ratings restated a “sell (d+)” rating on shares of Intuit in a research note on Tuesday, September 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $385.00 price target on shares of Intuit in a report on Friday, October 2nd. Sixteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $431.55.

Intuit Stock Performance

Shares of NASDAQ:INTU traded up $0.31 on Thursday, hitting $297.55. 1,496,642 shares of the company were exchanged, compared to its average volume of 4,268,065. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $689.17. The stock’s 50 day moving average price is $322.53 and its 200 day moving average price is $334.04. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $79.52 billion, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Sell-side analysts predict that Intuit Inc. will post 23.01 EPS for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be given a $1.38 dividend. This is an increase from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Thursday, October 8th. Intuit’s payout ratio is currently 29.09%.

About Intuit

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.