Intuit Inc. $INTU Shares Sold by Keybank National Association OH

Keybank National Association OH lowered its holdings in Intuit Inc. (NASDAQ:INTU) by 5.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,950 shares of the software maker’s stock after selling 3,363 shares during the period. Keybank National Association OH’s holdings in Intuit were worth $16,805,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in INTU. Legacy Wealth Managment LLC ID lifted its holdings in Intuit by 10.3% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 267 shares of the software maker’s stock worth $115,000 after buying an additional 25 shares in the last quarter. Delta Asset Management LLC TN boosted its position in Intuit by 13.2% in the 2nd quarter. Delta Asset Management LLC TN now owns 258 shares of the software maker’s stock valued at $67,000 after buying an additional 30 shares during the period. Bond & Devick Financial Network Inc. boosted its position in Intuit by 3.3% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 934 shares of the software maker’s stock valued at $258,000 after buying an additional 30 shares during the period. Glen Eagle Advisors LLC boosted its position in Intuit by 13.0% in the 1st quarter. Glen Eagle Advisors LLC now owns 278 shares of the software maker’s stock valued at $120,000 after buying an additional 32 shares during the period. Finally, Avalon Trust Co grew its stake in shares of Intuit by 18.6% in the first quarter. Avalon Trust Co now owns 217 shares of the software maker’s stock worth $94,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Lauren D. Hotz sold 907 shares of the business’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 transaction, the chief accounting officer 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard L. Dalzell sold 285 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total transaction of $92,727.60. Following the transaction, the director owned 11,531 shares of the company’s stock, valued at approximately $3,751,726.16. The trade was a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is currently owned by company insiders.

Intuit Stock Up 0.6%

INTU stock opened at $342.64 on Thursday. The company’s 50 day moving average price is $317.79 and its 200 day moving average price is $354.06. The firm has a market capitalization of $91.57 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.12 and a beta of 0.91. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $682.27. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The company had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the previous year, the firm earned $2.75 earnings per share. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, equities research analysts anticipate that Intuit Inc. will post 23.02 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Thursday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio (DPR) is 33.45%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Susquehanna cut their price objective on Intuit from $427.00 to $415.00 and set a “positive” rating on the stock in a research report on Wednesday, August 26th. Jefferies Financial Group reduced their price objective on Intuit from $550.00 to $500.00 and set a “buy” rating on the stock in a research note on Sunday, August 23rd. Oppenheimer decreased their target price on Intuit from $406.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, August 26th. Evercore reiterated an “outperform” rating on shares of Intuit in a report on Friday, September 18th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $300.00 target price on shares of Intuit in a research note on Friday, September 18th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $431.68.

Intuit Profile

Intuit Inc. develops financial management and business software for consumers, small businesses, and accounting professionals. Its products and services help users manage personal finances, prepare taxes, run businesses, handle payments, and support marketing activities. Its offerings include TurboTax for tax preparation, QuickBooks for accounting and business management, Credit Karma for personal finance, and Mailchimp for email marketing and customer engagement. Intuit serves customers in the United States and other markets around the world.