Gemmer Asset Management LLC Sells 25 Shares of Intuit Inc. $INTU

Gemmer Asset Management LLC lessened its stake in shares of Intuit Inc. (NASDAQ:INTU) by 6.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 368 shares of the software maker’s stock after selling 25 shares during the period. Gemmer Asset Management LLC’s holdings in Intuit were worth $290,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. KMG Fiduciary Partners LLC grew its stake in shares of Intuit by 1.8% in the second quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock worth $607,000 after purchasing an additional 14 shares during the last quarter. Pinnacle Bancorp Inc. grew its stake in shares of Intuit by 3.9% in the second quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock worth $296,000 after purchasing an additional 14 shares during the last quarter. Peloton Wealth Strategists grew its stake in shares of Intuit by 0.3% in the first 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 during the last quarter. Moody Lynn & Lieberson LLC grew its stake in shares of Intuit by 0.9% in the second quarter. Moody Lynn & Lieberson LLC now owns 1,672 shares of the software maker’s stock worth $1,317,000 after purchasing an additional 15 shares during the last quarter. Finally, Decatur Capital Management Inc. grew its stake in shares of Intuit by 0.3% in the first quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker’s stock worth $3,069,000 after purchasing an additional 16 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Analyst Ratings Changes

INTU has been the topic of a number of research analyst reports. Zacks Research cut shares of Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Citigroup cut their price target on shares of Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Morgan Stanley cut their price target on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Bank of America cut their price target on shares of Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $850.00 price target on shares of Intuit in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $791.82.

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $768.43, for a total transaction of $255,887.19. Following the completion of the transaction, the director directly owned 15,474 shares of the company’s stock, valued at $11,890,685.82. This represents a 2.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alex G. Balazs sold 882 shares of the stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total transaction of $689,397.66. The disclosure for this sale can be found here. Insiders sold 2,785 shares of company stock valued at $2,029,299 over the last quarter. 2.68% of the stock is currently owned by insiders.

Intuit Trading Down 0.3%

NASDAQ:INTU opened at $679.94 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market cap of $189.57 billion, a price-to-earnings ratio of 49.49, a price-to-earnings-growth ratio of 2.62 and a beta of 1.25. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The firm has a 50-day moving average price of $700.95 and a two-hundred day moving average price of $692.11.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share 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 firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the prior year, the firm earned $1.99 EPS. The company’s revenue was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, equities analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Intuit’s previous quarterly dividend of $1.04. Intuit’s payout ratio is currently 30.28%.

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.