Intuit Inc. $INTU Shares Sold by Cornerstone Advisors LLC

Cornerstone Advisors LLC reduced its position in shares of Intuit Inc. (NASDAQ:INTU) by 14.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,700 shares of the software maker’s stock after selling 1,800 shares during the period. Cornerstone Advisors LLC’s holdings in Intuit were worth $8,428,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Citizens Financial Group Inc. RI lifted its position in Intuit by 12.7% during the second quarter. Citizens Financial Group Inc. RI now owns 15,715 shares of the software maker’s stock worth $12,377,000 after buying an additional 1,765 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Intuit by 7.5% during the 2nd quarter. Avantax Advisory Services Inc. now owns 27,759 shares of the software maker’s stock worth $21,864,000 after acquiring an additional 1,930 shares during the period. Intech Investment Management LLC boosted its position in shares of Intuit by 3.1% during the 2nd quarter. Intech Investment Management LLC now owns 7,697 shares of the software maker’s stock valued at $6,062,000 after acquiring an additional 235 shares during the last quarter. WealthTrust Asset Management LLC purchased a new stake in shares of Intuit in the second quarter valued at about $202,000. Finally, Cetera Investment Advisers grew its holdings in shares of Intuit by 6.2% in the second quarter. Cetera Investment Advisers now owns 43,830 shares of the software maker’s stock valued at $34,521,000 after purchasing an additional 2,541 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

INTU stock opened at $662.41 on Friday. The business’s 50-day moving average is $667.47 and its two-hundred day moving average is $706.62. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market capitalization of $184.68 billion, a P/E ratio of 48.21, a P/E/G ratio of 2.53 and a beta of 1.25. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company’s revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.99 earnings per share. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, October 9th were issued a $1.20 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This is an increase from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit’s dividend payout ratio is currently 34.93%.

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was 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. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the transaction, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. 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. Insiders own 2.68% of the company’s stock.

Analysts Set New Price Targets

INTU has been the topic of several analyst reports. Wall Street Zen raised shares of Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Stifel Nicolaus reduced their target price on Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. UBS Group cut their price objective on Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a research report on Friday, August 22nd. Finally, KeyCorp reduced their price objective on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $791.82.

Intuit 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.