WINTON GROUP Ltd Cuts Stake in Intuit Inc. $INTU

WINTON GROUP Ltd reduced its position in Intuit Inc. (NASDAQ:INTU) by 86.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,280 shares of the software maker’s stock after selling 20,243 shares during the quarter. WINTON GROUP Ltd’s holdings in Intuit were worth $856,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Rakuten Investment Management Inc. boosted its position in Intuit by 522.3% during the fourth quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock valued at $34,852,000 after purchasing an additional 43,389 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Intuit by 20.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock valued at $1,848,954,000 after purchasing an additional 471,451 shares during the last quarter. Vestcor Inc raised its holdings in Intuit by 79.1% in the fourth quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock worth $13,723,000 after purchasing an additional 9,148 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Intuit by 119.5% during the first quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock valued at $37,452,000 after buying an additional 47,148 shares during the last quarter. Finally, Beacon Pointe Advisors LLC purchased a new stake in shares of Intuit during the second quarter valued at about $1,643,000. 83.66% of the stock is currently owned by institutional investors.

Intuit Stock Performance

INTU opened at $339.15 on Tuesday. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $705.08. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The company has a market cap of $90.63 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 0.92 and a beta of 0.98. The firm’s 50-day moving average price is $322.27 and its 200-day moving average price is $351.88.

Intuit (NASDAQ:INTU) last released its earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. The company had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. Intuit’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period last year, the business earned $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, equities analysts anticipate that Intuit Inc. will post 23.49 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Thursday, October 8th. Intuit’s dividend payout ratio is presently 29.09%.

Insiders Place Their Bets

In related news, CAO Lauren Hotz sold 907 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the transaction, the chief accounting officer directly owned 1,628 shares of the company’s stock, valued at $564,167.12. This represents a 35.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard Dalzell sold 285 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the transaction, the director owned 11,531 shares of the company’s stock, valued at $3,751,726.16. This trade represents 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. Insiders have sold 1,476 shares of company stock worth $481,538 over the last three months. Corporate insiders own 2.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on INTU. Oppenheimer cut their price objective on shares of Intuit from $406.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 26th. Stifel Nicolaus set a $300.00 target price on shares of Intuit in a research report on Wednesday, August 26th. Wolfe Research downgraded shares of Intuit from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 26th. Mizuho cut their price target on shares of Intuit from $500.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, August 17th. Finally, Piper Sandler upped their price target on Intuit from $250.00 to $290.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 26th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Intuit currently has a consensus rating of “Hold” and an average target price of $430.97.

About Intuit

Intuit Inc is a financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, tax obligations and customer relationships. The company is headquartered in Mountain View, California, and serves customers primarily in the United States and Canada, with additional international availability for certain products.

Its principal offerings include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, invoicing, payroll and payments tools for small businesses and self-employed individuals; Credit Karma, a personal finance platform offering credit monitoring and related financial products; and Mailchimp, an email marketing and customer engagement service for businesses.

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