Cumberland Partners Ltd Decreases Stock Holdings in Intuit Inc. $INTU

Cumberland Partners Ltd trimmed its stake in shares of Intuit Inc. (NASDAQ:INTU) by 30.3% in the 4th quarter, Holdings Channel reports. The firm owned 5,550 shares of the software maker’s stock after selling 2,415 shares during the period. Cumberland Partners Ltd’s holdings in Intuit were worth $3,676,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Joseph Group Capital Management purchased a new position in shares of Intuit during the fourth quarter valued at approximately $25,000. MTM Investment Management LLC grew its position in Intuit by 135.0% during the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after buying an additional 27 shares during the period. Pin Oak Investment Advisors Inc. bought a new stake in Intuit during the third quarter valued at approximately $33,000. Barnes Dennig Private Wealth Management LLC grew its position in Intuit by 54.3% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after buying an additional 19 shares during the period. Finally, Steph & Co. grew its position in Intuit by 346.2% during the fourth quarter. Steph & Co. now owns 58 shares of the software maker’s stock valued at $38,000 after buying an additional 45 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Stock Performance

INTU opened at $319.94 on Friday. The firm has a market cap of $87.52 billion, a P/E ratio of 19.38, a PEG ratio of 1.23 and a beta of 1.04. Intuit Inc. has a 1-year low of $302.36 and a 1-year high of $813.70. The company has a 50 day simple moving average of $403.55 and a two-hundred day simple moving average of $510.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.32.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The business had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Equities analysts forecast that Intuit Inc. will post 17.44 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, July 9th. Intuit’s dividend payout ratio is presently 29.07%.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported fiscal Q3 results that beat estimates on both revenue and earnings, raised full-year guidance, and highlighted strength in TurboTax, Credit Karma, QuickBooks Online, and other growth engines. Intuit’s Q3 Earnings Beat on Consumer Growth & Higher Guidance
• Positive Sentiment: Several analysts still maintained bullish ratings even after lowering price targets, suggesting Street sentiment remains constructive on Intuit’s long-term growth profile. TD Cowen Adjusts Price Target on Intuit
• Positive Sentiment: Coverage also pointed to improving customer spending and “flywheel” benefits from broader adoption across Intuit’s product suite, which supports the AI and platform expansion narrative. Intuit customers spending more as it improves experiences across brands

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director directly owned 13,253 shares in the company, valued at $5,836,621.20. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.49% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on INTU. BNP Paribas Exane cut their target price on shares of Intuit from $463.00 to $315.00 and set a “neutral” rating for the company in a research report on Thursday. Scotiabank set a $575.00 target price on shares of Intuit in a research report on Friday, March 6th. Evercore cut their target price on shares of Intuit from $540.00 to $400.00 and set an “outperform” rating for the company in a research report on Thursday. Weiss Ratings lowered shares of Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, UBS Group cut their target price on shares of Intuit from $440.00 to $360.00 and set a “neutral” rating for the company in a research report on Thursday. Twenty-four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and an average target price of $546.29.

About Intuit

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.