Intuit Inc. $INTU Shares Sold by Cypress Capital Group

Cypress Capital Group reduced its stake in shares of Intuit Inc. (NASDAQ:INTU) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,423 shares of the software maker’s stock after selling 117 shares during the period. Cypress Capital Group’s holdings in Intuit were worth $5,059,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Libra Wealth LLC boosted its holdings in shares of Intuit by 4.8% during the 2nd quarter. Libra Wealth LLC now owns 573 shares of the software maker’s stock worth $451,000 after purchasing an additional 26 shares during the last quarter. CWM LLC boosted its holdings in shares of Intuit by 35.7% during the 2nd quarter. CWM LLC now owns 25,916 shares of the software maker’s stock worth $20,412,000 after purchasing an additional 6,822 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Intuit by 31.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 43,639 shares of the software maker’s stock worth $34,382,000 after purchasing an additional 10,528 shares during the last quarter. Oak Ridge Investments LLC boosted its holdings in shares of Intuit by 1.5% during the 2nd quarter. Oak Ridge Investments LLC now owns 15,888 shares of the software maker’s stock worth $12,514,000 after purchasing an additional 230 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of Intuit by 6.6% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 5,585 shares of the software maker’s stock worth $4,399,000 after purchasing an additional 348 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction 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 sale, the director owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. 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 the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the sale, the director directly owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,407 shares of company stock worth $1,614,913 over the last ninety days. Corporate insiders own 2.68% of the company’s stock.

Intuit Stock Down 0.5%

NASDAQ:INTU opened at $641.79 on Monday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock’s fifty day moving average is $686.93 and its two-hundred day moving average is $694.20. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The stock has a market capitalization of $178.93 billion, a price-to-earnings ratio of 46.71, a price-to-earnings-growth ratio of 2.48 and a beta of 1.25.

Intuit (NASDAQ:INTU) last released its quarterly 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. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the prior year, the firm earned $1.99 earnings per share. The firm’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. Research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. Intuit’s payout ratio is currently 34.93%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Morgan Stanley lowered their target price on Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intuit in a report on Wednesday, October 8th. Bank of America decreased their price objective on Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. UBS Group decreased their price objective on Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a report on Friday, August 22nd. Finally, Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $791.82.

About Intuit

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.