Intuit Inc. $INTU Shares Sold by RiverPark Advisors LLC

RiverPark Advisors LLC trimmed its holdings in Intuit Inc. (NASDAQ:INTU) by 15.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,030 shares of the software maker’s stock after selling 378 shares during the period. RiverPark Advisors LLC’s holdings in Intuit were worth $1,599,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Invesco Ltd. lifted its position in Intuit by 1.2% in the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock valued at $1,890,282,000 after buying an additional 36,513 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Intuit by 9.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock valued at $13,609,000 after acquiring an additional 1,433 shares during the period. MUFG Securities EMEA plc purchased a new position in shares of Intuit during the 2nd quarter worth approximately $1,733,000. denkapparat Operations GmbH acquired a new stake in Intuit in the 2nd quarter valued at approximately $830,000. Finally, New York Life Investment Management LLC raised its position in Intuit by 1.1% in the second quarter. New York Life Investment Management LLC now owns 41,830 shares of the software maker’s stock valued at $32,947,000 after purchasing an additional 442 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Stock Down 0.8%

Shares of NASDAQ INTU opened at $648.07 on Wednesday. The business has a 50-day moving average of $666.27 and a two-hundred day moving average of $707.77. The company has a market capitalization of $180.69 billion, a price-to-earnings ratio of 47.17, a price-to-earnings-growth 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. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.25. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the company earned $2.50 EPS. The business’s quarterly revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be given a $1.20 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit’s dividend payout ratio is 32.81%.

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. BMO Capital Markets dropped their price objective on shares of Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a report on Friday. Evercore ISI reaffirmed an “outperform” rating and set a $875.00 target price on shares of Intuit in a research note on Tuesday, November 18th. Wolfe Research decreased their price target on shares of Intuit from $900.00 to $870.00 in a research report on Friday, November 21st. Finally, Stifel Nicolaus cut their price objective on Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and an average target price of $798.13.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the firm’s 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 transaction, the director owned 14,475 shares in the company, valued at $9,570,146.25. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the sale, the chief financial officer owned 1,295 shares of the company’s stock, valued at approximately $876,792.70. This represents a 47.46% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,836 shares of company stock valued at $1,235,203. Insiders own 2.68% of the company’s stock.

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.