Intuit Inc. $INTU Stake Lessened by Garner Asset Management Corp

Garner Asset Management Corp lessened its stake in shares of Intuit Inc. (NASDAQ:INTU) by 6.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,350 shares of the software maker’s stock after selling 93 shares during the quarter. Garner Asset Management Corp’s holdings in Intuit were worth $1,063,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in Intuit during the 1st quarter valued at $882,031,000. Nicholas Hoffman & Company LLC. acquired a new stake in shares of Intuit in the first quarter valued at $785,564,000. Price T Rowe Associates Inc. MD boosted its stake in Intuit by 7.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock valued at $5,537,435,000 after buying an additional 649,212 shares in the last quarter. Vanguard Group Inc. grew its holdings in Intuit by 1.4% during the second quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock worth $21,823,625,000 after acquiring an additional 377,657 shares during the period. Finally, Wellington Management Group LLP raised its position in Intuit by 6.8% in the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock worth $3,472,266,000 after acquiring an additional 358,328 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

INTU has been the subject of several research reports. Wall Street Zen upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. UBS Group reduced their target price on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a report on Friday, August 22nd. Citigroup decreased their price target on shares of Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. JPMorgan Chase & Co. cut their price objective on Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $798.20.

Insider Transactions at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the transaction, the chief financial officer owned 1,295 shares of the company’s stock, valued at $876,792.70. The trade was a 47.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,836 shares of company stock valued at $1,235,203 over the last 90 days. Corporate insiders own 2.68% of the company’s stock.

Intuit Trading Down 2.9%

Intuit stock opened at $629.13 on Thursday. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market capitalization of $175.15 billion, a price-to-earnings ratio of 45.79, a P/E/G ratio of 2.53 and a beta of 1.25. The company has a 50 day moving average price of $665.60 and a 200 day moving average price of $707.22.

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

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, January 9th. Intuit’s dividend payout ratio is currently 32.81%.

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.