Neuberger Berman Group LLC Has $481.71 Million Stake in Intuit Inc. $INTU

Neuberger Berman Group LLC reduced its holdings in Intuit Inc. (NASDAQ:INTU) by 4.9% in the 2nd quarter, Holdings Channel reports. The fund owned 611,769 shares of the software maker’s stock after selling 31,266 shares during the quarter. Neuberger Berman Group LLC’s holdings in Intuit were worth $481,709,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of INTU. Brighton Jones LLC lifted its stake in Intuit by 61.3% in the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after buying an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after acquiring an additional 482 shares during the period. Nicholas Hoffman & Company LLC. acquired a new stake in shares of Intuit during the first quarter worth $785,564,000. Vestcor Inc lifted its position in Intuit by 4.7% in the 1st quarter. Vestcor Inc now owns 5,410 shares of the software maker’s stock valued at $3,322,000 after acquiring an additional 241 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its stake in shares of Intuit by 1.0% in the 1st quarter. Arkadios Wealth Advisors now owns 2,018 shares of the software maker’s stock valued at $1,239,000 after purchasing an additional 20 shares during the period. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Performance

Shares of INTU opened at $629.13 on Friday. The firm has a 50-day moving average of $664.68 and a 200-day moving average of $706.67. The company has a market cap of $175.15 billion, a PE ratio of 45.79, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25. 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 Inc. has a one year low of $532.65 and a one year high of $813.70.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, November 20th. The software maker reported $3.34 EPS 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 company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the company posted $2.50 EPS. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, equities analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders 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 annualized dividend and a dividend yield of 0.8%. Intuit’s dividend payout ratio is presently 32.81%.

Analyst Ratings Changes

Several research firms have recently weighed in on INTU. Citigroup reduced their price objective on Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Zacks Research cut shares of Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Bank of America lowered their price target on shares of Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. JPMorgan Chase & Co. cut their price target on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Finally, Wolfe Research reduced their price objective on shares of Intuit from $900.00 to $870.00 in a research note on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $798.20.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 333 shares of Intuit 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 approximately $9,570,146.25. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of the company’s stock in a transaction 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 transaction, the chief financial officer directly owned 1,295 shares in the company, valued at approximately $876,792.70. This represents a 47.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,836 shares of company stock worth $1,235,203. 2.68% of the stock is owned by corporate insiders.

Intuit Company 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.