Worth Asset Management LLC Trims Stake in Intuit Inc. $INTU

Worth Asset Management LLC lessened its holdings in Intuit Inc. (NASDAQ:INTU) by 81.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 329 shares of the software maker’s stock after selling 1,473 shares during the period. Worth Asset Management LLC’s holdings in Intuit were worth $225,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in INTU. Tortoise Investment Management LLC boosted its position in shares of Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after acquiring an additional 27 shares during the last quarter. Westside Investment Management Inc. raised its stake in Intuit by 161.5% in the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after purchasing an additional 21 shares in the last quarter. Dogwood Wealth Management LLC lifted its position in Intuit by 111.8% during the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after purchasing an additional 19 shares during the last quarter. Sagard Holdings Management Inc. purchased a new position in Intuit in the 2nd quarter worth approximately $28,000. Finally, True Wealth Design LLC increased its holdings in shares of Intuit by 270.0% in the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after buying an additional 27 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the sale, the director directly owned 13,476 shares of the company’s stock, valued at $8,893,486.20. This trade represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Scott D. Cook sold 74,095 shares of Intuit stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $655.78, for a total value of $48,590,019.10. Following the completion of the sale, the director owned 5,819,584 shares in the company, valued at approximately $3,816,366,795.52. This represents a 1.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 270,897 shares of company stock worth $177,368,310. Company insiders own 2.49% of the company’s stock.

Intuit Trading Up 0.3%

NASDAQ INTU opened at $676.55 on Monday. The firm has a market cap of $188.26 billion, a PE ratio of 46.24, a price-to-earnings-growth ratio of 2.77 and a beta of 1.27. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The stock has a 50-day moving average of $660.01 and a 200-day moving average of $697.99. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the company earned $2.50 EPS. Intuit’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, sell-side analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on INTU. Evercore ISI reiterated an “outperform” rating and issued a $875.00 target price on shares of Intuit in a research report on Tuesday, November 18th. Daiwa Capital Markets lifted their price target on Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Independent Research set a $875.00 price objective on Intuit in a research report on Tuesday, November 18th. Wolfe Research dropped their target price on Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Finally, Rothschild & Co Redburn upped their target price on Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-three have given 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $796.60.

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.