Congress Asset Management Co. Sells 14,021 Shares of Intuit Inc. $INTU

Congress Asset Management Co. reduced its stake in shares of Intuit Inc. (NASDAQ:INTU) by 81.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,229 shares of the software maker’s stock after selling 14,021 shares during the period. Congress Asset Management Co.’s holdings in Intuit were worth $2,543,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vista Cima Wealth Management LLC acquired a new stake in shares of Intuit in the 1st quarter valued at $31,000. CBIZ Investment Advisory Services LLC increased its position in shares of Intuit by 1,566.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock worth $31,000 after buying an additional 47 shares during the period. TD Capital Management LLC lifted its stake in Intuit by 511.1% in the first quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock valued at $34,000 after buying an additional 46 shares during the period. Olde Wealth Management LLC acquired a new position in shares of Intuit during the 1st quarter valued at $37,000. Finally, Banque Transatlantique SA bought a new position in shares of Intuit during the 1st quarter worth about $37,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $768.43, for a total value of $255,887.19. Following the sale, the director owned 15,474 shares in the company, valued at $11,890,685.82. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Alex G. Balazs sold 882 shares of the business’s stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total transaction of $689,397.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,141 shares of company stock valued at $6,195,865. Company insiders own 2.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on INTU shares. Barclays decreased their target price on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Morgan Stanley lowered their price target on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $850.00 price objective on shares of Intuit in a report on Tuesday, September 2nd. CLSA assumed coverage on shares of Intuit in a research report on Thursday, June 26th. They set an “outperform” rating and a $900.00 target price for the company. Finally, Citigroup lowered 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. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Intuit has an average rating of “Moderate Buy” and an average price target of $791.82.

Intuit Price Performance

INTU stock opened at $698.26 on Friday. The firm has a 50 day simple moving average of $710.05 and a two-hundred day simple moving average of $689.09. The stock has a market cap of $194.67 billion, a PE ratio of 50.82, a P/E/G ratio of 2.69 and a beta of 1.26. Intuit Inc. has a one year low of $532.65 and a one 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 announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company’s revenue was up 20.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal 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 issued a $1.20 dividend. This is a boost from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit’s payout ratio is 30.28%.

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.