Stock Yards Bank & Trust Co. Trims Holdings in Intuit Inc. $INTU

Stock Yards Bank & Trust Co. cut its holdings in Intuit Inc. (NASDAQ:INTU) by 9.1% during the second quarter, Holdings Channel reports. The institutional investor owned 3,079 shares of the software maker’s stock after selling 309 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Intuit were worth $2,425,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ascent Group LLC grew its position in shares of Intuit by 33.1% in the 2nd quarter. Ascent Group LLC now owns 2,133 shares of the software maker’s stock worth $1,680,000 after buying an additional 531 shares during the period. Creative Capital Management Investments LLC purchased a new stake in shares of Intuit in the 2nd quarter worth about $115,000. Two Point Capital Management Inc. purchased a new stake in shares of Intuit in the 2nd quarter worth about $4,334,000. Asset Advisors Investment Management LLC grew its position in shares of Intuit by 0.3% in the 2nd quarter. Asset Advisors Investment Management LLC now owns 62,170 shares of the software maker’s stock worth $48,967,000 after buying an additional 172 shares during the period. Finally, Vanderbilt University purchased a new stake in shares of Intuit in the 2nd quarter worth about $7,927,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intuit

In other news, EVP Alex G. Balazs sold 882 shares of the stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $768.43, for a total transaction of $255,887.19. Following the completion of the transaction, the director owned 15,474 shares in the company, valued at $11,890,685.82. This trade represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,785 shares of company stock worth $2,029,299 over the last quarter. Company insiders own 2.68% of the company’s stock.

Intuit Price Performance

INTU opened at $679.94 on Friday. 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 stock has a market capitalization of $189.57 billion, a P/E ratio of 49.49, a P/E/G ratio of 2.63 and a beta of 1.25. The company’s 50-day simple moving average is $700.95 and its two-hundred day simple moving average is $691.50. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be paid a $1.20 dividend. This is a boost from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit’s dividend payout ratio (DPR) is currently 30.28%.

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of recent research reports. Zacks Research downgraded shares of Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. KeyCorp cut their price objective on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a research report on Saturday, September 27th. Citigroup cut their price objective 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. Finally, Wells Fargo & Company set a $880.00 price objective on shares of Intuit and gave the company an “overweight” rating in a research report on Friday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $791.82.

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.