Conning Inc. Sells 1,147 Shares of Intuit Inc. $INTU

Conning Inc. lowered its position in Intuit Inc. (NASDAQ:INTU) by 13.0% in the second quarter, Holdings Channel.com reports. The fund owned 7,673 shares of the software maker’s stock after selling 1,147 shares during the period. Conning Inc.’s holdings in Intuit were worth $6,043,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Trust Co. of Toledo NA OH acquired a new position in shares of Intuit in the 2nd quarter worth approximately $365,000. Drucker Wealth 3.0 LLC acquired a new position in shares of Intuit in the 2nd quarter worth approximately $291,000. Aberdeen Group plc raised its holdings in shares of Intuit by 8.8% in the 2nd quarter. Aberdeen Group plc now owns 231,319 shares of the software maker’s stock worth $182,050,000 after buying an additional 18,763 shares in the last quarter. Brucke Financial Inc. raised its holdings in shares of Intuit by 14.6% in the 2nd quarter. Brucke Financial Inc. now owns 823 shares of the software maker’s stock worth $648,000 after buying an additional 105 shares in the last quarter. Finally, PDS Planning Inc raised its holdings in shares of Intuit by 23.4% in the 2nd quarter. PDS Planning Inc now owns 1,685 shares of the software maker’s stock worth $1,327,000 after buying an additional 320 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the transaction, the director directly owned 14,475 shares in the company, valued at $9,570,146.25. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Scott D. Cook sold 529 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the completion of the transaction, the director owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,407 shares of company stock worth $1,614,913. Insiders own 2.68% of the company’s stock.

Intuit Stock Down 0.5%

Shares of INTU opened at $641.79 on Friday. The firm has a market capitalization of $178.93 billion, a price-to-earnings ratio of 46.71, a PEG ratio of 2.49 and a beta of 1.25. 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 business’s fifty day moving average price is $686.93 and its two-hundred day moving average price is $693.10. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating analysts’ consensus estimates 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 business’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period last 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 earnings per share for the current year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. This is a positive change from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio is 34.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on INTU shares. Barclays dropped their target price on Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. CLSA began coverage on Intuit in a report on Thursday, June 26th. They set an “outperform” rating and a $900.00 price target for the company. UBS Group dropped their price target on Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a report on Friday, August 22nd. KeyCorp dropped their price target on Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Finally, BMO Capital Markets raised their price target on Intuit from $820.00 to $870.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $791.82.

About Intuit

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.