DSM Capital Partners LLC Sells 22,559 Shares of Intuit Inc. $INTU

DSM Capital Partners LLC lowered its position in Intuit Inc. (NASDAQ:INTU) by 4.7% during the second quarter, Holdings Channel.com reports. The fund owned 455,875 shares of the software maker’s stock after selling 22,559 shares during the quarter. Intuit accounts for 5.3% of DSM Capital Partners LLC’s holdings, making the stock its 7th largest holding. DSM Capital Partners LLC’s holdings in Intuit were worth $359,061,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Intuit by 1.1% in the first quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker’s stock valued at $16,780,536,000 after acquiring an additional 294,993 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Intuit by 7.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock worth $5,537,435,000 after purchasing an additional 649,212 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Intuit by 6.8% during the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock worth $3,472,266,000 after purchasing an additional 358,328 shares in the last quarter. Brown Advisory Inc. lifted its stake in shares of Intuit by 7.9% during the first quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker’s stock worth $2,114,950,000 after purchasing an additional 252,265 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Intuit by 1.2% during the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock worth $1,890,282,000 after purchasing an additional 36,513 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wall Street Zen cut Intuit from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Rothschild & Co Redburn boosted their price objective on Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a research note on Wednesday. KeyCorp reduced their price objective on Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Finally, CLSA began coverage on Intuit in a research note on Thursday, June 26th. They issued an “outperform” rating and a $900.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $791.82.

Insider Activity at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the sale, the director directly owned 14,475 shares of the company’s stock, valued at $9,570,146.25. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sandeep Aujla sold 1,170 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 1,295 shares of the company’s stock, valued at $876,792.70. This trade represents a 47.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,407 shares of company stock valued at $1,614,913 over the last three months. 2.68% of the stock is owned by insiders.

Intuit Stock Down 0.5%

Shares of Intuit stock opened at $641.79 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The firm has a market cap of $178.93 billion, a P/E ratio of 46.71, a P/E/G ratio of 2.49 and a beta of 1.25. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The business has a 50-day moving average price of $686.93 and a 200 day moving average price of $693.10.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion during 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%.Intuit’s quarterly revenue was up 20.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.99 earnings per share. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, sell-side analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

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

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.