Interchange Capital Partners LLC Cuts Stock Holdings in Intuit Inc. $INTU

Interchange Capital Partners LLC lowered its stake in shares of Intuit Inc. (NASDAQ:INTU) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 706 shares of the software maker’s stock after selling 37 shares during the quarter. Interchange Capital Partners LLC’s holdings in Intuit were worth $556,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Dogwood Wealth Management LLC increased its holdings in Intuit by 111.8% in the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after buying an additional 19 shares during the last quarter. Vista Cima Wealth Management LLC purchased a new position in Intuit in the first quarter valued at $31,000. CBIZ Investment Advisory Services LLC increased its holdings in Intuit by 1,566.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock valued at $31,000 after buying an additional 47 shares during the last quarter. LGT Financial Advisors LLC purchased a new position in Intuit in the second quarter valued at $32,000. Finally, TD Capital Management LLC increased its holdings 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 last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

Shares of INTU opened at $683.09 on Friday. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The company has a market capitalization of $190.45 billion, a price-to-earnings ratio of 49.72, a price-to-earnings-growth ratio of 2.64 and a beta of 1.25. The firm has a 50-day simple moving average of $671.78 and a 200-day simple moving average of $699.05. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the firm earned $1.99 earnings per share. The business’s quarterly revenue was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, equities research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, October 9th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. This is a positive change from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date was Thursday, October 9th. Intuit’s payout ratio is currently 34.93%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $850.00 target price on shares of Intuit in a report on Tuesday, September 2nd. BMO Capital Markets increased their target price on Intuit from $820.00 to $870.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. UBS Group dropped their price objective on Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a report on Friday, August 22nd. Citigroup dropped their price objective on Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Finally, KeyCorp dropped their price objective on Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. One investment 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 given a Sell rating to the company. Based on data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and an average price target of $791.82.

Insider Transactions at Intuit

In other news, Director Scott D. Cook sold 529 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the sale, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sandeep Aujla sold 1,170 shares of the firm’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the sale, the chief financial officer owned 1,295 shares of the company’s stock, valued at approximately $876,792.70. The trade was a 47.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,407 shares of company stock worth $1,614,913. Company insiders own 2.68% of the company’s stock.

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.