Guinness Atkinson Asset Management Inc Has $7.56 Million Holdings in Intuit Inc. $INTU

Guinness Atkinson Asset Management Inc lowered its stake in Intuit Inc. (NASDAQ:INTU) by 7.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,600 shares of the software maker’s stock after selling 758 shares during the quarter. Intuit makes up approximately 4.0% of Guinness Atkinson Asset Management Inc’s investment portfolio, making the stock its 7th largest position. Guinness Atkinson Asset Management Inc’s holdings in Intuit were worth $7,561,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Invesco Ltd. increased its holdings in 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 buying an additional 36,513 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Intuit by 4.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker’s stock valued at $1,130,718,000 after acquiring an additional 82,419 shares during the period. Vident Advisory LLC increased its stake in shares of Intuit by 22.1% during the 1st quarter. Vident Advisory LLC now owns 46,940 shares of the software maker’s stock worth $28,821,000 after purchasing an additional 8,510 shares during the last quarter. Circle Wealth Management LLC raised its holdings in shares of Intuit by 33.4% in the 1st quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker’s stock valued at $2,119,000 after purchasing an additional 865 shares during the period. Finally, Pinnacle Financial Partners Inc lifted its stake in Intuit by 3.6% in the 1st quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker’s stock valued at $10,922,000 after purchasing an additional 623 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of recent analyst reports. Wall Street Zen raised Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Morgan Stanley decreased their target price on Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Oppenheimer raised their price target on Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a report on Monday, July 28th. JPMorgan Chase & Co. reduced their price objective on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Finally, BMO Capital Markets increased their price objective on shares of Intuit from $820.00 to $870.00 and gave the company an “outperform” rating in a research 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 given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and an average price target of $791.82.

Insiders Place Their Bets

In other news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the transaction, the director directly owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction that occurred on 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,407 shares of company stock worth $1,614,913 in the last quarter. Corporate insiders own 2.68% of the company’s stock.

Intuit Stock Performance

INTU opened at $683.09 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The business has a fifty day simple moving average of $671.78 and a 200 day simple moving average of $699.77. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The company has a market capitalization of $190.45 billion, a PE ratio of 49.72, a price-to-earnings-growth ratio of 2.64 and a beta of 1.25.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data 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 return on equity of 22.72% and a net margin of 20.55%.The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter last year, the business earned $1.99 EPS. The company’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. Research analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

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

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.