Intuit Inc. $INTU Shares Sold by SS&H Financial Advisors Inc.

SS&H Financial Advisors Inc. cut its position in shares of Intuit Inc. (NASDAQ:INTU) by 11.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,046 shares of the software maker’s stock after selling 137 shares during the quarter. SS&H Financial Advisors Inc.’s holdings in Intuit were worth $824,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in shares of Intuit by 1.2% during the 1st 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 period. Charles Schwab Investment Management Inc. grew its stake in 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. New York Life Investment Management LLC increased its holdings in Intuit by 1.1% in the 2nd quarter. New York Life Investment Management LLC now owns 41,830 shares of the software maker’s stock worth $32,947,000 after acquiring an additional 442 shares in the last quarter. Vident Advisory LLC increased its holdings in Intuit by 22.1% in the 1st quarter. Vident Advisory LLC now owns 46,940 shares of the software maker’s stock worth $28,821,000 after acquiring an additional 8,510 shares in the last quarter. Finally, Circle Wealth Management LLC raised its position in Intuit by 33.4% during the first quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker’s stock worth $2,119,000 after acquiring an additional 865 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Activity

In related news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the sale, the director owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Scott D. Cook sold 529 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the sale, the director owned 6,162,547 shares of the company’s stock, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 2,407 shares of company stock valued at $1,614,913. 2.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on INTU. KeyCorp dropped their target price 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 reiterated a “buy (b-)” rating on shares of Intuit in a report on Wednesday, October 8th. Zacks Research cut Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Barclays decreased their target price on Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Finally, Rothschild & Co Redburn lifted their price target on Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. 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 issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $791.82.

Intuit Trading Up 1.7%

Shares of Intuit stock opened at $667.55 on Friday. 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 stock’s 50 day simple moving average is $669.06 and its 200-day simple moving average is $702.52. The stock has a market cap of $186.11 billion, a P/E ratio of 48.58, a P/E/G ratio of 2.53 and a beta of 1.25. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter last year, the firm earned $1.99 earnings per share. The business’s revenue for the quarter was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, October 9th were issued a dividend of $1.20 per share. The ex-dividend date was Thursday, October 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. This is a boost from Intuit’s previous quarterly dividend of $1.04. Intuit’s 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.