Investment House LLC Cuts Holdings in Intuit Inc. $INTU

Investment House LLC cut its stake in shares of Intuit Inc. (NASDAQ:INTU) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,330 shares of the software maker’s stock after selling 1,443 shares during the quarter. Intuit makes up 2.5% of Investment House LLC’s portfolio, making the stock its 8th largest holding. Investment House LLC’s holdings in Intuit were worth $52,810,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its position in Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after purchasing an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after purchasing an additional 482 shares during the last quarter. Nicholas Hoffman & Company LLC. acquired a new stake in shares of Intuit in the first quarter valued at approximately $785,564,000. Sivia Capital Partners LLC increased its stake in shares of Intuit by 23.1% in the second quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock valued at $698,000 after purchasing an additional 166 shares during the period. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in shares of Intuit during the second quarter valued at approximately $277,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Stock Up 3.0%

INTU opened at $563.97 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $156.94 billion, a PE ratio of 38.55, a P/E/G ratio of 2.30 and a beta of 1.25. The stock’s fifty day moving average is $637.23 and its 200-day moving average is $675.80. Intuit Inc. has a one year low of $520.69 and a one year high of $813.70.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter last year, the business posted $2.50 earnings per share. The company’s quarterly revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, equities analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 9th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, January 9th. Intuit’s payout ratio is presently 32.81%.

Insider Buying and Selling at Intuit

In related news, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the sale, the chief executive officer directly owned 13,611 shares in the company, valued at approximately $8,848,511.10. This trade represents a 75.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Scott D. Cook sold 1,402 shares of Intuit stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total transaction of $936,564.04. Following the completion of the transaction, the director owned 5,668,182 shares in the company, valued at approximately $3,786,458,939.64. This trade represents a 0.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 388,464 shares of company stock valued at $255,514,393 in the last ninety days. Company insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on INTU. Independent Research set a $875.00 price objective on Intuit in a report on Tuesday, November 18th. Wolfe Research reduced their price target on Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. BMO Capital Markets decreased their price target on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Evercore ISI reissued an “outperform” rating and set a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. Finally, KeyCorp cut their price objective on shares of Intuit from $825.00 to $750.00 and set an “overweight” rating on the stock in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $791.73.

Intuit Company Profile

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.