Ownership Capital B.V. Cuts Stock Position in Intuit Inc. $INTU

Ownership Capital B.V. lowered its position in Intuit Inc. (NASDAQ:INTU) by 89.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,074 shares of the software maker’s stock after selling 150,851 shares during the period. Intuit accounts for about 6.9% of Ownership Capital B.V.’s investment portfolio, making the stock its 5th largest holding. Ownership Capital B.V.’s holdings in Intuit were worth $12,343,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alta Advisers Ltd grew its position in shares of Intuit by 3.0% in the 3rd quarter. Alta Advisers Ltd now owns 1,368 shares of the software maker’s stock worth $934,000 after buying an additional 40 shares during the period. Kornitzer Capital Management Inc. KS increased its holdings in shares of Intuit by 41.9% during the third quarter. Kornitzer Capital Management Inc. KS now owns 5,651 shares of the software maker’s stock valued at $3,859,000 after acquiring an additional 1,668 shares in the last quarter. Clark Financial Services Group Inc. BD grew its position in Intuit by 18.2% during the 3rd quarter. Clark Financial Services Group Inc. BD now owns 650 shares of the software maker’s stock valued at $444,000 after purchasing an additional 100 shares during the last quarter. CFS Investment Advisory Services LLC raised its holdings in Intuit by 6.5% in the third quarter. CFS Investment Advisory Services LLC now owns 345 shares of the software maker’s stock worth $236,000 after buying an additional 21 shares during the last quarter. Finally, Purkiss Capital Advisors LLC grew its holdings in shares of Intuit by 4.7% during the third quarter. Purkiss Capital Advisors LLC now owns 472 shares of the software maker’s stock valued at $322,000 after buying an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the transaction, the director directly owned 13,476 shares of the company’s stock, valued at approximately $8,893,486.20. This trade represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the stock in a transaction 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 transaction, the chief executive officer owned 13,611 shares of the company’s stock, valued at $8,848,511.10. This trade represents a 75.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 388,464 shares of company stock valued at $255,514,393 over the last 90 days. Insiders own 2.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on INTU. Wells Fargo & Company reiterated an “equal weight” rating and set a $700.00 target price (down from $840.00) on shares of Intuit in a research note on Thursday, January 8th. The Goldman Sachs Group started coverage on Intuit in a report on Monday, January 12th. They issued a “neutral” rating and a $720.00 price objective for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $850.00 price target on shares of Intuit in a report on Friday, November 21st. Independent Research set a $875.00 price objective on shares of Intuit in a research report on Tuesday, November 18th. Finally, Truist Financial initiated coverage on shares of Intuit in a research report on Tuesday, January 6th. They issued a “buy” rating and a $739.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $791.73.

Intuit Stock Down 0.4%

Shares of INTU stock opened at $561.77 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. Intuit Inc. has a one year low of $520.69 and a one year high of $813.70. The company’s fifty day moving average price is $635.54 and its 200-day moving average price is $673.83. The company has a market capitalization of $156.32 billion, a price-to-earnings ratio of 38.40, a PEG ratio of 2.30 and a beta of 1.25.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping 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 firm 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 firm’s revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Sell-side analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, January 9th. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

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.