Crossmark Global Holdings Inc. Has $26.64 Million Holdings in Intuit Inc. $INTU

Crossmark Global Holdings Inc. trimmed its position in Intuit Inc. (NASDAQ:INTU) by 15.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 40,221 shares of the software maker’s stock after selling 7,408 shares during the period. Crossmark Global Holdings Inc.’s holdings in Intuit were worth $26,643,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. NEOS Investment Management LLC boosted its position in Intuit by 63.8% in the third quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock valued at $82,984,000 after buying an additional 47,330 shares in the last quarter. Varma Mutual Pension Insurance Co increased its holdings in shares of Intuit by 8.7% during the third quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock worth $30,771,000 after buying an additional 3,600 shares in the last quarter. Nicholson Wealth Management Group LLC acquired a new stake in shares of Intuit during the third quarter worth approximately $1,465,000. Hantz Financial Services Inc. raised its stake in shares of Intuit by 50.3% in the third quarter. Hantz Financial Services Inc. now owns 31,871 shares of the software maker’s stock valued at $21,765,000 after acquiring an additional 10,661 shares during the last quarter. Finally, Magellan Asset Management Ltd boosted its holdings in shares of Intuit by 8.4% in the 3rd quarter. Magellan Asset Management Ltd now owns 285,052 shares of the software maker’s stock worth $194,665,000 after acquiring an additional 22,051 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Down 2.6%

NASDAQ:INTU opened at $396.31 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28. Intuit Inc. has a 12-month low of $342.11 and a 12-month high of $813.70. The stock’s fifty day simple moving average is $416.74 and its 200-day simple moving average is $532.27. The firm has a market capitalization of $109.60 billion, a P/E ratio of 25.67, a P/E/G ratio of 1.63 and a beta of 1.04.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The business had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the prior year, the company posted $3.32 earnings per share. The firm’s revenue was up 17.4% on a year-over-year basis. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Equities research analysts expect that Intuit Inc. will post 17.44 earnings per share for the current year.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 9th were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, April 9th. Intuit’s dividend payout ratio (DPR) is currently 31.09%.

Analyst Ratings Changes

INTU has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their price target on Intuit from $800.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. JPMorgan Chase & Co. cut their price objective on Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. KeyCorp decreased their target price on Intuit from $750.00 to $520.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Erste Group Bank upgraded Intuit to a “hold” rating in a research note on Monday, April 27th. Finally, Mizuho reduced their price target on shares of Intuit from $675.00 to $600.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Intuit has an average rating of “Moderate Buy” and an average price target of $636.10.

Insider Buying and Selling at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following the transaction, the director owned 13,253 shares of the company’s stock, valued at $5,836,621.20. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.49% of the stock is owned by corporate insiders.

Intuit 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.