Frank Rimerman Advisors LLC Trims Stake in Intuit Inc. $INTU

Frank Rimerman Advisors LLC cut its position in shares of Intuit Inc. (NASDAQ:INTU) by 40.0% in the first quarter, HoldingsChannel reports. The firm owned 3,256 shares of the software maker’s stock after selling 2,169 shares during the period. Frank Rimerman Advisors LLC’s holdings in Intuit were worth $1,408,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Betterment LLC boosted its position in shares of Intuit by 2.1% in the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after purchasing an additional 16 shares during the period. Cannell & Spears LLC increased its position in Intuit by 0.4% during the third quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker’s stock worth $2,641,000 after buying an additional 16 shares during the period. Crawford Investment Counsel Inc. increased its position in Intuit by 4.7% during the third quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker’s stock worth $257,000 after buying an additional 17 shares during the period. Value Partners Investments Inc. lifted its stake in Intuit by 0.4% in the fourth quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker’s stock valued at $2,629,000 after buying an additional 17 shares during the last quarter. Finally, One Capital Management LLC lifted its stake in Intuit by 2.7% in the third quarter. One Capital Management LLC now owns 681 shares of the software maker’s stock valued at $465,000 after buying an additional 18 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit was added to several Russell value benchmarks, including the Russell 1000 Value and Russell 3000 Value, which could increase buying from value-focused index funds. Intuit (INTU) Joins Value Indexes, Is The Stock Now Cheap?
• Positive Sentiment: Several articles argued Intuit may be undervalued after a large decline, pointing to cost cuts, an $8 billion buyback, and ongoing dividends as support for the stock. Is Intuit (INTU) Still Undervalued After A 64% Drop?
• Positive Sentiment: Some analysts remain constructive, with Citi reaffirming a Buy rating and other commentary saying the bearish case may be overdone. One Analyst Sees Huge Upside In Intuit (INTU) Stock. Another Doesn’t, Here’s Why They’re Divided
• Neutral Sentiment: Intuit reported solid quarterly results earlier, beating EPS and revenue estimates and raising full-year guidance, but that good news has not fully offset broader concerns about valuation and growth durability.
• Negative Sentiment: Stifel and Goldman both cut their Intuit ratings, adding to caution around the stock’s near-term outlook. Stifel and Goldman Cut Intuit (INTU) Ratings
• Negative Sentiment: Intuit is still being weighed down by broader tech rotation out of expensive software names, along with lingering AI-disruption and TurboTax headwind concerns. monday.com, Intuit, and Health Catalyst Stocks Trade Down, What You Need To Know

Intuit Stock Up 0.5%

Shares of NASDAQ:INTU opened at $273.38 on Friday. The company has a market cap of $74.78 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.00 and a beta of 1.00. The firm’s 50-day simple moving average is $316.41 and its 200-day simple moving average is $421.13. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $0.23. The firm had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, equities research analysts predict that Intuit Inc. will post 18.19 earnings per share for the current year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s dividend payout ratio is 29.07%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on INTU shares. Citigroup lowered their target price on shares of Intuit from $649.00 to $591.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Northcoast Research reduced their price target on shares of Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Weiss Ratings cut shares of Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. TD Cowen lowered their price objective on shares of Intuit from $576.00 to $504.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Finally, Wall Street Zen cut shares of Intuit from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Twenty-two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and a consensus target price of $498.40.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 284 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the transaction, the director owned 11,758 shares in the company, valued at approximately $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 500 shares of Intuit stock in a transaction on Tuesday, May 26th. The stock was acquired at an average cost of $309.71 per share, with a total value of $154,855.00. Following the acquisition, the director owned 1,750 shares of the company’s stock, valued at $541,992.50. This trade represents a 40.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 1,239 shares of company stock valued at $348,354 over the last three months. Insiders own 2.49% of the company’s stock.

About Intuit

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.