Intuit Inc. $INTU Stock: Liberty Capital Management Inc. Reduces Holdings

Liberty Capital Management Inc. decreased its position in Intuit Inc. (NASDAQ:INTU) by 10.9% during the third quarter, Holdings Channel reports. The firm owned 18,798 shares of the software maker’s stock after selling 2,311 shares during the quarter. Liberty Capital Management Inc.’s holdings in Intuit were worth $5,183,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Intuit in the second quarter valued at $6,851,859,000. Arrowstreet Capital Limited Partnership lifted its stake in Intuit by 102.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock worth $1,684,795,000 after acquiring an additional 1,972,719 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Intuit by 6.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,334,328 shares of the software maker’s stock worth $870,260,000 after acquiring an additional 215,814 shares in the last quarter. Unisphere Establishment lifted its stake in Intuit by 6.5% during the 1st quarter. Unisphere Establishment now owns 1,810,000 shares of the software maker’s stock worth $782,608,000 after acquiring an additional 110,000 shares in the last quarter. Finally, Amundi boosted its holdings in Intuit by 44.9% during the 1st quarter. Amundi now owns 1,563,158 shares of the software maker’s stock valued at $675,878,000 after acquiring an additional 484,602 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intuit

In other news, CAO Lauren Hotz sold 907 shares of Intuit stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the transaction, the chief accounting officer owned 1,628 shares in the company, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard Dalzell sold 285 shares of Intuit stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the transaction, the director owned 11,531 shares of the company’s stock, valued at $3,751,726.16. The trade was a 2.41% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is owned by company insiders.

Intuit Stock Down 0.5%

Shares of NASDAQ INTU opened at $354.84 on Friday. The stock has a market cap of $94.83 billion, a P/E ratio of 21.51, a PEG ratio of 1.18 and a beta of 0.91. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $682.27. The business’s fifty day simple moving average is $318.74 and its 200-day simple moving average is $358.07.

Intuit (NASDAQ:INTU) last released its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The firm had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the business posted $2.75 earnings per share. Intuit’s revenue was up 13.7% compared to the same quarter last year. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, equities analysts predict that Intuit Inc. will post 23.02 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, October 8th were given a $1.38 dividend. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $5.52 dividend on an annualized basis and a yield of 1.6%. This is an increase from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio is 33.45%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Jefferies Financial Group dropped their target price on Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a research report on Sunday, August 23rd. Piper Sandler increased their price target on shares of Intuit from $250.00 to $290.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 26th. Evercore reissued an “outperform” rating on shares of Intuit in a research note on Friday, September 18th. Bank of America lowered shares of Intuit from a “buy” rating to a “neutral” rating and set a $360.00 price objective for the company. in a research note on Wednesday, August 26th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $385.00 price objective on shares of Intuit in a report on Friday, October 2nd. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $431.55.

Intuit Profile

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company’s principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.