CPC Advisors LLC Cuts Stock Holdings in Intuit Inc. $INTU

CPC Advisors LLC decreased its stake in shares of Intuit Inc. (NASDAQ:INTU) by 80.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 487 shares of the software maker’s stock after selling 2,007 shares during the period. CPC Advisors LLC’s holdings in Intuit were worth $323,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. NEOS Investment Management LLC boosted its position in shares of Intuit by 63.8% during 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 during the last quarter. Varma Mutual Pension Insurance Co boosted its position in Intuit by 8.7% in the third quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock worth $30,771,000 after purchasing an additional 3,600 shares during the last quarter. Nicholson Wealth Management Group LLC purchased a new position in Intuit in the third quarter worth $1,465,000. Crossmark Global Holdings Inc. boosted its position in Intuit by 15.8% in the third quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker’s stock worth $32,526,000 after purchasing an additional 6,503 shares during the last quarter. Finally, Magellan Asset Management Ltd boosted its position in Intuit by 8.4% in the third quarter. Magellan Asset Management Ltd now owns 285,052 shares of the software maker’s stock worth $194,665,000 after purchasing an additional 22,051 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was 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 represents a 2.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.49% of the stock is owned by corporate insiders.

Intuit Stock Up 0.9%

Shares of NASDAQ INTU opened at $408.68 on Thursday. Intuit Inc. has a one year low of $342.11 and a one year high of $813.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. The business’s fifty day moving average price is $414.72 and its 200-day moving average price is $549.53. The stock has a market capitalization of $113.02 billion, a PE ratio of 26.47, a P/E/G ratio of 1.63 and a beta of 1.21.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results 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 firm had revenue of $4.65 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the prior year, the firm earned $3.32 EPS. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. On average, equities research analysts anticipate that Intuit Inc. will post 17.44 EPS for the current year.

Intuit Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Stifel Nicolaus cut their price objective on Intuit from $800.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Northcoast Research raised Intuit from a “neutral” rating to a “buy” rating and set a $575.00 price objective on the stock in a research report on Friday, March 6th. TD Cowen reissued a “buy” rating on shares of Intuit in a research report on Monday, March 16th. Royal Bank Of Canada cut their price objective on Intuit from $850.00 to $600.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Finally, Susquehanna cut their price objective on Intuit from $819.00 to $720.00 and set a “positive” rating on the stock in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $636.10.

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.