3,421 Intuit Inc. $INTU Shares Sold by Bath Savings Trust Co

Bath Savings Trust Co trimmed its holdings in Intuit Inc. (NASDAQ:INTU) by 7.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,676 shares of the software maker’s stock after selling 3,421 shares during the quarter. Intuit comprises about 1.3% of Bath Savings Trust Co’s portfolio, making the stock its 21st biggest position. Bath Savings Trust Co’s holdings in Intuit were worth $12,318,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Investors Research Corp grew its position in shares of Intuit by 5.1% during the 3rd quarter. Investors Research Corp now owns 1,132 shares of the software maker’s stock worth $312,000 after buying an additional 55 shares during the period. Wealth Enhancement Trust Services Inc. increased its stake in shares of Intuit by 2.7% in the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 6,520 shares of the software maker’s stock valued at $1,798,000 after acquiring an additional 172 shares in the last quarter. PFW Advisors LLC acquired a new position in shares of Intuit during the 3rd quarter valued at $479,000. Ridgewood Investments LLC lifted its position in shares of Intuit by 6.8% during the 3rd quarter. Ridgewood Investments LLC now owns 3,013 shares of the software maker’s stock valued at $831,000 after acquiring an additional 193 shares during the period. Finally, Baker Tilly Wealth Management LLC boosted its stake in Intuit by 14.0% during the third quarter. Baker Tilly Wealth Management LLC now owns 1,049 shares of the software maker’s stock worth $289,000 after acquiring an additional 129 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Up 2.6%

INTU stock traded up $7.43 during midday trading on Wednesday, reaching $297.24. 3,519,048 shares of the company’s stock traded hands, compared to its average volume of 4,283,032. The company has a market cap of $79.43 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 0.83 and a beta of 1.01. The firm’s fifty day moving average price is $323.25 and its 200-day moving average price is $335.16. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $689.17.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the prior year, the company posted $2.75 earnings per share. The business’s revenue was up 13.7% on a year-over-year basis. 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, sell-side analysts forecast that Intuit Inc. will post 23.01 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $1.20. Intuit’s payout ratio is 33.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on INTU shares. UBS Group restated a “neutral” rating on shares of Intuit in a report on Friday, September 18th. TD Cowen reiterated a “hold” rating and set a $346.00 price objective on shares of Intuit in a report on Friday, September 18th. Weiss Ratings reissued a “sell (d+)” rating on shares of Intuit in a research report on Tuesday, September 8th. Wolfe Research downgraded Intuit from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 26th. Finally, Mizuho reaffirmed an “outperform” rating and issued a $430.00 target price on shares of Intuit in a research report on Friday, September 18th. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $431.55.

Insider Activity

In other Intuit 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 transaction 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. The trade was a 35.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Dalzell sold 285 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the sale, the director directly owned 11,531 shares of the company’s stock, valued at $3,751,726.16. This represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is currently owned by company insiders.

Intuit Profile

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.