Intuit Inc. $INTU Stock Sold by Cohen Capital Management Inc.

Cohen Capital Management Inc. decreased its stake in shares of Intuit Inc. (NASDAQ:INTU) by 44.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,117 shares of the software maker’s stock after selling 4,047 shares during the period. Cohen Capital Management Inc.’s holdings in Intuit were worth $1,411,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Rakuten Investment Management Inc. grew its position in Intuit by 522.3% in the 4th quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock worth $34,852,000 after purchasing an additional 43,389 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Intuit by 119.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock valued at $37,452,000 after buying an additional 47,148 shares during the last quarter. Beacon Pointe Advisors LLC bought a new position in shares of Intuit during the 2nd quarter worth approximately $1,643,000. Brookstone Capital Management lifted its position in shares of Intuit by 45.8% during the 1st quarter. Brookstone Capital Management now owns 32,135 shares of the software maker’s stock worth $13,895,000 after buying an additional 10,089 shares in the last quarter. Finally, J. Safra Sarasin Holding AG lifted its position in shares of Intuit by 831.4% during the 1st quarter. J. Safra Sarasin Holding AG now owns 27,337 shares of the software maker’s stock worth $11,817,000 after buying an additional 24,402 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Down 1.5%

INTU opened at $301.45 on Wednesday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The stock has a market cap of $80.56 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 0.89 and a beta of 1.01. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $689.17. The company’s 50-day moving average price is $321.34 and its two-hundred day moving average price is $330.11.

Intuit (NASDAQ:INTU) last released its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the prior year, the firm earned $2.75 EPS. The company’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 expect that Intuit Inc. will post 23.01 earnings per share for the current year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be paid a $1.38 dividend. The ex-dividend date is Thursday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a yield of 1.8%. Intuit’s dividend payout ratio (DPR) is currently 33.45%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on INTU. UBS Group restated a “neutral” rating on shares of Intuit in a research note on Friday, September 18th. TD Cowen reaffirmed a “hold” rating and set a $346.00 price target on shares of Intuit in a research report on Friday, September 18th. Deutsche Bank Aktiengesellschaft dropped their price target on Intuit from $530.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, August 19th. The Goldman Sachs Group reiterated a “sell” rating on shares of Intuit in a report on Thursday, September 24th. Finally, Truist Financial reissued a “hold” rating and issued a $300.00 price objective on shares of Intuit in a research report on Friday, September 18th. Sixteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Intuit presently has an average rating of “Hold” and an average price target of $431.55.

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 285 shares of the business’s stock in a transaction 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 in the company, valued at $3,751,726.16. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.49% of the stock is currently owned by corporate insiders.

Intuit Company 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.