Intuit Inc. $INTU is Bristol Gate Capital Partners Inc.’s 3rd Largest Position

Bristol Gate Capital Partners Inc. reduced its stake in shares of Intuit Inc. (NASDAQ:INTU) by 18.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,103 shares of the software maker’s stock after selling 26,560 shares during the period. Intuit accounts for 5.2% of Bristol Gate Capital Partners Inc.’s portfolio, making the stock its 3rd biggest holding. Bristol Gate Capital Partners Inc.’s holdings in Intuit were worth $91,447,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in Intuit by 1.2% in the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock worth $1,890,282,000 after purchasing an additional 36,513 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Intuit by 9.0% during the second quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock valued at $13,609,000 after buying an additional 1,433 shares during the last quarter. MUFG Securities EMEA plc bought a new position in shares of Intuit during the second quarter worth $1,733,000. denkapparat Operations GmbH bought a new position in shares of Intuit during the second quarter worth $830,000. Finally, New York Life Investment Management LLC grew its stake in Intuit by 1.1% during the second quarter. New York Life Investment Management LLC now owns 41,830 shares of the software maker’s stock valued at $32,947,000 after acquiring an additional 442 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on INTU shares. Zacks Research downgraded shares of Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. UBS Group decreased their target price on Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a research report on Friday, August 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a report on Wednesday, October 8th. Independent Research set a $875.00 price objective on Intuit in a report on Tuesday, November 18th. Finally, Wells Fargo & Company lowered their target price on Intuit from $880.00 to $840.00 and set an “overweight” rating for the company in a research report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and a consensus price target of $798.20.

Intuit Price Performance

Shares of Intuit stock opened at $633.94 on Friday. The stock has a market cap of $176.49 billion, a price-to-earnings ratio of 46.14, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a 50 day moving average price of $663.60 and a 200-day moving average price of $706.82. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.25. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.Intuit’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Equities analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.8%. Intuit’s payout ratio is currently 32.81%.

Insider Activity

In related news, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the sale, the chief financial officer directly owned 1,295 shares of the company’s stock, valued at $876,792.70. This represents a 47.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the sale, the director directly owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. The trade was a 2.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,836 shares of company stock worth $1,235,203 over the last quarter. 2.68% of the stock is currently owned by insiders.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.