Federated Hermes Inc. Reduces Holdings in Intuit Inc. $INTU

Federated Hermes Inc. lowered its position in shares of Intuit Inc. (NASDAQ:INTU) by 37.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,874 shares of the software maker’s stock after selling 14,799 shares during the period. Federated Hermes Inc.’s holdings in Intuit were worth $19,592,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Intuit by 1.4% in the second quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock valued at $21,823,625,000 after purchasing an additional 377,657 shares during the period. Price T Rowe Associates Inc. MD increased its position in Intuit by 7.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock worth $5,537,435,000 after purchasing an additional 649,212 shares during the period. Geode Capital Management LLC raised its position in Intuit by 1.8% in the second quarter. Geode Capital Management LLC now owns 6,423,636 shares of the software maker’s stock worth $5,042,107,000 after acquiring an additional 115,721 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after purchasing an additional 358,328 shares in the last quarter. Finally, Norges Bank acquired a new position in Intuit during the second quarter worth about $3,268,830,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the transaction, the director owned 14,475 shares of the company’s stock, valued at $9,570,146.25. This represents a 2.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Sandeep Aujla sold 1,170 shares of the firm’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the sale, the chief financial officer directly owned 1,295 shares in the company, valued at approximately $876,792.70. The trade was a 47.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 120,371 shares of company stock worth $78,406,952. Insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on INTU. Bank of America lowered their price target on Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Morgan Stanley lowered their target price on Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Evercore ISI reiterated an “outperform” rating and issued a $875.00 price objective on shares of Intuit in a research report on Tuesday, November 18th. Finally, Independent Research set a $875.00 price objective on shares of Intuit in a research note on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $798.20.

Intuit Stock Down 0.1%

INTU opened at $655.75 on Wednesday. The firm has a market cap of $182.48 billion, a P/E ratio of 44.82, a PEG ratio of 2.69 and a beta of 1.27. The business’s fifty day simple moving average is $657.58 and its 200 day simple moving average is $706.11. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU) last announced its 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 firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, equities research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, January 9th. Intuit’s payout ratio is presently 32.81%.

Intuit Profile

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.