Copeland Capital Management LLC Has $15.70 Million Stock Holdings in Intuit Inc. $INTU

Copeland Capital Management LLC decreased its stake in Intuit Inc. (NASDAQ:INTU) by 4.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,982 shares of the software maker’s stock after selling 1,100 shares during the quarter. Copeland Capital Management LLC’s holdings in Intuit were worth $15,696,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of INTU. Norges Bank acquired a new stake in Intuit during the second quarter valued at $3,268,830,000. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Intuit during the 1st quarter worth about $785,564,000. Winslow Capital Management LLC acquired a new stake in shares of Intuit during the 2nd quarter valued at about $782,677,000. Swedbank AB lifted its holdings in shares of Intuit by 575.4% during the 3rd quarter. Swedbank AB now owns 881,555 shares of the software maker’s stock valued at $602,023,000 after buying an additional 751,027 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Intuit by 13.2% in the 2nd quarter. Invesco Ltd. now owns 3,485,764 shares of the software maker’s stock valued at $2,745,492,000 after buying an additional 407,078 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Down 0.4%

INTU stock opened at $674.15 on Tuesday. The stock has a market capitalization of $187.60 billion, a price-to-earnings ratio of 46.08, a price-to-earnings-growth ratio of 2.77 and a beta of 1.27. The company has a 50-day moving average of $660.20 and a two-hundred day moving average of $697.34. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.25. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The firm’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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 year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be given 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 yield of 0.7%. Intuit’s payout ratio is 32.81%.

Insider Activity at Intuit

In other Intuit news, Director Scott D. Cook sold 75,000 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $658.84, for a total value of $49,413,000.00. Following the completion of the sale, the director directly owned 5,893,679 shares of the company’s stock, valued at $3,882,991,472.36. This represents a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the sale, the director owned 13,476 shares in the company, valued at $8,893,486.20. This represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 270,897 shares of company stock worth $177,368,310 in the last ninety days. 2.49% of the stock is currently owned by insiders.

Analysts Set New Price Targets

INTU has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of Intuit from $880.00 to $840.00 and set an “overweight” rating for the company in a research report on Friday, November 21st. Wolfe Research decreased their price objective on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a report on Monday, December 15th. BMO Capital Markets cut their target price on Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a report on Friday, November 21st. Evercore ISI reaffirmed an “outperform” rating and issued a $875.00 price target on shares of Intuit in a research report on Tuesday, November 18th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $796.60.

Intuit 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.