Intuit Inc. $INTU Shares Acquired by Diversified Trust Co

Diversified Trust Co boosted its position in Intuit Inc. (NASDAQ:INTU) by 42.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,242 shares of the software maker’s stock after purchasing an additional 3,058 shares during the quarter. Diversified Trust Co’s holdings in Intuit were worth $6,994,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of INTU. Tortoise Investment Management LLC boosted its position in shares of Intuit by 540.0% during the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after buying an additional 27 shares during the period. Westside Investment Management Inc. raised its stake in Intuit by 161.5% during the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after acquiring an additional 21 shares in the last quarter. Dogwood Wealth Management LLC boosted its position in Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after acquiring an additional 19 shares during the period. Sagard Holdings Management Inc. bought a new position in shares of Intuit in the second quarter worth $28,000. Finally, True Wealth Design LLC increased its holdings in shares of Intuit by 270.0% during the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after purchasing an additional 27 shares during the period. Institutional investors own 83.66% of the company’s stock.

Intuit Trading Down 0.4%

Intuit stock opened at $674.15 on Tuesday. The firm has a market cap 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. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The firm’s 50 day moving average price is $660.20 and its two-hundred day moving average price is $697.34. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. The business had revenue of $3.87 billion for 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 company’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, research analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

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

Insider Activity

In other Intuit news, Director Scott D. Cook sold 74,095 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $655.78, for a total transaction of $48,590,019.10. Following the sale, the director directly owned 5,819,584 shares of the company’s stock, valued at $3,816,366,795.52. The trade was a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 1,098 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $675.00, for a total value of $741,150.00. Following the completion of the sale, the chief financial officer directly owned 197 shares of the company’s stock, valued at approximately $132,975. This represents a 84.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 270,897 shares of company stock worth $177,368,310 over the last 90 days. 2.49% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wolfe Research reduced 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. Royal Bank Of Canada reiterated an “outperform” rating and issued a $850.00 price objective on shares of Intuit in a report on Friday, November 21st. Rothschild & Co Redburn raised their price objective on shares of Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Finally, Wells Fargo & Company lowered their price target on Intuit from $880.00 to $840.00 and set an “overweight” rating on the stock in a research report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and a consensus 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.