Intuit Inc. $INTU Holdings Lessened by Bey Douglas LLC

Bey Douglas LLC lowered its stake in Intuit Inc. (NASDAQ:INTU) by 24.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,137 shares of the software maker’s stock after selling 3,270 shares during the period. Intuit makes up approximately 5.1% of Bey Douglas LLC’s investment portfolio, making the stock its 6th biggest position. Bey Douglas LLC’s holdings in Intuit were worth $6,922,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in Intuit in the second quarter worth $3,268,830,000. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Intuit in the first quarter valued at $785,564,000. Winslow Capital Management LLC bought a new stake in shares of Intuit in the 2nd quarter worth about $782,677,000. Swedbank AB boosted its stake in shares of Intuit by 575.4% during the 3rd quarter. Swedbank AB now owns 881,555 shares of the software maker’s stock worth $602,023,000 after purchasing an additional 751,027 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Intuit by 520.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 558,499 shares of the software maker’s stock valued at $381,405,000 after purchasing an additional 468,547 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on INTU. TD Cowen initiated coverage on shares of Intuit in a research note on Thursday, January 8th. They issued a “buy” rating and a $802.00 price objective for the company. Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a report on Wednesday, October 8th. Evercore ISI reiterated an “outperform” rating and issued a $875.00 target price on shares of Intuit in a research note on Tuesday, November 18th. The Goldman Sachs Group assumed coverage on Intuit in a research report on Monday, January 12th. They set a “neutral” rating and a $720.00 target price for the company. Finally, Truist Financial assumed coverage on shares of Intuit in a report on Tuesday, January 6th. They issued a “buy” rating and a $739.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $794.62.

Insider Buying and Selling

In other Intuit news, Director Scott D. Cook sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $673.43, for a total value of $50,507,250.00. Following the sale, the director owned 5,669,584 shares in the company, valued at approximately $3,818,067,953.12. This represents a 1.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the transaction, the director directly owned 13,476 shares of the company’s stock, valued at approximately $8,893,486.20. This trade represents a 2.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 388,464 shares of company stock valued at $255,514,393. Insiders own 2.49% of the company’s stock.

Intuit Stock Performance

INTU opened at $524.92 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. Intuit Inc. has a 12-month low of $520.69 and a 12-month high of $813.70. The firm has a 50 day moving average of $641.24 and a two-hundred day moving average of $678.97. The firm has a market capitalization of $146.07 billion, a PE ratio of 35.88, a P/E/G ratio of 2.16 and a beta of 1.25.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 9th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, January 9th. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

Intuit Company 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.