7,937 Intuit Inc. $INTU Shares Sold by Lyell Wealth Management LP

Key Points

• Lyell Wealth Management cut its Intuit stake by 36.3% in the third quarter, selling 7,937 shares and retaining 13,901 shares valued at about $3.83 million.
• Intuit reported quarterly EPS of $4.03, beating the $3.58 consensus, while revenue rose 13.7% year over year to $4.35 billion; the company also issued fiscal 2027 guidance.
• Intuit raised its quarterly dividend from $1.20 to $1.38 per share, equivalent to an annualized $5.52 and a 1.6% yield.

Lyell Wealth Management LP reduced its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 36.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,901 shares of the software maker's stock after selling 7,937 shares during the period. Lyell Wealth Management LP's holdings in Intuit were worth $3,833,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTU. Beacon Pointe Advisors LLC purchased a new position in shares of Intuit in the second quarter worth about $1,643,000. J. Safra Sarasin Holding AG increased its holdings in shares of Intuit by 831.4% in the 1st quarter. J. Safra Sarasin Holding AG now owns 27,337 shares of the software maker's stock worth $11,817,000 after buying an additional 24,402 shares during the last quarter. Cygnus Capital Advisors LLC purchased a new stake in Intuit during the second quarter valued at about $4,706,000. The Manufacturers Life Insurance Company bought a new stake in Intuit during the second quarter worth about $179,663,000. Finally, Douglas Lane & Associates LLC boosted its holdings in shares of Intuit by 24.8% in the 3rd quarter. Douglas Lane & Associates LLC now owns 130,877 shares of the software maker's stock worth $36,084,000 after purchasing an additional 26,030 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Lauren Hotz sold 907 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the transaction, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. The trade was a 35.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Dalzell sold 285 shares of the company's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the transaction, the director directly owned 11,531 shares in the company, valued at approximately $3,751,726.16. The trade was a 2.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is owned by insiders.

Intuit Trading Down 2.1%

NASDAQ:INTU opened at $344.72 on Wednesday. The company has a 50-day moving average price of $318.58 and a 200-day moving average price of $360.01. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $682.27. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. The stock has a market cap of $92.12 billion, a price-to-earnings ratio of 20.89, a P/E/G ratio of 1.16 and a beta of 0.91.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The company had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period in the previous year, the company posted $2.75 earnings per share. The firm's revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Equities analysts predict that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 8th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. This is an increase from Intuit's previous quarterly dividend of $1.20. The ex-dividend date of this dividend was Thursday, October 8th. Intuit's payout ratio is 33.45%.

Analysts Set New Price Targets

INTU has been the topic of several research reports. Royal Bank Of Canada reissued an "outperform" rating and set a $385.00 price target on shares of Intuit in a research note on Friday, October 2nd. BMO Capital Markets reaffirmed an "outperform" rating on shares of Intuit in a research note on Monday, September 21st. KeyCorp set a $400.00 price objective on shares of Intuit in a research note on Wednesday, August 26th. Weiss Ratings raised shares of Intuit from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, October 28th. Finally, Mizuho reiterated an "outperform" rating and issued a $430.00 target price on shares of Intuit in a research report on Friday, September 18th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $431.55.

Intuit Company Profile

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company's principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.

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