Ashton Thomas Securities LLC Reduces Stock Holdings in Intuit Inc. $INTU

Key Points

• Ashton Thomas Securities LLC reduced its stake in Intuit Inc. by 59.1%, ending the first quarter with 638 shares worth approximately $389,000.
• Insider Scott D. Cook sold 62,816 shares of Intuit stock, while CFO Sandeep Aujla also made a notable sale, indicating insider activity amidst fluctuating stock prices.
• Intuit recently declared a quarterly dividend of $1.20, representing an increase from the previous dividend of $1.04, which reflects a commitment to returning value to shareholders.

Ashton Thomas Securities LLC decreased its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 59.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 638 shares of the software maker's stock after selling 920 shares during the quarter. Ashton Thomas Securities LLC's holdings in Intuit were worth $389,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. boosted its holdings in shares of Intuit by 1.2% in the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after purchasing an additional 36,513 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Intuit by 4.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock worth $1,130,718,000 after purchasing an additional 82,419 shares during the period. Pinnacle Financial Partners Inc boosted its holdings in shares of Intuit by 3.6% in the 1st quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock worth $10,922,000 after purchasing an additional 623 shares during the period. Circle Wealth Management LLC boosted its holdings in Intuit by 33.4% during the 1st quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock valued at $2,119,000 after acquiring an additional 865 shares during the period. Finally, Vident Advisory LLC boosted its holdings in Intuit by 22.1% during the 1st quarter. Vident Advisory LLC now owns 46,940 shares of the software maker's stock valued at $28,821,000 after acquiring an additional 8,510 shares during the period. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Transactions at Intuit

In related news, insider Scott D. Cook sold 62,816 shares of the business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $765.99, for a total transaction of $48,116,427.84. Following the transaction, the insider directly owned 6,000,679 shares in the company, valued at $4,596,460,107.21. The trade was a 1.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sandeep Aujla sold 2,591 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $782.22, for a total value of $2,026,732.02. Following the transaction, the chief financial officer owned 768 shares in the company, valued at approximately $600,744.96. This trade represents a 77.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,488 shares of company stock worth $56,356,595. Company insiders own 2.68% of the company's stock.

Intuit Trading Down 0.2%

INTU opened at $667.00 on Tuesday. The firm has a market cap of $186.06 billion, a price-to-earnings ratio of 48.54, a PEG ratio of 2.57 and a beta of 1.26. The company has a current ratio of 1.36, a quick ratio of 1.45 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The stock has a fifty day moving average price of $745.39 and a 200-day moving average price of $678.91.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. As a group, equities research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 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 Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio is presently 30.28%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on INTU shares. Royal Bank Of Canada restated an "outperform" rating and set a $850.00 price objective on shares of Intuit in a report on Friday, August 22nd. KeyCorp dropped their price objective on Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. CLSA started coverage on Intuit in a report on Thursday, June 26th. They set an "outperform" rating and a $900.00 price objective for the company. Morgan Stanley dropped their price objective on Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Finally, Stifel Nicolaus dropped their price objective on Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $797.62.

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.

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