Baxter Bros Inc. Sells 731 Shares of Intuit Inc. $INTU

Key Points

• Baxter Bros Inc. reduced its holdings in Intuit Inc. by 1.2%, selling 731 shares, and now owns 59,609 shares, valued at approximately $46.95 million.
• Intuit's CFO recently sold 1,170 shares, representing a 47.46% decrease in their position, while other insiders collectively sold 2,407 shares worth $1.61 million over the past 90 days.
• Intuit reported a 20.3% year-over-year revenue increase with an earnings per share (EPS) of $2.75 for the quarter, exceeding analysts' expectations.

Baxter Bros Inc. cut its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,609 shares of the software maker's stock after selling 731 shares during the quarter. Intuit comprises approximately 5.7% of Baxter Bros Inc.'s portfolio, making the stock its 3rd biggest holding. Baxter Bros Inc.'s holdings in Intuit were worth $46,950,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Fulton Breakefield Broenniman LLC purchased a new position in Intuit during the second quarter worth about $244,000. Values Added Financial LLC raised its holdings in shares of Intuit by 10.6% in the 2nd quarter. Values Added Financial LLC now owns 460 shares of the software maker's stock worth $362,000 after purchasing an additional 44 shares during the period. Cohen Investment Advisors LLC raised its holdings in shares of Intuit by 1.7% in the 2nd quarter. Cohen Investment Advisors LLC now owns 6,754 shares of the software maker's stock worth $5,320,000 after purchasing an additional 112 shares during the period. Morey & Quinn Wealth Partners LLC raised its holdings in shares of Intuit by 7.0% in the 2nd quarter. Morey & Quinn Wealth Partners LLC now owns 352 shares of the software maker's stock worth $277,000 after purchasing an additional 23 shares during the period. Finally, Maryland State Retirement & Pension System raised its holdings in shares of Intuit by 3.9% in the 2nd quarter. Maryland State Retirement & Pension System now owns 13,271 shares of the software maker's stock worth $10,453,000 after purchasing an additional 502 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of the firm's stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the sale, the chief financial officer owned 1,295 shares in the company, valued at $876,792.70. This trade represents a 47.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott D. Cook sold 529 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the sale, the director owned 6,162,547 shares of the company's stock, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,407 shares of company stock worth $1,614,913 in the last 90 days. 2.68% of the stock is owned by corporate insiders.

Intuit Stock Performance

Shares of NASDAQ:INTU opened at $657.80 on Thursday. The company has a market cap of $183.40 billion, a P/E ratio of 47.87, a PEG ratio of 2.54 and a beta of 1.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The business's 50-day simple moving average is $692.42 and its 200 day simple moving average is $692.73.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company's revenue was up 20.3% on a year-over-year basis. During the same period last year, the business 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. On average, sell-side analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be paid a dividend of $1.20 per share. This is a boost from Intuit's previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit's payout ratio is 34.93%.

Analyst Upgrades and Downgrades

INTU has been the topic of a number of research reports. BMO Capital Markets raised their price objective on Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Citigroup cut their price objective on Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. CLSA initiated coverage on Intuit in a report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Finally, Zacks Research downgraded Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $791.82.

Intuit Company 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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