BDF Gestion Sells 462 Shares of Intuit Inc. $INTU

Key Points

• BDF Gestion has reduced its stake in Intuit Inc. by 9.9%, selling 462 shares and now holding a total of 4,227 shares worth approximately $3.33 million.
• The board of directors at Intuit has seen recent insider selling, with Scott D. Cook selling 529 shares and Richard L. Dalzell selling 333 shares, indicating a small decrease in their ownership positions.
• Intuit announced an increase in its quarterly dividend to $1.20 per share, representing an annualized total of $4.80 and a dividend yield of 0.7%.

BDF Gestion decreased its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 9.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,227 shares of the software maker's stock after selling 462 shares during the period. BDF Gestion's holdings in Intuit were worth $3,329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of INTU. Vanguard Group Inc. raised its holdings in shares of Intuit by 1.1% during the first quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock worth $16,780,536,000 after acquiring an additional 294,993 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock valued at $5,537,435,000 after buying an additional 649,212 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock valued at $3,472,266,000 after purchasing an additional 358,328 shares during the period. Brown Advisory Inc. lifted its holdings in shares of Intuit by 7.9% during the 1st quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker's stock worth $2,114,950,000 after acquiring an additional 252,265 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Intuit by 1.2% during the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after acquiring an additional 36,513 shares during the period. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Trading Up 1.9%

NASDAQ INTU traded up $12.96 during trading on Friday, hitting $687.92. The stock had a trading volume of 4,062,723 shares, compared to its average volume of 2,059,445. The company has a market capitalization of $191.79 billion, a PE ratio of 50.07, a PEG ratio of 2.66 and a beta of 1.26. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average price of $715.45 and a 200 day moving average price of $686.08. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the prior year, the company posted $1.99 earnings per share. The firm's quarterly revenue was up 20.3% compared to the same quarter last year. 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 forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Intuit's previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. Intuit's payout ratio is presently 30.28%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on INTU shares. BMO Capital Markets upped their price target on shares of Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Stifel Nicolaus cut their price target on shares of Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. KeyCorp cut their price target on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Oppenheimer boosted their target price on shares of Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Finally, Citigroup dropped their target price on shares of Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Intuit currently has a consensus rating of "Moderate Buy" and a consensus target price of $797.62.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the business's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the transaction, the director owned 14,475 shares in the company, valued at approximately $9,570,146.25. The trade was a 2.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark P. Notarainni sold 1,147 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total value of $887,663.30. Following the sale, the executive vice president directly owned 19 shares in the company, valued at $14,704.10. This trade represents a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,879 shares of company stock worth $7,558,613. Corporate insiders own 2.68% of the company's stock.

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.