Central Bank & Trust Co. Sells 766 Shares of Intuit Inc. $INTU

Key Points

• Central Bank & Trust Co. reduced its stake in Intuit Inc. by 6.8% in Q2, now holding 10,444 shares valued at approximately $8.23 million, making it the company's 20th largest position.
• Intuit recently declared a quarterly dividend increase to $1.20 per share, up from $1.04, with an annual yield of 0.7%, and will pay out on October 17th.
• Analysts have given Intuit a consensus rating of "Moderate Buy", with an average price target of $797.62, reflecting varied opinions among institutions.

Central Bank & Trust Co. decreased its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 6.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,444 shares of the software maker's stock after selling 766 shares during the quarter. Intuit accounts for 1.3% of Central Bank & Trust Co.'s portfolio, making the stock its 20th largest position. Central Bank & Trust Co.'s holdings in Intuit were worth $8,226,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of INTU. Peloton Wealth Strategists boosted its position in Intuit by 0.3% in the 1st quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker's stock valued at $2,710,000 after buying an additional 15 shares during the period. Decatur Capital Management Inc. lifted its position in shares of Intuit by 0.3% during the 1st quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker's stock worth $3,069,000 after buying an additional 16 shares during the last quarter. Financial Management Professionals Inc. grew its stake in shares of Intuit by 18.4% during the 1st quarter. Financial Management Professionals Inc. now owns 116 shares of the software maker's stock worth $71,000 after purchasing an additional 18 shares during the period. Chris Bulman Inc grew its stake in Intuit by 1.2% in the 1st quarter. Chris Bulman Inc now owns 1,523 shares of the software maker's stock valued at $935,000 after acquiring an additional 18 shares during the last quarter. Finally, Cascade Investment Group Inc. raised its holdings in Intuit by 0.8% in the first quarter. Cascade Investment Group Inc. now owns 2,413 shares of the software maker's stock valued at $1,482,000 after buying an additional 18 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Stock Performance

Shares of NASDAQ:INTU traded up $12.96 on Friday, hitting $687.92. 4,062,723 shares of the company were exchanged, compared to its average volume of 2,166,550. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock's 50 day moving average price is $715.45 and its 200 day moving average price is $685.06. The firm has a market capitalization of $191.79 billion, a P/E ratio of 50.07, a price-to-earnings-growth ratio of 2.61 and a beta of 1.26.

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

Intuit Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on INTU shares. Oppenheimer lifted their target price on Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Stifel Nicolaus reduced their target price on Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $850.00 price target on shares of Intuit in a research report on Tuesday, September 2nd. Jefferies Financial Group set a $850.00 price target on Intuit and gave the stock a "buy" rating in a report on Friday, May 23rd. Finally, CLSA started coverage on Intuit in a research report on Thursday, June 26th. They set an "outperform" rating and a $900.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $797.62.

Insider Buying and Selling

In other Intuit news, CFO Sandeep Aujla sold 2,591 shares of the company's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $782.22, for a total value of $2,026,732.02. Following the transaction, the chief financial officer directly owned 768 shares in the company, valued at $600,744.96. The trade was a 77.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alex G. Balazs sold 882 shares of the stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total transaction of $689,397.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,879 shares of company stock worth $7,558,613. 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.