Congress Asset Management Co. Has $2.54 Million Stock Holdings in Intuit Inc. $INTU

Key Points

• Congress Asset Management Co. has reduced its stake in Intuit Inc. by 81.3%, holding 3,229 shares worth approximately $2.54 million as of the latest SEC filing.
• Intuit has recently had its quarterly earnings report, exceeding analyst expectations with earnings per share of $2.75 and a revenue of $3.83 billion.
• The company announced an increase in its quarterly dividend to $1.20, which is a rise from the previous dividend of $1.04, reflecting a positive change in shareholder returns.

Congress Asset Management Co. decreased its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 81.3% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,229 shares of the software maker's stock after selling 14,021 shares during the period. Congress Asset Management Co.'s holdings in Intuit were worth $2,543,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Cadent Capital Advisors LLC acquired a new position in Intuit during the second quarter worth $269,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in shares of Intuit by 2,077.3% during the 2nd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 8,644 shares of the software maker's stock worth $6,808,000 after buying an additional 8,247 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in shares of Intuit by 6.0% during the 2nd quarter. Perigon Wealth Management LLC now owns 5,558 shares of the software maker's stock worth $4,378,000 after buying an additional 316 shares during the last quarter. Plancorp LLC grew its holdings in shares of Intuit by 12.1% in the 2nd quarter. Plancorp LLC now owns 1,008 shares of the software maker's stock valued at $794,000 after acquiring an additional 109 shares in the last quarter. Finally, Motive Wealth Advisors acquired a new stake in shares of Intuit in the second quarter valued at about $270,000. 83.66% of the stock is owned by institutional investors.

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $768.43, for a total transaction of $255,887.19. Following the transaction, the director owned 15,474 shares in the company, valued at $11,890,685.82. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott D. Cook sold 529 shares of the business's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the sale, the director directly owned 6,162,547 shares of the company's stock, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,141 shares of company stock worth $6,195,865. 2.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on INTU. BMO Capital Markets increased their price target on Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Bank of America cut their price objective on Intuit from $875.00 to $800.00 and set a "buy" rating for the company 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 stock an "outperform" rating in a report on Monday, July 28th. KeyCorp cut their price target on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Finally, Citigroup decreased their price objective on shares of Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $791.82.

Intuit Stock Performance

NASDAQ INTU opened at $698.26 on Friday. The stock has a market cap of $194.67 billion, a PE ratio of 50.82, a P/E/G ratio of 2.69 and a beta of 1.26. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a 50-day moving average of $710.05 and a 200-day moving average of $689.09. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same period in the prior year, the firm earned $1.99 EPS. The business's 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. On average, sell-side analysts anticipate 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. Shareholders of record on Thursday, October 9th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is currently 30.28%.

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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