Intuit Inc. $INTU Position Lessened by Corebridge Financial Inc.

Key Points

• Corebridge Financial Inc. reduced its stake in Intuit Inc. by 4.1% during the first quarter, selling 3,942 shares, leaving them with 92,192 shares valued at approximately $56.6 million.
• Insiders at Intuit have significantly sold shares recently, including Laura A. Fennell and Scott D. Cook, with total insider sales reaching about $209.7 million over the last three months.
• Intuit reported higher-than-expected earnings with $2.75 EPS and a revenue of $3.83 billion for the most recent quarter, prompting analysts to set a consensus target price of $797.62 for the stock.

Corebridge Financial Inc. trimmed its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 4.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,192 shares of the software maker's stock after selling 3,942 shares during the period. Corebridge Financial Inc.'s holdings in Intuit were worth $56,605,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Apexium Financial LP increased its position in Intuit by 98.5% during the first quarter. Apexium Financial LP now owns 784 shares of the software maker's stock worth $481,000 after purchasing an additional 389 shares during the last quarter. ICONIQ Capital LLC increased its position in Intuit by 21.0% during the first quarter. ICONIQ Capital LLC now owns 2,010 shares of the software maker's stock worth $1,234,000 after purchasing an additional 349 shares during the last quarter. Quantitative Investment Management LLC acquired a new position in Intuit during the first quarter worth approximately $1,258,000. APG Asset Management N.V. increased its position in Intuit by 2.4% during the first quarter. APG Asset Management N.V. now owns 294,429 shares of the software maker's stock worth $167,355,000 after purchasing an additional 7,030 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Intuit by 12.3% during the first quarter. Smartleaf Asset Management LLC now owns 3,972 shares of the software maker's stock worth $2,379,000 after purchasing an additional 434 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Zacks Research cut Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Susquehanna reiterated a "positive" rating on shares of Intuit in a report on Friday, May 23rd. Citigroup decreased their target price on Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Finally, Evercore ISI boosted their target price on Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. One equities research 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $797.62.

Insiders Place Their Bets

In other news, EVP Mark P. Notarainni sold 1,147 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 19 shares in the company, valued at approximately $14,704.10. The trade was a 98.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott D. Cook sold 529 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the completion of the sale, the director directly owned 6,162,547 shares in the company, 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. In the last ninety days, insiders sold 107,817 shares of company stock worth $82,475,471. Corporate insiders own 2.68% of the company's stock.

Intuit Stock Up 0.8%

Intuit stock traded up $5.03 during midday trading on Thursday, hitting $668.20. 2,069,577 shares of the company were exchanged, compared to its average volume of 2,152,629. The company's fifty day moving average price is $750.92 and its 200-day moving average price is $675.88. The company has a market cap of $186.39 billion, a PE ratio of 48.63, a price-to-earnings-growth ratio of 2.60 and a beta of 1.28. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.45. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the business earned $1.99 EPS. Intuit's revenue for the quarter 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. On average, research analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be issued a $1.20 dividend. This is a positive change 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 dividend yield of 0.7%. Intuit's dividend payout ratio (DPR) is presently 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.