Crew Capital Management Ltd. Sells 494 Shares of Intuit Inc. $INTU

Key Points

• Crew Capital Management Ltd. reduced its stake in Intuit Inc. by 24.3%, selling 494 shares during the second quarter and now holding 1,543 shares worth approximately $1.22 million.
• Institutional investors and hedge funds collectively own 83.66% of Intuit's stock, with several firms recently increasing their holdings.
• Intuit has announced a quarterly dividend of $1.20 per share, an increase from the previous dividend of $1.04, with shares set to be paid on October 17th.

Crew Capital Management Ltd. lessened its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 24.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,543 shares of the software maker's stock after selling 494 shares during the period. Intuit makes up 0.9% of Crew Capital Management Ltd.'s portfolio, making the stock its 28th biggest position. Crew Capital Management Ltd.'s holdings in Intuit were worth $1,215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. KMG Fiduciary Partners LLC raised its holdings in shares of Intuit by 1.8% during the second quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker's stock worth $607,000 after acquiring an additional 14 shares during the period. Pinnacle Bancorp Inc. boosted its stake in Intuit by 3.9% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker's stock worth $296,000 after purchasing an additional 14 shares during the period. Peloton Wealth Strategists increased its holdings in Intuit by 0.3% during the 1st quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker's stock worth $2,710,000 after purchasing an additional 15 shares in the last quarter. Decatur Capital Management Inc. raised its stake in shares of Intuit by 0.3% in the 1st quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker's stock valued at $3,069,000 after purchasing an additional 16 shares during the period. Finally, Acropolis Investment Management LLC lifted its holdings in shares of Intuit by 4.0% in the second quarter. Acropolis Investment Management LLC now owns 443 shares of the software maker's stock valued at $349,000 after purchasing an additional 17 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intuit

In other news, EVP Mark P. Notarainni sold 1,147 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were 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 owned 19 shares of the company's stock, valued at approximately $14,704.10. The trade was a 98.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were 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 $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,879 shares of company stock valued at $7,558,613. 2.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

INTU has been the subject of a number of research reports. Citigroup decreased their price objective on Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a report on Friday, August 22nd. UBS Group decreased their price target on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research note on Friday, August 22nd. Morgan Stanley lowered their price objective on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. KeyCorp reduced their target price on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Finally, Zacks Research downgraded shares of Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Intuit currently has an average rating of "Moderate Buy" and an average target price of $797.62.

Intuit Stock Up 2.1%

Intuit stock opened at $702.09 on Tuesday. The company's 50-day moving average price is $714.44 and its two-hundred day moving average price is $686.73. 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 stock has a market cap of $195.74 billion, a P/E ratio of 51.10, a P/E/G ratio of 2.66 and a beta of 1.26. 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 posted 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 company 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 firm's revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.99 earnings per share. 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, analysts expect 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 given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio (DPR) is 30.28%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.