Curi RMB Capital LLC Has $10.54 Million Stake in Intuit Inc. $INTU

Key Points

• Curi RMB Capital LLC has reduced its stake in Intuit Inc. by 43.1%, selling 13,026 shares and now holding 17,168 shares worth approximately $10.5 million.
• Intuit is set to pay a quarterly dividend of $1.20 per share on October 17th, marking an increase from the previous dividend of $1.04.
• After earning results exceeding analysts' expectations, Intuit's consensus target price is now $797.62, with the stock being rated as a "Moderate Buy" overall.

Curi RMB Capital LLC trimmed its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 43.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,168 shares of the software maker's stock after selling 13,026 shares during the period. Curi RMB Capital LLC's holdings in Intuit were worth $10,541,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in INTU. Copia Wealth Management purchased a new position in Intuit during the 4th quarter valued at about $25,000. Heck Capital Advisors LLC purchased a new stake in shares of Intuit during the fourth quarter worth about $28,000. Vista Cima Wealth Management LLC purchased a new stake in shares of Intuit during the first quarter worth about $31,000. TD Capital Management LLC grew its holdings in shares of Intuit by 511.1% during the first quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after buying an additional 46 shares in the last quarter. Finally, Olde Wealth Management LLC purchased a new stake in shares of Intuit during the first quarter worth about $37,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Transactions at Intuit

In related news, insider Scott D. Cook sold 62,816 shares of Intuit stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $765.99, for a total value of $48,116,427.84. Following the completion of the sale, the insider directly owned 6,000,679 shares in the company, valued at $4,596,460,107.21. This trade represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alex G. Balazs sold 882 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total value of $689,397.66. The disclosure for this sale can be found here. Insiders sold 72,029 shares of company stock valued at $55,231,998 over the last 90 days. Corporate insiders own 2.68% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on INTU. Morgan Stanley decreased their target price on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Piper Sandler reaffirmed an "overweight" rating and set a $825.00 price target (up from $785.00) on shares of Intuit in a research report on Friday, May 23rd. KeyCorp reduced their price target on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. JPMorgan Chase & Co. reduced their price target on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Finally, Barclays reduced their target price on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. One research 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 issued a Sell rating to the stock. According to data from MarketBeat, Intuit presently has a consensus rating of "Moderate Buy" and a consensus price target of $797.62.

Intuit Price Performance

NASDAQ INTU traded up $4.53 on Friday, reaching $672.82. The company's stock had a trading volume of 1,614,052 shares, compared to its average volume of 2,172,303. The firm's 50 day moving average is $737.50 and its two-hundred day moving average is $680.60. 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 stock has a market cap of $187.58 billion, a PE ratio of 48.97, a PEG ratio of 2.60 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 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. The firm 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 business's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.99 EPS. 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, sell-side analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.7%. This is an increase from Intuit's previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. 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.