Cyrus J. Lawrence LLC Sells 13,043 Shares of Intuit Inc. $INTU

Key Points

• Cyrus J. Lawrence LLC reduced its stake in Intuit Inc. by 94.1% during the first quarter, selling 13,043 shares and now holding only 816 shares, which value around $501,000.
• Intuit recently reported $2.75 earnings per share for the last quarter, surpassing analyst expectations and experiencing a 20.3% revenue increase year-over-year.
• The company announced an increase in its quarterly dividend from $1.04 to $1.20 per share, resulting in an annualized yield of 0.7%.

Cyrus J. Lawrence LLC lessened its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 94.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 816 shares of the software maker's stock after selling 13,043 shares during the period. Intuit comprises 1.9% of Cyrus J. Lawrence LLC's portfolio, making the stock its 26th biggest holding. Cyrus J. Lawrence LLC's holdings in Intuit were worth $501,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Saudi Central Bank bought a new position in shares of Intuit in the first quarter valued at approximately $68,000. Vista Cima Wealth Management LLC bought a new position in shares of Intuit in the first quarter valued at approximately $31,000. Brasada Capital Management LP raised its stake in shares of Intuit by 1.0% in the first quarter. Brasada Capital Management LP now owns 5,564 shares of the software maker's stock valued at $3,416,000 after acquiring an additional 53 shares during the last quarter. Ardmore Road Asset Management LP bought a new position in shares of Intuit in the first quarter valued at approximately $31,301,000. Finally, Pinnacle Wealth Planning Services Inc. raised its stake in shares of Intuit by 4.7% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 1,834 shares of the software maker's stock valued at $1,126,000 after acquiring an additional 82 shares during the last quarter. Institutional investors own 83.66% of the company's stock.

Intuit Stock Performance

Shares of Intuit stock opened at $667.00 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.45. The firm has a market cap of $186.06 billion, a P/E ratio of 48.54, a P/E/G ratio of 2.59 and a beta of 1.28. The firm has a 50 day simple moving average of $747.30 and a 200 day simple moving average of $677.70. 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 issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating 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 business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the business posted $1.99 earnings per share. 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. Sell-side analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be issued a dividend of $1.20 per share. 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 boost from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio (DPR) is presently 30.28%.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $768.43, for a total transaction of $255,887.19. Following the completion of the sale, the director owned 15,474 shares of the company's stock, valued at approximately $11,890,685.82. The trade was a 2.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark P. Notarainni sold 1,147 shares of Intuit stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total transaction of $887,663.30. Following the sale, the executive vice president directly owned 19 shares of the company's stock, valued at $14,704.10. This represents a 98.37% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 107,817 shares of company stock worth $82,475,471. Corporate insiders own 2.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on INTU shares. Evercore ISI lifted their target price on shares of Intuit from $685.00 to $785.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Piper Sandler reiterated an "overweight" rating and issued a $825.00 target price (up previously from $785.00) on shares of Intuit in a research note on Friday, May 23rd. Morgan Stanley cut their target price on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Barclays cut their target price on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Finally, Susquehanna reissued a "positive" rating on shares of Intuit in a report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Intuit has an average rating of "Moderate Buy" and an average target price of $797.62.

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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