Douglass Winthrop Advisors LLC Trims Holdings in Intuit Inc. $INTU

Key Points

• Douglass Winthrop Advisors LLC has reduced its stock position in Intuit Inc. by 7.7%, now owning 13,090 shares valued at approximately $8,037,000.
• Intuit's recent quarterly earnings report showed earnings per share of $2.75, surpassing analyst expectations, with revenue of $3.83 billion, indicating a year-over-year growth of 20.3%.
• Current Wall Street analyst ratings for Intuit include one Strong Buy, twenty Buy, three Hold, and one Sell, with an average target price of $797.62.

Douglass Winthrop Advisors LLC decreased its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 7.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,090 shares of the software maker's stock after selling 1,089 shares during the quarter. Douglass Winthrop Advisors LLC's holdings in Intuit were worth $8,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in INTU. Decatur Capital Management Inc. increased its holdings in shares of Intuit by 0.3% during the 1st quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker's stock worth $3,069,000 after acquiring an additional 16 shares during the last quarter. Financial Management Professionals Inc. lifted its position in shares of Intuit by 18.4% during the 1st quarter. Financial Management Professionals Inc. now owns 116 shares of the software maker's stock worth $71,000 after buying an additional 18 shares during the last quarter. Chris Bulman Inc lifted its position in shares of Intuit by 1.2% during the 1st quarter. Chris Bulman Inc now owns 1,523 shares of the software maker's stock worth $935,000 after buying an additional 18 shares during the last quarter. Kolinsky Wealth Management LLC increased its holdings in Intuit by 1.6% in the 4th quarter. Kolinsky Wealth Management LLC now owns 1,192 shares of the software maker's stock worth $749,000 after purchasing an additional 19 shares in the last quarter. Finally, Norden Group LLC increased its holdings in Intuit by 1.2% in the 1st quarter. Norden Group LLC now owns 1,663 shares of the software maker's stock worth $1,021,000 after purchasing an additional 19 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on INTU shares. Wells Fargo & Company set a $880.00 price target on Intuit and gave the company an "overweight" rating in a research note on Friday, June 13th. UBS Group decreased their target price on Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research note on Friday. 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 research note on Friday. Zacks Research cut Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Finally, Oppenheimer increased their price target on Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $797.62.

Insider Transactions at Intuit

In other news, 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 value of $887,663.30. Following the completion of the transaction, 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 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, 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 value of $255,887.19. Following the completion of the transaction, the director owned 15,474 shares of the company's stock, valued at approximately $11,890,685.82. This trade represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 149,650 shares of company stock valued at $113,959,883. 2.68% of the stock is currently owned by insiders.

Intuit Stock Performance

Intuit stock traded up $2.58 during mid-day trading on Tuesday, reaching $659.54. 3,762,506 shares of the company's stock were exchanged, compared to its average volume of 1,823,597. The business's fifty day simple moving average is $754.86 and its 200 day simple moving average is $676.08. The firm has a market capitalization of $183.98 billion, a PE ratio of 48.00, a P/E/G ratio of 2.55 and a beta of 1.28. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The company has a quick ratio of 1.45, a current ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.Intuit's quarterly revenue was up 20.3% compared to the same quarter last year. During the same period last year, the company posted $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. On average, sell-side analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be paid a $1.20 dividend. The ex-dividend date is Thursday, October 9th. This is a boost from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit's dividend payout ratio is presently 30.28%.

About Intuit

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.