DSM Capital Partners LLC Sells 112,444 Shares of Intuit Inc. $INTU

Key Points

• DSM Capital Partners cut its Intuit stake by 26.7% in the first quarter, selling 112,444 shares and leaving it with 309,394 shares valued at about $133.8 million.
• Wall Street sentiment remains mixed but mostly positive: analysts have trimmed price targets, yet the stock still carries a consensus “Moderate Buy” rating with an average target of $498.40.
• Intuit recently beat quarterly expectations, reporting EPS of $12.80 on revenue of $8.56 billion, and it also announced a quarterly dividend of $1.20 per share payable on July 17.

DSM Capital Partners LLC decreased its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 26.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 309,394 shares of the software maker's stock after selling 112,444 shares during the period. Intuit comprises 2.4% of DSM Capital Partners LLC's portfolio, making the stock its 12th largest holding. DSM Capital Partners LLC owned about 0.11% of Intuit worth $133,776,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTU. Cannell & Spears LLC raised its stake in Intuit by 0.4% during the 3rd quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker's stock valued at $2,641,000 after buying an additional 16 shares during the last quarter. Betterment LLC boosted its stake in shares of Intuit by 2.1% in the 3rd quarter. Betterment LLC now owns 779 shares of the software maker's stock worth $532,000 after buying an additional 16 shares during the last quarter. Crawford Investment Counsel Inc. boosted its stake in shares of Intuit by 4.7% in the 3rd quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker's stock worth $257,000 after buying an additional 17 shares during the last quarter. Value Partners Investments Inc. grew its holdings in shares of Intuit by 0.4% in the fourth quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker's stock worth $2,629,000 after acquiring an additional 17 shares during the period. Finally, Central Pacific Bank Trust Division grew its holdings in shares of Intuit by 0.5% in the fourth quarter. Central Pacific Bank Trust Division now owns 3,621 shares of the software maker's stock worth $2,399,000 after acquiring an additional 18 shares during the period. Hedge funds and other institutional investors own 83.66% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on INTU. Royal Bank Of Canada cut their price target on Intuit from $600.00 to $500.00 and set an "outperform" rating for the company in a research note on Thursday, May 21st. Barclays lowered their price objective on shares of Intuit from $540.00 to $443.00 and set an "overweight" rating on the stock in a research note on Thursday, May 21st. Mizuho dropped their price objective on shares of Intuit from $600.00 to $500.00 and set an "outperform" rating on the stock in a report on Tuesday, May 26th. Weiss Ratings lowered shares of Intuit from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, June 11th. Finally, Evercore reduced their target price on shares of Intuit from $540.00 to $400.00 and set an "outperform" rating for the company in a report on Thursday, May 21st. Twenty-two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Intuit currently has an average rating of "Moderate Buy" and an average price target of $498.40.

Intuit Trading Down 3.2%

Shares of NASDAQ:INTU opened at $272.10 on Thursday. The stock has a 50 day moving average of $318.96 and a 200 day moving average of $423.93. The company has a market cap of $74.43 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 1.03 and a beta of 1.00. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping analysts' consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company had revenue of $8.56 billion for the quarter, compared to analysts' expectations of $8.54 billion. During the same quarter last year, the business earned $11.65 EPS. The firm's revenue was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, equities research analysts expect that Intuit Inc. will post 18.19 EPS for the current year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be paid a dividend of $1.20 per share. The ex-dividend date is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.8%. Intuit's payout ratio is 29.07%.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 284 shares of the company's stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the transaction, the director owned 11,758 shares of the company's stock, valued at $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 500 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average price of $309.71 per share, with a total value of $154,855.00. Following the transaction, the director directly owned 1,750 shares of the company's stock, valued at $541,992.50. This represents a 40.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have sold 1,239 shares of company stock worth $348,354. Insiders own 2.49% of the company's stock.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Some analysts still see significant upside in Intuit, with the stock maintaining a consensus Buy rating and a median 12-month target around $446.50. Stifel and Goldman Cut Intuit (INTU) Ratings
• Positive Sentiment: Several bullish commentary pieces argue INTU looks undervalued after its recent selloff and that AI fears may be overdone, suggesting the stock could be forming a bottom. Intuit: Signs Of A Bottom, Shares Way Too Cheap As The AI Trade Wobbles
• Positive Sentiment: Recent coverage says investors have rotated back into beaten-down software names, helping support a rebound in Intuit and peers. Atlassian and Intuit Shares Skyrocket, What You Need To Know
• Neutral Sentiment: Intuit CFO Sandeep Aujla was highlighted in an interview, but the item did not include new financial guidance or material business updates. Intuit CFO Sandeep Aujla on the power of possibility
• Neutral Sentiment: Articles noted that QuickBooks Desktop retirement could benefit some bookkeeping firms, though this is more of an industry transition than a direct catalyst for Intuit shares. Remote Quality Bookkeeping Expands with New Massachusetts Office as Small Businesses Face QuickBooks Desktop Retirement
• Negative Sentiment: Stifel and Goldman cutting ratings likely added to near-term selling pressure and reinforced investor caution around Intuit’s valuation. Stifel and Goldman Cut Intuit (INTU) Ratings
• Negative Sentiment: Some analysis argues that growth in a key flagship product has cooled and that management is shifting the growth narrative, which raises concerns about the durability of future expansion. The Done-For-You Silence That Reshapes The Intuit Stock Growth Story
• Negative Sentiment: Another article highlighted TurboTax headwinds as already priced into the stock, underscoring ongoing concern about Intuit’s core tax franchise. Intuit: TurboTax Headwinds Are Priced Into This Deep Value Stock
• Negative Sentiment: A securities-fraud investigation announcement added further downside sentiment after the stock’s sharp decline and may keep investor confidence subdued in the near term. INTU Investment Loss: Intuit Investors that Lost Money after Pricing Issues Disclosed are Notified to Contact BFA Law about its Securities Fraud Investigation

Intuit Profile

Intuit Inc NASDAQ: INTU is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit's product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.