Envestnet Portfolio Solutions Inc. Trims Holdings in Intuit Inc. $INTU

Key Points

• Envestnet Portfolio Solutions Inc. reduced its holdings in Intuit Inc. by 3.6%, selling 836 shares during the second quarter, resulting in a total of 22,435 shares valued at approximately $17.67 million.
• Intuit has recently announced a quarterly dividend increase to $1.20 per share, an annualized payment of $4.80, with the ex-dividend date set for October 9th.
• Recent analyst ratings for Intuit show a consensus of "Moderate Buy" with a target price of $791.82, reflecting varying opinions from major institutions on the stock's future performance.

Envestnet Portfolio Solutions Inc. cut its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 3.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,435 shares of the software maker's stock after selling 836 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Intuit were worth $17,671,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Dogwood Wealth Management LLC grew its stake in Intuit by 111.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock worth $28,000 after acquiring an additional 19 shares during the period. Vista Cima Wealth Management LLC acquired a new stake in shares of Intuit during the first quarter worth $31,000. CBIZ Investment Advisory Services LLC grew its position in shares of Intuit by 1,566.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock valued at $31,000 after purchasing an additional 47 shares during the period. TD Capital Management LLC increased its stake in Intuit by 511.1% in the first quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. Finally, Olde Wealth Management LLC purchased a new position in Intuit during the first quarter worth about $37,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Buying and Selling at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sandeep Aujla sold 1,170 shares of the business's stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the transaction, the chief financial officer directly owned 1,295 shares in the company, valued at approximately $876,792.70. The trade was a 47.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,407 shares of company stock valued at $1,614,913 over the last 90 days. 2.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Weiss Ratings restated a "buy (b-)" rating on shares of Intuit in a report on Wednesday, October 8th. UBS Group decreased their target price on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a research report on Friday, August 22nd. Barclays dropped their price target on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. KeyCorp decreased their price target on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Finally, Citigroup dropped 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Intuit has a consensus rating of "Moderate Buy" and a consensus target price of $791.82.

Intuit Stock Performance

NASDAQ:INTU opened at $641.79 on Monday. The firm's fifty day simple moving average is $686.93 and its 200 day simple moving average is $694.20. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The firm has a market capitalization of $178.93 billion, a price-to-earnings ratio of 46.71, a PEG ratio of 2.48 and a beta of 1.25.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm's 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. As a group, equities research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be issued a $1.20 dividend. The ex-dividend date 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 currently 34.93%.

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.

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