Flputnam Investment Management Co. Sells 7,977 Shares of Intuit Inc. $INTU

Key Points

• Flputnam Investment Management Co. reduced its stake in Intuit Inc. by 57% during the 1st quarter, selling 7,977 shares, leaving it with 6,017 shares valued at approximately $3.7 million.
• Intuit reported $2.75 earnings per share for the most recent quarter, exceeding estimates, and had a 20.3% increase in revenue year-over-year, amounting to $3.83 billion.
• The company announced a quarterly dividend increase to $1.20, up from the previous $1.04, with a dividend yield of 0.7% and a payout ratio of 30.28%.

Flputnam Investment Management Co. decreased its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 57.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,017 shares of the software maker's stock after selling 7,977 shares during the period. Flputnam Investment Management Co.'s holdings in Intuit were worth $3,695,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Copia Wealth Management purchased a new position in Intuit during the 4th quarter worth approximately $25,000. Heck Capital Advisors LLC bought a new stake in Intuit in the fourth quarter worth $28,000. Vista Cima Wealth Management LLC acquired a new position in Intuit during the 1st quarter worth $31,000. TD Capital Management LLC lifted its position in Intuit by 511.1% during the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after acquiring an additional 46 shares during the last quarter. Finally, Olde Wealth Management LLC acquired a new position in Intuit during the 1st quarter worth $37,000. Institutional investors own 83.66% of the company's stock.

Insider Transactions at Intuit

In other Intuit news, insider Scott D. Cook sold 62,816 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $765.99, for a total value of $48,116,427.84. Following the transaction, the insider directly owned 6,000,679 shares of the company's stock, valued at approximately $4,596,460,107.21. This trade represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alex G. Balazs sold 1,459 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $770.80, for a total transaction of $1,124,597.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,488 shares of company stock valued at $56,356,595. 2.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating for the company 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. BMO Capital Markets increased their price target on shares of Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Bank of America dropped their price target on shares of Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Finally, Wells Fargo & Company set a $880.00 price objective on shares of Intuit and gave the stock an "overweight" rating in a research note on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Intuit currently has an average rating of "Moderate Buy" and an average target price of $797.62.

Intuit Price Performance

Shares of INTU traded up $6.69 during mid-day trading on Wednesday, hitting $668.68. 1,979,251 shares of the company traded hands, compared to its average volume of 2,098,216. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The company has a current ratio of 1.36, a quick ratio of 1.45 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average of $741.67 and a 200 day moving average of $678.72. The stock has a market capitalization of $186.53 billion, a price-to-earnings ratio of 48.67, a PEG ratio of 2.57 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) 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 firm had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same period last year, the firm earned $1.99 earnings per share. The business's revenue for the quarter was up 20.3% on a year-over-year basis. 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 analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently disclosed 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 of this dividend is Thursday, October 9th. This is a boost from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit's payout ratio is 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.