Focus Partners Wealth Decreases Holdings in Intuit Inc. $INTU

Key Points

• Focus Partners Wealth reduced its holdings in Intuit Inc. by 6.3%, owning 136,907 shares worth approximately $84.06 million after selling 9,209 shares in Q1.
• Intuit plans to pay a dividend of $1.20 per share on October 17th, increasing from the previous dividend of $1.04, which reflects a 0.7% yield.
• Intuit reported a $2.75 EPS for Q2, beating estimates, with revenue of $3.83 billion, marking a 20.3% year-over-year increase.

Focus Partners Wealth trimmed its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 6.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 136,907 shares of the software maker's stock after selling 9,209 shares during the period. Focus Partners Wealth's holdings in Intuit were worth $84,061,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock valued at $2,233,000 after buying an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock valued at $511,000 after buying an additional 482 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in Intuit by 14.2% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,992 shares of the software maker's stock valued at $1,252,000 after buying an additional 248 shares during the last quarter. Graham Capital Management L.P. increased its holdings in Intuit by 15.0% during the fourth quarter. Graham Capital Management L.P. now owns 1,150 shares of the software maker's stock valued at $723,000 after buying an additional 150 shares during the last quarter. Finally, LRI Investments LLC increased its holdings in Intuit by 9.1% during the fourth quarter. LRI Investments LLC now owns 513 shares of the software maker's stock valued at $322,000 after buying an additional 43 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

INTU has been the subject of a number of research reports. Oppenheimer upped their target price on shares of Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Zacks Research cut Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. KeyCorp reduced their price target on Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Morgan Stanley reduced their price target on Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Finally, Evercore ISI upped their price target on Intuit from $685.00 to $785.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $797.62.

Intuit Price Performance

Shares of Intuit stock traded up $4.26 during trading hours on Thursday, hitting $660.52. The company's stock had a trading volume of 2,200,236 shares, compared to its average volume of 2,105,275. The business has a 50 day moving average price of $728.22 and a two-hundred day moving average price of $682.44. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The company has a market cap of $184.15 billion, a PE ratio of 48.07, a PEG ratio of 2.53 and a beta of 1.26. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36.

Intuit (NASDAQ:INTU - Get Free Report) last announced 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. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the business earned $1.99 earnings per share. The business's revenue 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. Analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. The ex-dividend date is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit's dividend payout ratio (DPR) is 30.28%.

Insider Activity

In other news, EVP Alex G. Balazs sold 882 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total transaction of $689,397.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark P. Notarainni sold 1,147 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total value of $887,663.30. Following the transaction, the executive vice president owned 19 shares of the company's stock, valued at approximately $14,704.10. The trade was a 98.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,879 shares of company stock valued at $7,558,613. 2.68% of the stock is owned by corporate insiders.

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.