Gabelli Funds LLC Cuts Position in Intuit Inc. $INTU

Key Points

• Gabelli Funds LLC reduced its stake in Intuit Inc. by 6.7%, now owning 23,692 shares valued at approximately $14.5 million after selling 1,700 shares in Q1.
• Intuit recently announced a quarterly dividend increase from $1.04 to $1.20 per share, reflecting an annualized yield of 0.7% and a payout ratio of 30.28%.
• Analysts have mixed opinions on Intuit's stock, with a current consensus rating of "Moderate Buy" and an average target price of $797.62.

Gabelli Funds LLC cut its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 6.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,692 shares of the software maker's stock after selling 1,700 shares during the quarter. Gabelli Funds LLC's holdings in Intuit were worth $14,547,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Copia Wealth Management acquired a new position in Intuit during the 4th quarter worth about $25,000. Heck Capital Advisors LLC acquired a new position in Intuit during the 4th quarter worth about $28,000. Olde Wealth Management LLC acquired a new position in Intuit during the 1st quarter worth about $37,000. Atlantic Edge Private Wealth Management LLC raised its position in shares of Intuit by 523.1% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 81 shares of the software maker's stock worth $50,000 after acquiring an additional 68 shares in the last quarter. Finally, Hughes Financial Services LLC bought a new position in shares of Intuit in the 1st quarter worth about $50,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Stock Down 1.3%

Intuit stock traded down $8.48 during midday trading on Tuesday, reaching $658.52. The stock had a trading volume of 475,428 shares, compared to its average volume of 1,814,474. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company has a market capitalization of $183.69 billion, a P/E ratio of 47.92, a PEG ratio of 2.57 and a beta of 1.26. The company has a fifty day moving average price of $745.39 and a two-hundred day moving average price of $678.91. The company has a current ratio of 1.36, a quick ratio of 1.45 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the company posted $1.99 EPS. The firm's revenue was up 20.3% compared to the same quarter last year. 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 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is an increase from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio is presently 30.28%.

Analyst Ratings Changes

Several research analysts have recently weighed in on INTU shares. Zacks Research lowered Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Susquehanna reissued a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. Oppenheimer lifted their price objective on Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Morgan Stanley lowered their price objective 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 lifted their price objective 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 issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Intuit has a consensus rating of "Moderate Buy" and an average price target of $797.62.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $768.43, for a total transaction of $255,887.19. Following the completion of the sale, the director directly owned 15,474 shares of the company's stock, valued at approximately $11,890,685.82. The trade was a 2.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Scott D. Cook sold 529 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the sale, the director directly owned 6,162,547 shares of the company's stock, valued at $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 73,488 shares of company stock worth $56,356,595. Company insiders own 2.68% of the company's stock.

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.