Intuit Inc. $INTU Shares Sold by Gateway Investment Advisers LLC

Key Points

• Gateway Investment Advisers LLC reduced its stake in Intuit Inc. by 75.5% during the second quarter, decreasing its holdings to 3,436 shares valued at approximately $2.7 million after selling 10,590 shares.
• Intuit's recent quarterly earnings exceeded expectations with a reported EPS of $2.75, and the company plans to increase its quarterly dividend from $1.04 to $1.20 per share.
• Despite recent analysts' ratings and price target adjustments, Intuit maintains a consensus rating of "Moderate Buy" among analysts with an average target price of $797.62.

Gateway Investment Advisers LLC lessened its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 75.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,436 shares of the software maker's stock after selling 10,590 shares during the quarter. Gateway Investment Advisers LLC's holdings in Intuit were worth $2,706,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Peloton Wealth Strategists boosted its holdings in shares of Intuit by 0.3% during the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker's stock valued at $2,710,000 after acquiring an additional 15 shares during the period. Decatur Capital Management Inc. lifted its stake in Intuit by 0.3% in the 1st quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker's stock valued at $3,069,000 after acquiring an additional 16 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in Intuit by 18.4% in the 1st quarter. Financial Management Professionals Inc. now owns 116 shares of the software maker's stock valued at $71,000 after purchasing an additional 18 shares during the period. Chris Bulman Inc lifted its position in shares of Intuit by 1.2% during the 1st quarter. Chris Bulman Inc now owns 1,523 shares of the software maker's stock worth $935,000 after buying an additional 18 shares during the last quarter. Finally, Cascade Investment Group Inc. grew its stake in Intuit by 0.8% during the first quarter. Cascade Investment Group Inc. now owns 2,413 shares of the software maker's stock worth $1,482,000 after purchasing an additional 18 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on INTU shares. KeyCorp dropped their price target on Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. BMO Capital Markets boosted their price objective on shares of Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Barclays decreased their price objective 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. Royal Bank Of Canada reissued an "outperform" rating and issued a $850.00 price target on shares of Intuit in a research note on Tuesday, September 2nd. Finally, Morgan Stanley reduced their price objective on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Intuit currently has a consensus rating of "Moderate Buy" and an average price target of $797.62.

Intuit Trading Up 1.9%

NASDAQ INTU traded up $12.96 on Friday, reaching $687.92. The company had a trading volume of 4,062,723 shares, compared to its average volume of 2,166,550. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market cap of $191.80 billion, a price-to-earnings ratio of 50.07, a P/E/G ratio of 2.66 and a beta of 1.26. The business has a 50 day moving average of $715.45 and a two-hundred day moving average of $685.53. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. Intuit's quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. This is a boost from Intuit's previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. Intuit's dividend payout ratio (DPR) is presently 34.93%.

Insider Buying and Selling

In related news, EVP Alex G. Balazs sold 882 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total transaction of $689,397.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sandeep Aujla sold 42 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $27,929.58. Following the sale, the chief financial officer directly owned 831 shares in the company, valued at $552,606.69. This trade represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,879 shares of company stock worth $7,558,613 over the last 90 days. Corporate 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.