Intuit Inc. $INTU Shares Sold by Hancock Whitney Corp

Key Points

• Hancock Whitney Corp has significantly reduced its stake in Intuit Inc., decreasing holdings by 84.1%, owning only 3,079 shares after selling 16,297 shares in the first quarter.
• Intuit declared an increased quarterly dividend of $1.20 per share, up from the prior $1.04, which will be paid on October 17th.
• Intuit reported earnings of $2.75 per share for the last quarter, surpassing analysts' expectations, with a revenue of $3.83 billion.

Hancock Whitney Corp decreased its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 84.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,079 shares of the software maker's stock after selling 16,297 shares during the period. Hancock Whitney Corp's holdings in Intuit were worth $1,890,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INTU. Copia Wealth Management purchased a new stake in shares of Intuit in the fourth quarter worth $25,000. Heck Capital Advisors LLC bought a new position in shares of Intuit during the fourth quarter worth $28,000. Vista Cima Wealth Management LLC bought a new position in shares of Intuit during the first quarter worth $31,000. TD Capital Management LLC boosted its position in shares of Intuit by 511.1% during the first 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 bought a new position in shares of Intuit during the first quarter worth $37,000. Institutional investors own 83.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on INTU. JPMorgan Chase & Co. lowered their target price on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. CLSA initiated coverage on shares of Intuit in a research report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price objective on the stock. Stifel Nicolaus reduced their price objective on shares of Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Jefferies Financial Group set a $850.00 price objective on shares of Intuit and gave the stock a "buy" rating in a research report on Friday, May 23rd. 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 research 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 assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $797.62.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $768.43, for a total value of $255,887.19. Following the completion of the transaction, the director owned 15,474 shares of the company's stock, valued at $11,890,685.82. This trade represents a 2.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Sandeep Aujla sold 42 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 transaction of $27,929.58. Following the sale, the chief financial officer owned 831 shares of the company's stock, valued at $552,606.69. This represents a 4.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,029 shares of company stock valued at $55,231,998 in the last quarter. Insiders own 2.68% of the company's stock.

Intuit Stock Up 0.7%

Shares of Intuit stock traded up $4.53 on Friday, reaching $672.82. The stock had a trading volume of 1,614,052 shares, compared to its average volume of 2,172,303. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The company has a 50 day moving average price of $737.50 and a 200 day moving average price of $681.31. The stock has a market capitalization of $187.58 billion, a P/E ratio of 48.97, a P/E/G ratio of 2.60 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm's quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the firm 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 forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors 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 an increase from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit's dividend payout ratio (DPR) is 30.28%.

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.