Intuit Inc. $INTU Shares Sold by Birch Hill Investment Advisors LLC

Key Points

• Birch Hill Investment Advisors LLC reduced its stake in Intuit Inc. by 3.7%, holding 82,391 shares valued at approximately $64.9 million.
• Insider transactions included Director Richard L. Dalzell selling 333 shares and CFO Sandeep Aujla selling 1,170 shares, indicating a decrease in their respective holdings by 2.25% and 47.46%.
• Intuit's quarterly earnings exceeded expectations, reporting a $2.75 EPS and achieving 20.3% revenue growth year-over-year.

Birch Hill Investment Advisors LLC lessened its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,391 shares of the software maker's stock after selling 3,189 shares during the quarter. Intuit comprises about 2.9% of Birch Hill Investment Advisors LLC's investment portfolio, making the stock its 14th biggest holding. Birch Hill Investment Advisors LLC's holdings in Intuit were worth $64,893,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in INTU. Dogwood Wealth Management LLC increased its stake in shares of Intuit by 111.8% during the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock valued at $28,000 after acquiring an additional 19 shares during the period. Vista Cima Wealth Management LLC acquired a new position in shares of Intuit during the first quarter valued at approximately $31,000. CBIZ Investment Advisory Services LLC increased its stake in shares of Intuit by 1,566.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock valued at $31,000 after acquiring an additional 47 shares during the period. LGT Financial Advisors LLC acquired a new position in shares of Intuit during the second quarter valued at approximately $32,000. Finally, TD Capital Management LLC increased its stake 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 valued at $34,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 83.66% of the company's stock.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the sale, the director owned 14,475 shares in the company, valued at $9,570,146.25. This represents a 2.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the sale, the chief financial officer owned 1,295 shares of the company's stock, valued at approximately $876,792.70. The trade was a 47.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,407 shares of company stock worth $1,614,913 in the last quarter. 2.68% of the stock is currently owned by corporate insiders.

Intuit Trading Up 1.5%

Intuit stock opened at $675.04 on Wednesday. The company has a 50 day moving average price of $673.93 and a 200 day moving average price of $696.36. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market capitalization of $188.20 billion, a price-to-earnings ratio of 49.13, a P/E/G ratio of 2.57 and a beta of 1.25.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the business posted $1.99 EPS. The company'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. 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 was paid on Friday, October 17th. Investors of record on Thursday, October 9th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio (DPR) is 34.93%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Royal Bank Of Canada reiterated an "outperform" rating and set a $850.00 price objective on shares of Intuit in a research note on Tuesday, September 2nd. Rothschild & Co Redburn raised their target price on shares of Intuit from $560.00 to $670.00 and gave the stock a "neutral" rating in a report on Tuesday, September 23rd. Zacks Research cut shares of Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Barclays reduced their target price on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Finally, Morgan Stanley reduced their target price on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $791.82.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.