Intuit Inc. $INTU Shares Sold by First Hawaiian Bank

Key Points

• First Hawaiian Bank reduced its stake in Intuit Inc. by 24.3%, lowering its holdings to 5,784 shares valued at approximately $3.55 million.
• Despite some hedge funds decreasing their positions, others like CBIZ Investment Advisory Services significantly boosted their stake in Intuit by 1,566.7%.
• Intuit recently declared a quarterly dividend of $1.20 per share, reflecting an increase from its previous dividend and showcasing a dividend yield of 0.7%.

First Hawaiian Bank lowered its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 24.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,784 shares of the software maker's stock after selling 1,861 shares during the quarter. First Hawaiian Bank's holdings in Intuit were worth $3,551,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. CBIZ Investment Advisory Services LLC boosted its position in Intuit by 1,566.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock valued at $31,000 after purchasing an additional 47 shares during the period. Modern Wealth Management LLC boosted its position in Intuit by 104.6% during the 1st quarter. Modern Wealth Management LLC now owns 892 shares of the software maker's stock valued at $548,000 after purchasing an additional 456 shares during the period. Apeiron RIA LLC raised its stake in Intuit by 5.4% during the 1st quarter. Apeiron RIA LLC now owns 900 shares of the software maker's stock valued at $553,000 after acquiring an additional 46 shares in the last quarter. Vista Cima Wealth Management LLC bought a new stake in Intuit during the 1st quarter valued at $31,000. Finally, Strs Ohio bought a new stake in Intuit during the 1st quarter valued at $51,019,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on INTU shares. Piper Sandler reaffirmed an "overweight" rating and set a $825.00 target price (up previously from $785.00) on shares of Intuit in a research note on Friday, May 23rd. Morgan Stanley cut their target price on Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Jefferies Financial Group set a $850.00 target price on Intuit and gave the company a "buy" rating in a research note on Friday, May 23rd. Stifel Nicolaus cut their target price on Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Finally, CLSA started coverage on Intuit in a research note on Thursday, June 26th. They set an "outperform" rating and a $900.00 target price on the stock. One investment 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $797.62.

Intuit Stock Up 0.6%

INTU opened at $660.52 on Friday. Intuit Inc. has a one year low of $532.65 and a one year 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 stock's fifty day moving average is $728.22 and its 200-day moving average is $682.44. The company has a market capitalization of $184.16 billion, a PE ratio of 48.07, a P/E/G ratio of 2.53 and a beta of 1.26.

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 return on equity of 22.72% and a net margin of 20.55%.The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the business earned $1.99 EPS. The company's quarterly 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. On average, equities analysts predict that Intuit Inc. will post 14.09 EPS 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 paid a $1.20 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio (DPR) is presently 34.93%.

Insider Buying and Selling

In other news, EVP Alex G. Balazs sold 882 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total value of $689,397.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mark P. Notarainni sold 1,147 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total value of $887,663.30. Following the completion of the sale, the executive vice president directly owned 19 shares in the company, valued at $14,704.10. This represents a 98.37% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,879 shares of company stock worth $7,558,613. 2.68% of the stock is owned by corporate insiders.

Intuit 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.

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