Intuit Inc. $INTU Shares Sold by Lbp Am Sa

Key Points

• Lbp Am Sa has reduced its stake in Intuit Inc. by 56.9%, now holding 14,249 shares valued at approximately $11.22 million.
• Intuit recently reported a 20.3% year-over-year increase in revenue for the quarter, totaling $3.83 billion, and surpassed analyst EPS expectations by $0.09.
• The company announced an increase in its quarterly dividend from $1.04 to $1.20 per share, with a payout scheduled for October 17th.

Lbp Am Sa cut its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 56.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,249 shares of the software maker's stock after selling 18,812 shares during the quarter. Lbp Am Sa's holdings in Intuit were worth $11,223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of INTU. Vanguard Group Inc. boosted its holdings in Intuit by 1.1% in the first quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock valued at $16,780,536,000 after purchasing an additional 294,993 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Intuit by 7.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock valued at $5,537,435,000 after purchasing an additional 649,212 shares during the period. Wellington Management Group LLP boosted its holdings in Intuit by 6.8% in the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock valued at $3,472,266,000 after purchasing an additional 358,328 shares during the period. Brown Advisory Inc. boosted its holdings in Intuit by 7.9% in the first quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker's stock valued at $2,114,950,000 after purchasing an additional 252,265 shares during the period. Finally, Invesco Ltd. boosted its holdings in Intuit by 1.2% in the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock valued at $1,890,282,000 after purchasing an additional 36,513 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Stock Down 1.7%

Shares of NASDAQ INTU opened at $682.91 on Wednesday. The company has a market capitalization of $190.40 billion, a price-to-earnings ratio of 49.70, a price-to-earnings-growth ratio of 2.68 and a beta of 1.26. 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 business has a 50-day moving average of $706.99 and a two-hundred day moving average of $690.46. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70.

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. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the business earned $1.99 EPS. Intuit's revenue for the quarter 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. On average, analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

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

Insider Transactions at Intuit

In other news, EVP Alex G. Balazs sold 882 shares of Intuit stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total transaction of $689,397.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction dated 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 owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,376 shares of company stock worth $4,056,031 over the last three months. 2.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

INTU has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Stifel Nicolaus decreased their target price on Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Barclays decreased their target price on Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Morgan Stanley decreased their target price on Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Finally, Bank of America decreased their price target on Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $791.82.

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.

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