Sapient Capital LLC Sells 1,620 Shares of Intuit Inc. $INTU

Key Points

• Sapient Capital LLC reduced its stake in Intuit Inc. by 7.2%, owning 20,811 shares valued at approximately $16.39 million after selling 1,620 shares.
• Intuit reported a Q4 earnings per share (EPS) of $2.75, exceeding analysts' expectations of $2.66, with revenue of $3.83 billion, up 20.3% year-over-year.
• The company increased its quarterly dividend to $1.20 per share from the previous $1.04, with the ex-dividend date set for October 9th.

Sapient Capital LLC decreased its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 7.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,811 shares of the software maker's stock after selling 1,620 shares during the period. Sapient Capital LLC's holdings in Intuit were worth $16,392,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. raised its position in Intuit by 1.2% in the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after acquiring an additional 36,513 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Intuit by 4.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock valued at $1,130,718,000 after purchasing an additional 82,419 shares during the period. Vident Advisory LLC grew its stake in Intuit by 22.1% during the first quarter. Vident Advisory LLC now owns 46,940 shares of the software maker's stock valued at $28,821,000 after acquiring an additional 8,510 shares in the last quarter. Circle Wealth Management LLC grew its stake in Intuit by 33.4% during the first quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock valued at $2,119,000 after acquiring an additional 865 shares in the last quarter. Finally, Pinnacle Financial Partners Inc grew its stake in Intuit by 3.6% during the first quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock valued at $10,922,000 after acquiring an additional 623 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Insider Buying and Selling

In related news, EVP Alex G. Balazs sold 882 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lauren D. Hotz sold 1,738 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $784.09, for a total transaction of $1,362,748.42. Following the sale, the chief accounting officer directly owned 455 shares in the company, valued at $356,760.95. This trade represents a 79.25% 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.

Wall Street Analysts Forecast Growth

INTU has been the subject of several recent analyst reports. Zacks Research cut shares of Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Bank of America reduced their price objective on shares of Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Barclays cut their price target on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a research note 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, Wells Fargo & Company set a $880.00 price target on shares of Intuit and gave the stock an "overweight" rating in a research note on Friday, June 13th. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $797.62.

Intuit Trading Up 1.9%

NASDAQ INTU traded up $12.96 during trading on Friday, hitting $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 current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The company has a market cap of $191.79 billion, a price-to-earnings ratio of 50.07, a price-to-earnings-growth ratio of 2.61 and a beta of 1.26. The company's fifty day moving average is $715.45 and its 200-day moving average is $685.06.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. The business 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%. The company's revenue for the quarter was up 20.3% on a year-over-year basis. During the same period in the prior year, the business earned $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. On average, sell-side analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio (DPR) is 30.28%.

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.