Intuit Inc. $INTU Stock: Bahl & Gaynor LLC Trims Holdings

Key Points

• Bahl & Gaynor LLC cut its Intuit stake by 97.3% in the third quarter, selling 85,094 shares and retaining 2,327 shares worth about $642,000.
• Intuit beat quarterly estimates, reporting EPS of $4.03 versus $3.58 expected and revenue up 13.7% year over year to $4.35 billion. It also raised its quarterly dividend from $1.20 to $1.38 per share.
• Analyst views are mixed: MarketBeat’s consensus rating is Hold, with a $431.68 average price target; 16 analysts rate the stock Buy, 13 Hold, and two Sell.

Bahl & Gaynor LLC lowered its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 97.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,327 shares of the software maker's stock after selling 85,094 shares during the period. Bahl & Gaynor LLC's holdings in Intuit were worth $642,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of INTU. Fiduciary Financial Advisors acquired a new stake in shares of Intuit during the second quarter valued at about $25,000. Osbon Capital Management LLC acquired a new stake in Intuit during the 2nd quarter worth approximately $26,000. MidFirst Bank bought a new stake in Intuit during the 2nd quarter worth approximately $28,000. James T. Borello RIA grew its holdings in Intuit by 350.0% during the 3rd quarter. James T. Borello RIA now owns 108 shares of the software maker's stock worth $30,000 after acquiring an additional 84 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in Intuit during the 2nd quarter worth approximately $33,000. Institutional investors own 83.66% of the company's stock.

Intuit Stock Performance

Shares of INTU stock opened at $340.17 on Friday. The firm has a 50 day moving average of $317.73 and a 200-day moving average of $352.95. The company has a market cap of $90.91 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.13 and a beta of 0.91. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $682.27.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period in the prior year, the firm earned $2.75 earnings per share. Intuit's revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, equities analysts forecast that Intuit Inc. will post 23.02 earnings per share for the current year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were issued a dividend of $1.38 per share. This is a positive change from Intuit's previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Thursday, October 8th. Intuit's dividend payout ratio is presently 33.45%.

More Intuit News

Investors following INTU have been watching these news items:

• Positive Sentiment: Zacks says Intuit has factors that point to a possible earnings beat in its upcoming report, which could support the shares if results exceed expectations. The articles provide no specific forecast figures or guarantee a beat. Read article
• Neutral Sentiment: Intuit is drawing increased attention from Zacks.com users, but the report does not identify a specific business development behind the interest or establish a direct stock catalyst. Read article
• Neutral Sentiment: A separate report says Intuit’s marketing strategy is to raise the profile of its corporate brand alongside products such as TurboTax. This could matter over time, but no near-term financial impact was reported. Read article

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on INTU. Evercore restated an "outperform" rating on shares of Intuit in a report on Friday, September 18th. JPMorgan Chase & Co. downgraded Intuit from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $605.00 to $331.00 in a report on Wednesday, August 26th. Truist Financial reiterated a "hold" rating and issued a $300.00 price target on shares of Intuit in a research report on Friday, September 18th. TD Cowen increased their price target on Intuit from $346.00 to $350.00 and gave the company a "hold" rating in a research note on Monday. Finally, Stifel Nicolaus restated a "hold" rating and set a $300.00 price objective on shares of Intuit in a research report on Friday, September 18th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $431.68.

Insider Buying and Selling

In related news, CAO Lauren D. Hotz sold 907 shares of Intuit stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the sale, the chief accounting officer owned 1,628 shares of the company's stock, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 285 shares of the business's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the sale, the director owned 11,531 shares of the company's stock, valued at $3,751,726.16. This trade represents a 2.41% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is owned by corporate insiders.

Intuit Profile

Intuit Inc. develops financial management and business software for consumers, small businesses, and accounting professionals. Its products and services help users manage personal finances, prepare taxes, run businesses, handle payments, and support marketing activities. Its offerings include TurboTax for tax preparation, QuickBooks for accounting and business management, Credit Karma for personal finance, and Mailchimp for email marketing and customer engagement. Intuit serves customers in the United States and other markets around the world.

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