Intuit Inc. $INTU Stock: Bryn Mawr Trust Advisors LLC Lowers Stake

Key Points

• Bryn Mawr Trust Advisors cut its Intuit stake by 58% in the third quarter, selling 12,799 shares and retaining 9,253 shares valued at about $2.55 million.
• Intuit beat quarterly earnings and revenue estimates, reporting EPS of $4.03 and revenue of $4.35 billion, up 13.7% year over year. It also raised its quarterly dividend from $1.20 to $1.38 per share.
• Analyst sentiment was mixed, with a consensus rating of Hold and an average price target of $431.68.

Bryn Mawr Trust Advisors LLC cut its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 58.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,253 shares of the software maker's stock after selling 12,799 shares during the quarter. Bryn Mawr Trust Advisors LLC's holdings in Intuit were worth $2,551,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Wealth Managment LLC ID lifted its position in shares of Intuit by 10.3% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 267 shares of the software maker's stock valued at $115,000 after acquiring an additional 25 shares during the period. Delta Asset Management LLC TN grew its holdings in Intuit by 13.2% in the second quarter. Delta Asset Management LLC TN now owns 258 shares of the software maker's stock worth $67,000 after purchasing an additional 30 shares during the period. Bond & Devick Financial Network Inc. grew its holdings in Intuit by 3.3% in the third quarter. Bond & Devick Financial Network Inc. now owns 934 shares of the software maker's stock worth $258,000 after purchasing an additional 30 shares during the period. Glen Eagle Advisors LLC increased its stake in Intuit by 13.0% in the first quarter. Glen Eagle Advisors LLC now owns 278 shares of the software maker's stock valued at $120,000 after purchasing an additional 32 shares in the last quarter. Finally, Avalon Trust Co increased its stake in Intuit by 18.6% in the first quarter. Avalon Trust Co now owns 217 shares of the software maker's stock valued at $94,000 after purchasing an additional 34 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Richard Dalzell sold 285 shares of the company's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the sale, the director owned 11,531 shares in the company, valued at $3,751,726.16. This represents a 2.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction 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 represents a 35.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.49% of the stock is owned by insiders.

Intuit Stock Down 1.0%

Shares of NASDAQ INTU opened at $338.23 on Tuesday. The stock has a market capitalization of $90.39 billion, a P/E ratio of 20.50, a P/E/G ratio of 1.18 and a beta of 0.91. The company has a 50-day moving average price of $318.21 and a 200-day moving average price of $356.20. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $682.27. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, topping the consensus estimate of $3.58 by $0.45. The company had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm's revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.75 earnings per share. 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 research analysts forecast that Intuit Inc. will post 23.02 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, October 8th were paid a dividend of $1.38 per share. This is a boost from Intuit's previous quarterly dividend of $1.20. The ex-dividend date was Thursday, October 8th. This represents a $5.52 annualized dividend and a yield of 1.6%. Intuit's dividend payout ratio (DPR) is 33.45%.

Analyst Ratings Changes

INTU has been the topic of several research reports. Wolfe Research lowered shares of Intuit from an "outperform" rating to a "peer perform" rating in a report on Wednesday, August 26th. Piper Sandler raised their target price on Intuit from $250.00 to $290.00 and gave the company an "underweight" rating in a research note on Wednesday, August 26th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Intuit in a research report on Monday, September 21st. Citigroup decreased their target price on Intuit from $591.00 to $457.00 and set a "buy" rating for the company in a research report on Thursday, August 13th. Finally, Susquehanna cut their price target on Intuit from $427.00 to $415.00 and set a "positive" rating on the stock in a report on Wednesday, August 26th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $431.68.

Intuit Company 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.

Founded in 1983 by Scott Cook and Tom Proulx, Intuit is headquartered in Mountain View, California.

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