Intuit Inc. $INTU Stock: Keeler Thomas Management LLC Trims Stake

Key Points

• Keeler Thomas Management cut its Intuit stake by 50.7% during the third quarter, selling 3,928 shares and retaining 3,814 shares valued at approximately $1.05 million.
• Institutional ownership remains high at 83.66%, while analysts hold a consensus “Hold” rating with an average price target of $431.55.
• Intuit exceeded quarterly earnings and revenue estimates, reporting $4.03 in EPS on $4.35 billion in revenue, and raised its quarterly dividend from $1.20 to $1.38 per share.

Keeler Thomas Management LLC trimmed its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 50.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,814 shares of the software maker's stock after selling 3,928 shares during the quarter. Keeler Thomas Management LLC's holdings in Intuit were worth $1,052,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new position in shares of Intuit during the 2nd quarter worth approximately $6,851,859,000. Arrowstreet Capital Limited Partnership boosted its stake in Intuit by 102.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker's stock valued at $1,684,795,000 after acquiring an additional 1,972,719 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Intuit by 6.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,334,328 shares of the software maker's stock worth $870,260,000 after purchasing an additional 215,814 shares during the last quarter. Unisphere Establishment grew its holdings in Intuit by 6.5% in the first quarter. Unisphere Establishment now owns 1,810,000 shares of the software maker's stock worth $782,608,000 after purchasing an additional 110,000 shares during the last quarter. Finally, Amundi grew its holdings in Intuit by 44.9% in the first quarter. Amundi now owns 1,563,158 shares of the software maker's stock worth $675,878,000 after purchasing an additional 484,602 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on INTU shares. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $385.00 price target on shares of Intuit in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on Intuit from $530.00 to $425.00 and set a "buy" rating for the company in a research report on Wednesday, August 19th. Piper Sandler boosted their target price on Intuit from $250.00 to $290.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 26th. Oppenheimer reduced their target price on Intuit from $406.00 to $380.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 26th. Finally, Wolfe Research lowered Intuit from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, August 26th. Sixteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $431.55.

Insiders Place Their Bets

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

Intuit Stock Up 3.2%

INTU stock opened at $352.10 on Tuesday. The stock has a market capitalization of $94.10 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $682.27. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $319.08 and a 200 day moving average of $361.12.

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

Intuit Increases Dividend

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

About Intuit

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company's principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.