James Hambro & Partners LLP Decreases Stake in Intuit Inc. $INTU

Key Points

• James Hambro & Partners LLP has reduced its stake in Intuit Inc. by 52%, holding 610 shares after selling 660 shares in the second quarter, valuing the stake at approximately $480,000.
• Intuit announced an increase in its quarterly dividend to $1.20 per share, representing an annualized dividend of $4.80 and a yield of 0.7%, with the payment date set for October 17th.
• Analysts have varied ratings for Intuit, with a consensus rating of "Moderate Buy" and an average price target of $791.82, as several firms adjusted their target prices recently.

James Hambro & Partners LLP cut its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 52.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 610 shares of the software maker's stock after selling 660 shares during the period. James Hambro & Partners LLP's holdings in Intuit were worth $480,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in Intuit during the first quarter valued at $882,031,000. Nicholas Hoffman & Company LLC. bought a new position in shares of Intuit during the 1st quarter valued at approximately $785,564,000. Price T Rowe Associates Inc. MD increased its position in shares of Intuit by 7.8% during the 1st 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 last quarter. Pictet Asset Management Holding SA raised its holdings in Intuit by 55.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,053,197 shares of the software maker's stock valued at $646,613,000 after buying an additional 375,742 shares during the period. Finally, Wellington Management Group LLP lifted its position 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 worth $3,472,266,000 after buying an additional 358,328 shares during the last quarter. Institutional investors own 83.66% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on INTU shares. Rothschild & Co Redburn increased their target price on shares of Intuit from $560.00 to $670.00 and gave the company a "neutral" rating in a research note on Tuesday, September 23rd. Stifel Nicolaus cut their price target on shares of Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Oppenheimer upped their price objective on Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Barclays dropped their price objective on Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $850.00 price target on shares of Intuit in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $791.82.

Intuit Trading Up 0.8%

Intuit stock opened at $698.26 on Friday. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market cap of $194.67 billion, a PE ratio of 50.82, a price-to-earnings-growth ratio of 2.69 and a beta of 1.26. The stock has a 50-day moving average of $710.05 and a two-hundred day moving average of $689.09.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. Intuit's revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm 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, research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

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

Insider Buying and Selling at Intuit

In other Intuit news, Director Scott D. Cook sold 529 shares of the company's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the sale, the director directly owned 6,162,547 shares of the company's stock, valued at approximately $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sandeep Aujla sold 42 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $27,929.58. Following the sale, the chief financial officer directly owned 831 shares in the company, valued at $552,606.69. The trade was a 4.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,141 shares of company stock worth $6,195,865. 2.68% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.