Intuit Inc. $INTU Holdings Trimmed by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC has reduced its stock holdings in Intuit Inc. by 10.2%, now owning 26,846 shares worth approximately $16.5 million.
• Intuit recently declared a quarterly dividend of $1.20 per share, which is an increase from the previous dividend of $1.04, representing a yield of 0.7%.
• The company's stock performance shows a 12-month low of $532.65 and a high of $813.70, with current shares trading at $672.82.

NewEdge Advisors LLC decreased its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,846 shares of the software maker's stock after selling 3,054 shares during the quarter. NewEdge Advisors LLC's holdings in Intuit were worth $16,483,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Intuit by 1.1% in the first quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker's stock worth $16,780,536,000 after acquiring an additional 294,993 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Intuit by 7.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock worth $5,537,435,000 after purchasing an additional 649,212 shares in the last quarter. Wellington Management Group LLP grew its stake 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 purchasing an additional 358,328 shares in the last quarter. Brown Advisory Inc. grew its stake in Intuit by 7.9% in the first quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker's stock worth $2,114,950,000 after purchasing an additional 252,265 shares in the last quarter. Finally, Invesco Ltd. grew its stake 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 purchasing an additional 36,513 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Intuit Price Performance

Intuit stock traded up $3.79 during trading hours on Thursday, hitting $660.05. 710,438 shares of the company traded hands, compared to its average volume of 1,815,419. The firm has a market cap of $184.02 billion, a P/E ratio of 48.03, a P/E/G ratio of 2.59 and a beta of 1.26. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The firm's 50-day simple moving average is $730.66 and its two-hundred day simple moving average is $681.80. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70.

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

Intuit Increases Dividend

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

Insider Buying and Selling

In other Intuit news, CFO Sandeep Aujla sold 42 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $27,929.58. Following the completion of the sale, the chief financial officer directly owned 831 shares of the company's stock, valued at approximately $552,606.69. This represents a 4.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott D. Cook sold 529 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the sale, the director directly owned 6,162,547 shares of the company's stock, valued at $4,098,032,129.53. The trade was a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,213 shares of company stock worth $7,115,570 in the last ninety days. Insiders own 2.68% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on INTU shares. Citigroup decreased their price target on Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Susquehanna reiterated a "positive" rating on shares of Intuit in a research note on Friday, May 23rd. BMO Capital Markets increased their price objective on shares of Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. dropped their price objective on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Finally, Bank of America dropped their price objective on shares of Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $797.62.

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.