NewEdge Advisors LLC Sells 3,054 Shares of Intuit Inc. $INTU

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 reduced its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 10.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Copia Wealth Management bought a new stake in Intuit during the 4th quarter worth about $25,000. Heck Capital Advisors LLC acquired a new position in shares of Intuit during the 4th quarter worth about $28,000. TD Capital Management LLC increased its stake in shares of Intuit by 511.1% during the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after purchasing an additional 46 shares during the last quarter. Olde Wealth Management LLC acquired a new position in shares of Intuit during the 1st quarter worth about $37,000. Finally, Activest Wealth Management increased its stake in shares of Intuit by 3,050.0% during the 1st quarter. Activest Wealth Management now owns 63 shares of the software maker's stock worth $39,000 after purchasing an additional 61 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Alex G. Balazs sold 882 shares of Intuit stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total transaction of $689,397.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark P. Notarainni sold 1,147 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total transaction of $887,663.30. Following the transaction, the executive vice president owned 19 shares in the company, valued at $14,704.10. This represents a 98.37% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,213 shares of company stock valued at $7,115,570. 2.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Zacks Research lowered shares of Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. KeyCorp decreased their price target on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Bank of America decreased their target price on shares of Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Morgan Stanley decreased their target price on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $850.00 target price on shares of Intuit in a research report on Tuesday, September 2nd. 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 given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $797.62.

Intuit Price Performance

NASDAQ:INTU traded down $0.79 on Tuesday, hitting $670.89. The company had a trading volume of 1,254,198 shares, compared to its average volume of 2,090,479. The stock has a market capitalization of $187.04 billion, a price-to-earnings ratio of 48.83, a PEG ratio of 2.59 and a beta of 1.26. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average of $735.18 and a two-hundred day moving average of $682.05. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $3.83 billion during 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%. The firm's revenue was up 20.3% compared to the same quarter last year. During the same quarter in the prior 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 earnings per share for the current year.

Intuit Increases Dividend

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

Intuit 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.