Plato Investment Management Ltd Sells 1,968 Shares of Intuit Inc. $INTU

Key Points

• Plato Investment Management Ltd has reduced its holdings in Intuit Inc. by 18.6%, now owning 8,630 shares, valued at approximately $5.36 million.
• Other institutional investors, including Vanguard Group and Price T Rowe Associates, have increased their stakes in Intuit, reflecting strong institutional interest with a total of 83.66% of the company owned by such investors.
• Intuit reported a 20.3% year-over-year revenue growth in its recent earnings, with a consensus EPS target of $14.09 for the current year.

Plato Investment Management Ltd lessened its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 18.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,630 shares of the software maker's stock after selling 1,968 shares during the period. Plato Investment Management Ltd's holdings in Intuit were worth $5,356,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INTU. GAMMA Investing LLC grew its position in Intuit by 69,701.9% in the 1st quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock valued at $17,348,790,000 after buying an additional 2,821,534 shares in the last quarter. Nuveen LLC acquired a new stake in Intuit in the 1st quarter valued at about $882,031,000. Nicholas Hoffman & Company LLC. acquired a new stake in Intuit in the 1st quarter valued at about $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Intuit by 33.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker's stock valued at $1,930,765,000 after acquiring an additional 771,232 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Intuit by 7.8% in 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 acquiring an additional 649,212 shares during the last quarter. Institutional investors own 83.66% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. UBS Group cut their price target on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a report on Friday, August 22nd. Morgan Stanley cut their price target on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. CLSA initiated coverage on shares of Intuit in a report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price target for the company. BMO Capital Markets raised their target price on shares of Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $850.00 target price on shares of Intuit in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Intuit currently has an average rating of "Moderate Buy" and an average target price of $797.62.

Intuit Trading Down 2.2%

Shares of INTU traded down $14.49 during midday trading on Friday, hitting $646.03. The stock had a trading volume of 2,202,010 shares, compared to its average volume of 2,153,284. The business has a 50-day simple moving average of $725.50 and a two-hundred day simple moving average of $683.46. 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 market cap of $180.11 billion, a P/E ratio of 47.02, a price-to-earnings-growth ratio of 2.55 and a beta of 1.26. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $1.99 earnings per share. 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, equities analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

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

Insiders Place Their Bets

In other news, CFO Sandeep Aujla sold 42 shares of the stock in a transaction that occurred on 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 $552,606.69. This represents a 4.81% 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, Director Scott D. Cook sold 529 shares of the 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 $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. This trade represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,879 shares of company stock valued at $7,558,613 over the last ninety days. Insiders own 2.68% of the company's stock.

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.