Intuit Inc. $INTU Shares Sold by Procyon Advisors LLC

Key Points

• Procyon Advisors LLC reduced its stake in Intuit Inc. by 24.0% in the second quarter, owning 2,334 shares worth $1,838,000 after selling 737 shares during the period.
• Intuit recently announced a quarterly dividend increase to $1.20 per share, up from $1.04, which will be paid on October 17th, representing a 0.7% dividend yield.
• Analyst ratings for Intuit show a consensus rating of "Moderate Buy", with a target price averaging around $797.62, reflecting optimism about its future performance.

Procyon Advisors LLC decreased its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 24.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,334 shares of the software maker's stock after selling 737 shares during the quarter. Procyon Advisors LLC's holdings in Intuit were worth $1,838,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTU. Invesco Ltd. raised its stake in shares of Intuit by 1.2% in the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock valued at $1,890,282,000 after acquiring an additional 36,513 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Intuit by 4.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock valued at $1,130,718,000 after acquiring an additional 82,419 shares in the last quarter. Vident Advisory LLC raised its stake in shares of Intuit by 22.1% in the first quarter. Vident Advisory LLC now owns 46,940 shares of the software maker's stock valued at $28,821,000 after acquiring an additional 8,510 shares in the last quarter. Circle Wealth Management LLC raised its stake in shares of Intuit by 33.4% in the first quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock valued at $2,119,000 after acquiring an additional 865 shares in the last quarter. Finally, Pinnacle Financial Partners Inc raised its stake in shares of Intuit by 3.6% in the first quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock valued at $10,922,000 after acquiring an additional 623 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company's stock.

Intuit Stock Performance

Shares of INTU stock traded up $12.28 during mid-day trading on Thursday, hitting $674.96. 3,006,621 shares of the stock were exchanged, compared to its average volume of 2,141,777. The stock's fifty day simple moving average is $716.65 and its two-hundred day simple moving average is $684.44. The stock has a market capitalization of $188.18 billion, a price-to-earnings ratio of 49.12, a P/E/G ratio of 2.56 and a beta of 1.26. Intuit Inc. has a 12-month low of $532.65 and a 12-month 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.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the company posted $1.99 earnings per share. The business's quarterly revenue was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, 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. Investors of record on Thursday, October 9th will be issued a dividend of $1.20 per share. This is an increase from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Intuit's dividend payout ratio is 30.28%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Zacks Research cut Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. KeyCorp reduced their price objective on Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. JPMorgan Chase & Co. dropped their target price on Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Bank of America cut their price target on Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Finally, Morgan Stanley cut their price target on Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $797.62.

Insider Activity

In related news, EVP Alex G. Balazs sold 882 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total transaction of $689,397.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Lauren D. Hotz sold 1,738 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $784.09, for a total transaction of $1,362,748.42. Following the completion of the sale, the chief accounting officer owned 455 shares of the company's stock, valued at approximately $356,760.95. The trade was a 79.25% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,879 shares of company stock valued at $7,558,613. Insiders own 2.68% of the company's stock.

About Intuit

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.