Quintet Private Bank Europe S.A. Has $2.01 Million Position in Intuit Inc. $INTU

Key Points

• Quintet Private Bank Europe S.A. has reduced its stake in Intuit Inc. by 22.6%, holding a total of 2,557 shares valued at approximately $2.01 million after selling 746 shares during the second quarter.
• Intuit's quarterly earnings exceeded expectations, with a reported EPS of $2.75, surpassing estimates by $0.09, and a revenue of $3.83 billion for the quarter.
• The company has announced an increase in its quarterly dividend to $1.20 per share, reflecting an annualized dividend of $4.80 and a yield of 0.7%.

Quintet Private Bank Europe S.A. lessened its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 22.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,557 shares of the software maker's stock after selling 746 shares during the quarter. Quintet Private Bank Europe S.A.'s holdings in Intuit were worth $2,014,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Copia Wealth Management acquired a new stake in shares of Intuit in the 4th quarter valued at $25,000. Heck Capital Advisors LLC bought a new position in shares of Intuit in the 4th quarter valued at $28,000. CBIZ Investment Advisory Services LLC lifted its stake in shares of Intuit by 1,566.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock valued at $31,000 after acquiring an additional 47 shares during the last quarter. TD Capital Management LLC lifted its stake in shares of Intuit by 511.1% in the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock valued at $34,000 after acquiring an additional 46 shares during the last quarter. Finally, Olde Wealth Management LLC bought a new position in shares of Intuit in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on INTU shares. Zacks Research cut Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Barclays lowered their target price on Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Wells Fargo & Company set a $880.00 target price on Intuit and gave the stock an "overweight" rating in a research report on Friday, June 13th. The Goldman Sachs Group raised their target price on Intuit from $750.00 to $860.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Finally, KeyCorp lowered their target price on Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Intuit has an average rating of "Moderate Buy" and an average price target of $797.62.

Intuit Stock Performance

INTU stock opened at $646.03 on Monday. The stock has a 50-day moving average price of $725.50 and a 200-day moving average price of $684.04. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. 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 $180.12 billion, a PE ratio of 47.02, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business's quarterly revenue was up 20.3% on a year-over-year basis. During the same period last year, the company posted $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, equities research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be paid a $1.20 dividend. The ex-dividend date is Thursday, October 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. This is a boost from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio (DPR) is 34.93%.

Insider Buying and Selling

In other news, CFO Sandeep Aujla sold 42 shares of the firm's stock in a transaction dated Monday, August 25th. The stock was 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 in the company, valued at $552,606.69. This trade represents a 4.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Scott D. Cook sold 529 shares of the firm'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 $351,779.71. Following the completion of the sale, the director 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 disclosure for this sale can be found here. Insiders sold a total of 9,879 shares of company stock worth $7,558,613 over the last 90 days. 2.68% of the stock is owned by company insiders.

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.

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