Rockland Trust Co. Sells 954 Shares of Intuit Inc. $INTU

Key Points

• Rockland Trust Co. reduced its stake in Intuit Inc. by 2.5%, ending the second quarter with 37,030 shares valued at approximately $29.2 million, making Intuit its 21st largest holding.
• Intuit reported a quarterly earnings per share (EPS) of $2.75, exceeding analyst expectations, with revenue for the quarter at $3.83 billion, reflecting a year-over-year increase of 20.3%.
• The company has declared an increased quarterly dividend of $1.20 per share, payable on October 17th, representing an annualized yield of 0.7% and a positive change from the previous dividend of $1.04.

Rockland Trust Co. cut its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 37,030 shares of the software maker's stock after selling 954 shares during the quarter. Intuit accounts for 1.4% of Rockland Trust Co.'s portfolio, making the stock its 21st largest position. Rockland Trust Co.'s holdings in Intuit were worth $29,166,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of INTU. GAMMA Investing LLC boosted its stake in shares of Intuit by 69,701.9% during the 1st quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock worth $17,348,790,000 after acquiring an additional 2,821,534 shares in the last quarter. Nuveen LLC bought a new stake in shares of Intuit during the 1st quarter worth $882,031,000. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit during the 1st quarter worth $785,564,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Intuit by 7.8% during the 1st 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 acquiring an additional 649,212 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Intuit during the 4th quarter worth $237,244,000. 83.66% of the stock is owned by institutional investors.

Insider Activity at Intuit

In other Intuit news, EVP Mark P. Notarainni sold 1,147 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $773.90, for a total transaction of $887,663.30. Following the transaction, the executive vice president directly owned 19 shares in the company, valued at $14,704.10. This trade represents a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sandeep Aujla sold 2,591 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $782.22, for a total value of $2,026,732.02. Following the transaction, the chief financial officer owned 768 shares in the company, valued at approximately $600,744.96. This trade represents a 77.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,879 shares of company stock valued at $7,558,613. Insiders own 2.68% of the company's stock.

Intuit Stock Up 2.1%

INTU traded up $14.17 during trading on Monday, reaching $702.09. 2,403,184 shares of the stock traded hands, compared to its average volume of 2,059,445. The stock has a market cap of $195.74 billion, a price-to-earnings ratio of 51.10, a price-to-earnings-growth ratio of 2.66 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. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The stock's 50-day simple moving average is $714.44 and its two-hundred day simple moving average is $686.73.

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

Intuit Increases Dividend

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

Wall Street Analyst Weigh In

INTU has been the subject of several research reports. Stifel Nicolaus reduced their price objective on Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. JPMorgan Chase & Co. decreased their target price on Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Citigroup decreased their target price on Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. CLSA began coverage on Intuit in a research report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 target price for the company. Finally, Barclays decreased 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. One research 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 issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $797.62.

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.