S Bank Fund Management Ltd Sells 1,090 Shares of Intuit Inc. $INTU

Key Points

• S Bank Fund Management Ltd has reduced its holdings in Intuit Inc. by 11.4%, selling 1,090 shares during the 2nd quarter, leaving it with 8,505 shares valued at approximately $6.7 million.
• Intuit recently announced an increase in its quarterly dividend from $1.04 to $1.20 per share, with the payment scheduled for October 17th for stockholders of record as of October 9th.
• Intuit reported a 20.3% year-over-year revenue growth for the last quarter, with earnings of $2.75 per share, surpassing analysts' expectations of $2.66.

S Bank Fund Management Ltd cut its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 11.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,505 shares of the software maker's stock after selling 1,090 shares during the quarter. Intuit comprises about 1.0% of S Bank Fund Management Ltd's portfolio, making the stock its 23rd biggest holding. S Bank Fund Management Ltd's holdings in Intuit were worth $6,699,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in INTU. Nuveen LLC bought a new stake in Intuit in the 1st quarter valued at $882,031,000. Nicholas Hoffman & Company LLC. bought a new stake in Intuit in the 1st quarter valued at $785,564,000. Price T Rowe Associates Inc. MD boosted its stake 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 purchasing an additional 649,212 shares during the period. Pictet Asset Management Holding SA boosted its stake in Intuit by 55.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,053,197 shares of the software maker's stock valued at $646,613,000 after purchasing an additional 375,742 shares during the period. Finally, Wellington Management Group LLP boosted its stake in Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock valued at $3,472,266,000 after purchasing an additional 358,328 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Insider Transactions at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of the company's stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the transaction, the chief financial officer owned 1,295 shares of the company's stock, valued at $876,792.70. This represents a 47.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Scott D. Cook sold 529 shares of the company'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 $351,779.71. Following the completion of the transaction, the director directly owned 6,162,547 shares of the company's stock, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,407 shares of company stock valued at $1,614,913. Corporate insiders own 2.68% of the company's stock.

Intuit Price Performance

Shares of NASDAQ INTU opened at $652.69 on Thursday. The stock has a market capitalization of $181.97 billion, a PE ratio of 47.50, a P/E/G ratio of 2.54 and a beta of 1.25. 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 business has a fifty day moving average price of $679.57 and a two-hundred day moving average price of $694.05. 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 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter in the previous year, the firm earned $1.99 EPS. Intuit's revenue was up 20.3% on a year-over-year basis. 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 predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal 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 issued a dividend of $1.20 per share. This is an increase from Intuit's previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit's payout ratio is presently 34.93%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on INTU. UBS Group reduced their price target on Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research note on Friday, August 22nd. JPMorgan Chase & Co. reduced their price target on Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Bank of America dropped their price objective on Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. BMO Capital Markets lifted their price objective on Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Finally, Oppenheimer lifted their price objective on Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $791.82.

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.

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