Sather Financial Group Inc Sells 4,831 Shares of Intuit Inc. $INTU

Key Points

• Sather Financial Group Inc reduced its stake in Intuit Inc. by 7.2%, selling 4,831 shares to end with 62,071 shares, worth approximately $48.89 million.
• Analysts have mixed ratings on Intuit, with an average price target of $791.82 and varying recommendations, including upgrades to "buy" and downgrades to "hold."
• Intuit plans to pay a quarterly dividend of $1.20 per share on October 17th, an increase from the previous $1.04 dividend, which reflects a positive change in its dividend policy.

Sather Financial Group Inc lowered its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 7.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,071 shares of the software maker's stock after selling 4,831 shares during the quarter. Intuit makes up approximately 2.9% of Sather Financial Group Inc's holdings, making the stock its 16th biggest holding. Sather Financial Group Inc's holdings in Intuit were worth $48,889,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Concurrent Investment Advisors LLC increased its position in shares of Intuit by 6.6% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 5,585 shares of the software maker's stock worth $4,399,000 after purchasing an additional 348 shares in the last quarter. Johnson Investment Counsel Inc. increased its position in shares of Intuit by 0.4% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 83,041 shares of the software maker's stock worth $65,406,000 after purchasing an additional 309 shares in the last quarter. Natural Investments LLC increased its position in shares of Intuit by 26.7% during the 2nd quarter. Natural Investments LLC now owns 1,133 shares of the software maker's stock worth $892,000 after purchasing an additional 239 shares in the last quarter. Bey Douglas LLC increased its position in shares of Intuit by 37.8% during the 2nd quarter. Bey Douglas LLC now owns 13,407 shares of the software maker's stock worth $10,560,000 after purchasing an additional 3,677 shares in the last quarter. Finally, Fulcrum Capital LLC increased its position in shares of Intuit by 1.6% during the 2nd quarter. Fulcrum Capital LLC now owns 12,387 shares of the software maker's stock worth $9,756,000 after purchasing an additional 195 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on INTU shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of Intuit in a research report on Wednesday. CLSA started coverage on shares of Intuit in a research report on Thursday, June 26th. They set an "outperform" rating and a $900.00 target price for the company. Zacks Research cut shares of Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Wall Street Zen upgraded shares of Intuit from a "hold" rating to a "buy" rating in a research report on Sunday. Finally, Stifel Nicolaus lowered their price objective on shares of Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $791.82.

Intuit Stock Down 0.5%

Shares of NASDAQ:INTU opened at $641.79 on Friday. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The company has a 50 day moving average of $686.93 and a 200-day moving average of $693.65. 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 has a market cap of $178.93 billion, a price-to-earnings ratio of 46.71, a P/E/G ratio of 2.48 and a beta of 1.25.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. 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 company 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. On average, sell-side analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current 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 given a dividend of $1.20 per share. 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 positive change from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio is presently 34.93%.

Insider Transactions at Intuit

In other news, CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the sale, the chief financial officer owned 1,295 shares in the company, valued at $876,792.70. The trade was a 47.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Scott D. Cook sold 529 shares of Intuit 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 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 position. The disclosure for this sale can be found here. Insiders sold a total of 2,407 shares of company stock worth $1,614,913 in the last quarter. 2.68% of the stock is owned by company insiders.

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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