Sequoia Financial Advisors LLC Sells 10,830 Shares of Intuit Inc. $INTU

Key Points

• Sequoia Financial Advisors cut its Intuit stake by 48.6%, selling 10,830 shares in the second quarter and retaining 11,451 shares worth approximately $2.99 million. Institutional investors collectively own 83.66% of Intuit.
• Intuit reported stronger-than-expected quarterly results, with EPS of $4.03 versus the $3.58 consensus estimate and revenue of $4.35 billion, up 13.7% year over year.
• The company raised its quarterly dividend from $1.20 to $1.38 per share, equivalent to an annualized $5.52 payout and a 1.7% yield. Analysts remain mixed, with a consensus “Hold” rating and an average price target of $430.97.

Sequoia Financial Advisors LLC decreased its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 48.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,451 shares of the software maker's stock after selling 10,830 shares during the period. Sequoia Financial Advisors LLC's holdings in Intuit were worth $2,989,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Intesa Sanpaolo Wealth Management bought a new stake in Intuit during the 4th quarter worth approximately $25,000. Pin Oak Investment Advisors Inc. bought a new position in Intuit in the 3rd quarter valued at $33,000. Birchwood Financial Partners Inc. acquired a new position in Intuit in the fourth quarter worth $33,000. Fiduciary Financial Advisors acquired a new position in Intuit in the second quarter worth $25,000. Finally, Sankala Group LLC bought a new stake in shares of Intuit during the fourth quarter worth $40,000. Institutional investors own 83.66% of the company's stock.

Insider Buying and Selling

In other Intuit news, Director Richard Dalzell sold 285 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the sale, the director owned 11,531 shares of the company's stock, valued at approximately $3,751,726.16. This represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the sale, the chief accounting officer owned 1,628 shares in the company, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,760 shares of company stock valued at $561,683. Corporate insiders own 2.49% of the company's stock.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Royal Bank of Canada reaffirmed its “outperform” rating and set a $385 price target, implying meaningful upside from recent trading levels. The endorsement supports the view that Intuit’s valuation does not fully reflect its long-term growth opportunities.
• Positive Sentiment: Intuit’s CFO outlined plans to build an “end-to-end consumer platform” spanning tax, personal finance, credit and other financial-management services. Greater integration across TurboTax, Credit Karma and related products could increase customer engagement, cross-selling and recurring revenue. Intuit CFO outlines consumer platform strategy
• Positive Sentiment: A review of Intuit’s latest quarterly results highlighted its earnings beat and double-digit revenue growth, reinforcing the company’s strong fundamental performance relative to parts of the finance and human-resources software sector. Intuit Q2 earnings review
• Neutral Sentiment: Director Richard Dalzell sold 285 shares worth approximately $92,728 under a pre-arranged Rule 10b5-1 trading plan. The transaction reduced his ownership by 2.41%, but its planned nature limits its value as a signal about management’s current outlook. Intuit insider transaction filing
• Negative Sentiment: A tax-policy analysis criticized Intuit for reportedly paying no federal corporate income tax, potentially renewing reputational and regulatory concerns surrounding TurboTax and the tax-preparation industry. The report is unlikely to affect near-term earnings but may add headline risk. ITEP analysis of Intuit’s federal taxes

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Freedom Capital lowered Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 21st. TD Cowen reissued a "buy" rating on shares of Intuit in a report on Tuesday, August 18th. BNP Paribas Exane lowered their price objective on shares of Intuit from $463.00 to $315.00 and set a "neutral" rating for the company in a research report on Thursday, May 21st. HSBC dropped their target price on shares of Intuit from $897.00 to $707.00 and set a "buy" rating for the company in a research note on Friday, May 22nd. Finally, Northcoast Research reduced their target price on shares of Intuit from $575.00 to $465.00 and set a "buy" rating on the stock in a research report on Thursday, May 21st. Seventeen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $430.97.

Intuit Price Performance

Shares of Intuit stock opened at $321.57 on Monday. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $705.08. The business has a fifty day simple moving average of $320.93 and a 200 day simple moving average of $352.02. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The stock has a market cap of $85.94 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 0.92 and a beta of 0.98.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.45. The company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The company's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Research analysts predict that Intuit Inc. will post 23.49 EPS for the current year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be issued a dividend of $1.38 per share. This is an increase from Intuit's previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Thursday, October 8th. Intuit's dividend payout ratio is presently 29.09%.

About Intuit

Intuit Inc is a financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, tax obligations and customer relationships. The company is headquartered in Mountain View, California, and serves customers primarily in the United States and Canada, with additional international availability for certain products.

Its principal offerings include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, invoicing, payroll and payments tools for small businesses and self-employed individuals; Credit Karma, a personal finance platform offering credit monitoring and related financial products; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.

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