Three Bridge Wealth Advisors LLC Sells 1,828 Shares of Intuit Inc. $INTU

Key Points

• Three Bridge Wealth Advisors LLC sold 1,828 shares of Intuit Inc., reducing its stake by 70.8% in the second quarter; the fund now holds 754 shares valued at $594,000.
• Intuit has announced a quarterly dividend increase to $1.20 per share, up from $1.04, with the dividend payment date set for October 17th.
• Analysts have mixed views on Intuit, with a consensus rating of "Moderate Buy" and a target price of $791.82, while one analyst downgraded the stock from "Strong Buy" to "Hold."

Three Bridge Wealth Advisors LLC trimmed its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 70.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 754 shares of the software maker's stock after selling 1,828 shares during the period. Three Bridge Wealth Advisors LLC's holdings in Intuit were worth $594,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Invesco Ltd. raised its stake in shares of Intuit by 1.2% during the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after buying an additional 36,513 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Intuit by 4.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock worth $1,130,718,000 after buying an additional 82,419 shares during the last quarter. Vident Advisory LLC raised its stake in shares of Intuit by 22.1% during the first quarter. Vident Advisory LLC now owns 46,940 shares of the software maker's stock worth $28,821,000 after buying an additional 8,510 shares during the last quarter. Circle Wealth Management LLC raised its stake in shares of Intuit by 33.4% during the first quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock worth $2,119,000 after buying an additional 865 shares during the last quarter. Finally, Pinnacle Financial Partners Inc raised its stake in shares of Intuit by 3.6% during the first quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock worth $10,922,000 after buying an additional 623 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Weiss Ratings restated a "buy (b-)" rating on shares of Intuit in a report on Saturday, September 27th. UBS Group decreased their price objective on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a report on Friday, August 22nd. Royal Bank Of Canada restated an "outperform" rating and set a $850.00 price objective on shares of Intuit in a report on Tuesday, September 2nd. Finally, Zacks Research cut shares of Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, Intuit currently has an average rating of "Moderate Buy" and a consensus target price of $791.82.

Insider Activity

In other news, EVP Alex G. Balazs sold 882 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sandeep Aujla sold 42 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $27,929.58. Following the completion of the transaction, the chief financial officer directly owned 831 shares in the company, valued at $552,606.69. The trade was a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,785 shares of company stock valued at $2,029,299. 2.68% of the stock is owned by insiders.

Intuit Stock Performance

Shares of INTU opened at $679.94 on Friday. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The firm has a fifty day simple moving average of $700.95 and a 200 day simple moving average of $692.11. The stock has a market capitalization of $189.57 billion, a price-to-earnings ratio of 49.49, a PEG ratio of 2.62 and a beta of 1.25. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (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 firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the firm posted $1.99 earnings per share. The company's quarterly revenue was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Research analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be given 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 of this dividend is Thursday, October 9th. Intuit's payout ratio is currently 30.28%.

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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