Uhlmann Price Securities LLC Lowers Position in Intuit Inc. $INTU

Key Points

• Uhlmann Price Securities LLC reduced its stake in Intuit Inc. by 11.8% during Q2, holding 8,535 shares valued at $6.72 million.
• Intuit reported a 20.3% year-over-year increase in revenue, totaling $3.83 billion, and a net margin of 20.55% for the last quarter.
• The company declared a quarterly dividend of $1.20 per share, showing an increase from the previous dividend of $1.04.

Uhlmann Price Securities LLC decreased its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 11.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,535 shares of the software maker's stock after selling 1,137 shares during the quarter. Intuit comprises approximately 4.8% of Uhlmann Price Securities LLC's portfolio, making the stock its 2nd biggest holding. Uhlmann Price Securities LLC's holdings in Intuit were worth $6,721,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of INTU. Nuveen LLC bought a new position in shares of Intuit in the first quarter worth $882,031,000. Nicholas Hoffman & Company LLC. bought a new position in shares of Intuit in the first quarter worth $785,564,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Intuit by 7.8% in the first 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 purchasing an additional 649,212 shares during the period. Pictet Asset Management Holding SA increased its holdings in shares of Intuit by 55.5% in the first quarter. Pictet Asset Management Holding SA now owns 1,053,197 shares of the software maker's stock worth $646,613,000 after purchasing an additional 375,742 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of Intuit by 6.8% in the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock worth $3,472,266,000 after purchasing an additional 358,328 shares during the period. Institutional investors own 83.66% of the company's stock.

Intuit Stock Up 2.2%

Shares of NASDAQ:INTU opened at $661.39 on Monday. The firm has a fifty day moving average of $675.52 and a 200 day moving average of $695.79. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The firm has a market capitalization of $184.40 billion, a PE ratio of 48.14, a price-to-earnings-growth ratio of 2.55 and a beta of 1.25.

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, beating 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 business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the business posted $1.99 earnings per share. The company'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, research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were given a dividend of $1.20 per share. The ex-dividend date was Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit's dividend payout ratio (DPR) is currently 34.93%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $850.00 price target on shares of Intuit in a report on Tuesday, September 2nd. BMO Capital Markets upped their price target on shares of Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Morgan Stanley decreased their price target on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Zacks Research lowered shares of Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Finally, Bank of America cut their target price on shares of Intuit from $875.00 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 given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $791.82.

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the sale, the director directly owned 14,475 shares in the company, valued at $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Scott D. Cook sold 529 shares of the company's stock in a transaction dated Monday, August 25th. The shares were 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. The trade was a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,407 shares of company stock worth $1,614,913 over the last three months. Company insiders own 2.68% of the company's stock.

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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