UMB Bank n.a. Lowers Holdings in Intuit Inc. $INTU

Key Points

• UMB Bank n.a. has reduced its holdings in Intuit Inc. by 3.4% during the second quarter, retaining 38,202 shares valued at approximately $30.09 million.
• Intuit reported a 20.3% increase in revenue year-over-year, with quarterly earnings of $2.75 EPS, surpassing analysts' expectations.
• The company announced a quarterly dividend increase to $1.20 per share, an increase from the previous dividend of $1.04, with an ex-dividend date set for October 9.

UMB Bank n.a. reduced its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,202 shares of the software maker's stock after selling 1,355 shares during the quarter. UMB Bank n.a.'s holdings in Intuit were worth $30,089,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of INTU. Copia Wealth Management purchased a new stake in shares of Intuit during the 4th quarter worth about $25,000. Heck Capital Advisors LLC purchased a new stake in shares of Intuit during the 4th quarter worth about $28,000. Vista Cima Wealth Management LLC purchased a new stake in shares of Intuit during the 1st quarter worth about $31,000. CBIZ Investment Advisory Services LLC lifted its stake in Intuit by 1,566.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock valued at $31,000 after buying an additional 47 shares in the last quarter. Finally, TD Capital Management LLC lifted its stake in Intuit by 511.1% in the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock valued at $34,000 after buying an additional 46 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Stock Performance

NASDAQ:INTU opened at $687.92 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market capitalization of $191.79 billion, a P/E ratio of 50.07, a PEG ratio of 2.61 and a beta of 1.26. The company has a 50 day moving average price of $715.45 and a 200 day moving average price of $685.06. 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 issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 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 company had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter last year, the company posted $1.99 EPS. The firm's 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. Equities research analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently disclosed 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. 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 annualized dividend and a dividend yield of 0.7%. Intuit's dividend payout ratio is presently 30.28%.

Analyst Ratings Changes

A number of research analysts recently weighed in on INTU shares. Evercore ISI raised their price target on shares of Intuit from $685.00 to $785.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. CLSA initiated coverage on shares of Intuit in a report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price objective for the company. Jefferies Financial Group set a $850.00 price objective on shares of Intuit and gave the company a "buy" rating in a report on Friday, May 23rd. UBS Group cut 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. Finally, Zacks Research downgraded shares of Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Intuit presently has an average rating of "Moderate Buy" and an average price target of $797.62.

Insider Buying and Selling at Intuit

In related news, EVP Mark P. Notarainni sold 1,147 shares of Intuit stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total transaction of $887,663.30. Following the sale, the executive vice president directly owned 19 shares in the company, valued at $14,704.10. This trade represents a 98.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction 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 in the company, valued at $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,879 shares of company stock worth $7,558,613. 2.68% of the stock is currently 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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