Union Bancaire Privee UBP SA Decreases Holdings in Intuit Inc. $INTU

Key Points

• Union Bancaire Privee UBP SA reduced its stake in Intuit Inc. by 3.6%, now holding approximately 154,227 shares valued at about $118.88 million.
• Insider transactions reveal CFO Sandeep Aujla sold 42 shares while EVP Alex G. Balazs sold 882 shares, indicating shifting ownership within the company.
• Intuit recently increased its quarterly dividend to $1.20, reflecting a positive change from its previous dividend of $1.04.

Union Bancaire Privee UBP SA lessened its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 3.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 154,227 shares of the software maker's stock after selling 5,709 shares during the period. Intuit comprises about 2.4% of Union Bancaire Privee UBP SA's holdings, making the stock its 12th biggest position. Union Bancaire Privee UBP SA owned about 0.06% of Intuit worth $118,883,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of INTU. Vista Cima Wealth Management LLC purchased a new position in shares of Intuit in the first quarter worth about $31,000. CBIZ Investment Advisory Services LLC increased its stake in shares of Intuit by 1,566.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock worth $31,000 after purchasing an additional 47 shares in the last quarter. TD Capital Management LLC increased its stake in shares of Intuit by 511.1% in the first quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after purchasing an additional 46 shares in the last quarter. Olde Wealth Management LLC purchased a new position in shares of Intuit in the first quarter worth about $37,000. Finally, Banque Transatlantique SA purchased a new position in shares of Intuit in the first quarter worth about $37,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Transactions at Intuit

In related news, CFO Sandeep Aujla sold 42 shares of the company's stock in a transaction on 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 sale, the chief financial officer directly owned 831 shares in the company, valued at $552,606.69. This represents a 4.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Alex G. Balazs sold 882 shares of the company's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total transaction of $689,397.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,141 shares of company stock worth $6,195,865. Corporate insiders own 2.68% of the company's stock.

Intuit Price Performance

INTU stock opened at $694.69 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The stock has a market cap of $193.68 billion, a PE ratio of 50.56, a P/E/G ratio of 2.69 and a beta of 1.26. The firm has a 50 day simple moving average of $708.67 and a two-hundred day simple moving average of $690.52.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $3.75 billion. During the same quarter in the previous year, the company earned $1.99 EPS. The business'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. On average, analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio (DPR) is presently 34.93%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Rothschild & Co Redburn lifted their target price on shares of Intuit from $560.00 to $670.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 23rd. Wells Fargo & Company set a $880.00 price objective on shares of Intuit and gave the company an "overweight" rating in a research note on Friday, June 13th. JPMorgan Chase & Co. reduced their price objective 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. BMO Capital Markets boosted their price objective on shares of Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Finally, Stifel Nicolaus reduced their price objective on shares of Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $791.82.

Intuit 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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