William Blair Investment Management LLC Cuts Position in Intuit Inc. $INTU

Key Points

• William Blair Investment Management LLC reduced its position in Intuit Inc. by 10.2%, now holding 517,131 shares, which represents about 1.1% of its total portfolio.
• Several large investors, including Invesco Ltd. and Charles Schwab Investment Management, have increased their holdings in Intuit, highlighting growing institutional interest.
• Intuit announced a quarterly dividend increase from $1.04 to $1.20 per share, representing an annualized payment of $4.80 and a dividend yield of 0.7%.

William Blair Investment Management LLC reduced its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 10.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 517,131 shares of the software maker's stock after selling 58,484 shares during the period. Intuit accounts for about 1.1% of William Blair Investment Management LLC's portfolio, making the stock its 13th largest holding. William Blair Investment Management LLC owned 0.19% of Intuit worth $407,308,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Invesco Ltd. lifted its holdings in Intuit by 1.2% in the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock valued at $1,890,282,000 after acquiring an additional 36,513 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Intuit by 4.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock valued at $1,130,718,000 after buying an additional 82,419 shares during the last quarter. Vident Advisory LLC grew its holdings 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 purchasing an additional 8,510 shares during the last quarter. Circle Wealth Management LLC grew its holdings 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 purchasing an additional 865 shares during the last quarter. Finally, Pinnacle Financial Partners Inc boosted 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 period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

INTU has been the subject of a number of recent analyst reports. Oppenheimer raised their price objective on shares of Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Barclays cut their price objective on Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. JPMorgan Chase & Co. cut their price target on Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Morgan Stanley dropped their price objective on Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Finally, CLSA initiated coverage on shares of Intuit in a research report on Thursday, June 26th. They set an "outperform" rating and a $900.00 price target for the company. One equities research 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, Intuit has a consensus rating of "Moderate Buy" and a consensus target price of $791.82.

Insider Buying and Selling at Intuit

In related news, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the sale, the chief financial officer directly owned 1,295 shares of the company's stock, valued at approximately $876,792.70. The trade was a 47.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,407 shares of company stock valued at $1,614,913 in the last quarter. Company insiders own 2.68% of the company's stock.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $661.39 on Friday. The firm's 50 day moving average is $675.52 and its two-hundred day moving average is $694.60. 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 P/E ratio of 48.14, a PEG ratio of 2.50 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 data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business's revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter last year, the business earned $1.99 earnings per share. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were paid 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 was Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit's dividend payout ratio (DPR) is 34.93%.

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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