Intuit Inc. $INTU Shares Sold by Diversified Trust Co

Diversified Trust Co trimmed its stake in Intuit Inc. (NASDAQ:INTU) by 1.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 7,184 shares of the software maker’s stock after selling 92 shares during the period. Diversified Trust Co’s holdings in Intuit were worth $5,658,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Copia Wealth Management purchased a new position in shares of Intuit in the 4th quarter valued at $25,000. Heck Capital Advisors LLC purchased a new position in shares of Intuit in the 4th quarter valued at $28,000. CBIZ Investment Advisory Services LLC grew its position in shares of 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 during the last quarter. TD Capital Management LLC grew its position in shares of 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 during the last quarter. Finally, Olde Wealth Management LLC purchased a new position in shares of Intuit in the 1st quarter valued at $37,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Stock Up 1.9%

Shares of NASDAQ:INTU opened at $687.92 on Friday. The company has a market cap of $191.79 billion, a price-to-earnings ratio of 50.07, a PEG ratio of 2.61 and a beta of 1.26. The firm’s 50-day simple moving average is $715.45 and its 200-day simple moving average is $685.06. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. As a group, equities research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be issued a dividend of $1.20 per share. This is an increase from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Intuit’s payout ratio is presently 30.28%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Evercore ISI increased their target price on shares of Intuit from $685.00 to $785.00 and gave the company an “outperform” rating in a research report on Friday, May 23rd. Jefferies Financial Group set a $850.00 price objective on shares of Intuit and gave the stock a “buy” rating in a research report on Friday, May 23rd. Bank of America lowered their price objective on shares of Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. KeyCorp lowered their price objective on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Finally, Oppenheimer raised their price objective on shares of Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Intuit currently has an average rating of “Moderate Buy” and a consensus target price of $797.62.

Insider Activity

In related news, EVP Mark P. Notarainni sold 1,147 shares of the business’s stock in a transaction dated 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 owned 19 shares of the company’s stock, valued at approximately $14,704.10. The trade was a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the transaction, the director owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. The trade was a 2.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,879 shares of company stock valued at $7,558,613 in the last quarter. 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.