Corundum Group Inc. Sells 21 Shares of Intuit Inc. $INTU

Corundum Group Inc. lessened its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 4.6% in the second quarter, HoldingsChannel.com reports. The firm owned 433 shares of the software maker’s stock after selling 21 shares during the period. Corundum Group Inc.’s holdings in Intuit were worth $341,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Intuit by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 27,330,309 shares of the software maker’s stock valued at $16,780,536,000 after purchasing an additional 294,993 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Intuit by 7.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock valued at $5,537,435,000 after purchasing an additional 649,212 shares in the last quarter. Wellington Management Group LLP increased its stake in Intuit by 6.8% during the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after purchasing an additional 358,328 shares in the last quarter. Brown Advisory Inc. increased its stake in Intuit by 7.9% during the 1st quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker’s stock valued at $2,114,950,000 after purchasing an additional 252,265 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Intuit by 1.2% in the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock worth $1,890,282,000 after acquiring an additional 36,513 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on INTU shares. Rothschild & Co Redburn upped 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. Bank of America reduced their target price on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. BMO Capital Markets upped their target price on shares of Intuit from $820.00 to $870.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. CLSA started coverage on shares of Intuit in a research note on Thursday, June 26th. They issued an “outperform” rating and a $900.00 target price for the company. Finally, Barclays reduced their target price on shares of Intuit from $815.00 to $785.00 and set an “overweight” 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-one have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Intuit currently has a consensus 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 sale, the director directly owned 14,475 shares of the company’s stock, valued at $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Alex G. Balazs sold 882 shares of the company’s stock in a transaction dated 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. Insiders sold 2,785 shares of company stock valued at $2,029,299 in the last three months. 2.68% of the stock is owned by company insiders.

Intuit Price Performance

INTU opened at $679.94 on Friday. The firm has a market cap of $189.57 billion, a P/E ratio of 49.49, a PEG ratio of 2.63 and a beta of 1.25. The firm has a 50-day moving average of $700.95 and a 200 day moving average of $691.50. 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 fifty-two week low of $532.65 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly 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 company had revenue of $3.83 billion during 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 firm’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter in the prior 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. On average, research analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

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

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.