Thurston Springer Miller Herd & Titak Inc. Decreases Stock Holdings in Intuit Inc. $INTU

Thurston Springer Miller Herd & Titak Inc. lessened its stake in shares of Intuit Inc. (NASDAQ:INTU) by 90.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 242 shares of the software maker’s stock after selling 2,301 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Intuit were worth $165,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after purchasing an additional 1,350 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after buying an additional 482 shares during the last quarter. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit in the first quarter worth $785,564,000. American Century Companies Inc. increased its position in Intuit by 61.3% during the first quarter. American Century Companies Inc. now owns 81,535 shares of the software maker’s stock valued at $50,062,000 after acquiring an additional 31,001 shares during the last quarter. Finally, Versor Investments LP purchased a new stake in Intuit during the first quarter valued at $545,000. 83.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

INTU has been the subject of several research reports. Bank of America reduced their price target on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. BMO Capital Markets cut their target price on shares of Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Evercore ISI reaffirmed an “outperform” rating and set a $875.00 target price on shares of Intuit in a report on Tuesday, November 18th. Daiwa Capital Markets increased their price target on shares of Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Finally, Wells Fargo & Company dropped their price target on shares of Intuit from $880.00 to $840.00 and set an “overweight” rating on the stock in a research note on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $796.60.

Intuit Price Performance

NASDAQ INTU opened at $669.35 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The stock has a market cap of $186.26 billion, a price-to-earnings ratio of 45.75, a PEG ratio of 2.68 and a beta of 1.27. The company’s 50 day moving average is $656.86 and its two-hundred day moving average is $703.27.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The company’s revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

Insider Activity

In related news, Director Scott D. Cook sold 75,000 shares of Intuit stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $658.84, for a total transaction of $49,413,000.00. Following the sale, the director owned 5,893,679 shares of the company’s stock, valued at approximately $3,882,991,472.36. This trade represents a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the transaction, the director owned 13,476 shares of the company’s stock, valued at $8,893,486.20. The trade was a 2.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 269,799 shares of company stock worth $176,627,160 over the last ninety days. Corporate insiders own 2.49% of the company’s stock.

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.