Pacer Advisors Inc. Trims Stake in Intuit Inc. $INTU

Pacer Advisors Inc. lowered its position in shares of Intuit Inc. (NASDAQ:INTU) by 13.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,645 shares of the software maker’s stock after selling 11,308 shares during the period. Pacer Advisors Inc.’s holdings in Intuit were worth $50,976,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. KMG Fiduciary Partners LLC increased its holdings in shares of Intuit by 1.8% in the 2nd quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock valued at $607,000 after acquiring an additional 14 shares during the period. Pinnacle Bancorp Inc. boosted its position in Intuit by 3.9% during the second quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock valued at $296,000 after purchasing an additional 14 shares in the last quarter. Weaver Capital Management LLC grew its stake in Intuit by 1.3% in the second quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker’s stock valued at $888,000 after purchasing an additional 14 shares during the last quarter. May Hill Capital LLC raised its holdings in Intuit by 4.2% in the second quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock worth $272,000 after purchasing an additional 14 shares in the last quarter. Finally, Peloton Wealth Strategists raised its holdings in Intuit by 0.3% in the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock worth $2,710,000 after purchasing an additional 15 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

In related news, Director Scott D. Cook sold 75,000 shares of the firm’s stock in a transaction dated 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 directly owned 5,893,679 shares of the company’s stock, valued at $3,882,991,472.36. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the transaction, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 270,897 shares of company stock worth $177,368,310. Insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

INTU has been the subject of a number of analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a research report on Wednesday, October 8th. Evercore ISI reaffirmed an “outperform” rating and set a $875.00 price target on shares of Intuit in a research report on Tuesday, November 18th. Independent Research set a $875.00 price objective on Intuit in a research report on Tuesday, November 18th. Rothschild & Co Redburn boosted their target price on Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. Finally, BMO Capital Markets decreased their price target on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $796.60.

Intuit Price Performance

Shares of NASDAQ INTU opened at $676.55 on Friday. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. The firm has a market cap of $188.27 billion, a P/E ratio of 46.24, a P/E/G ratio of 2.76 and a beta of 1.27. The business’s 50 day moving average price is $660.01 and its 200 day moving average price is $698.90.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating the consensus estimate of $3.09 by $0.25. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, sell-side analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

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

Intuit Company Profile

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.