Invesco LLC Sells 232 Shares of Intuit Inc. $INTU

Invesco LLC trimmed its holdings in Intuit Inc. (NASDAQ:INTU) by 27.0% in the second quarter, Holdings Channel reports. The fund owned 627 shares of the software maker’s stock after selling 232 shares during the period. Invesco LLC’s holdings in Intuit were worth $494,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of INTU. 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 worth $16,780,536,000 after purchasing an additional 294,993 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Intuit by 7.8% in the first 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 buying an additional 649,212 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Intuit by 6.8% in the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after buying an additional 358,328 shares during the period. Brown Advisory Inc. increased its position in shares of Intuit by 7.9% during the first quarter. Brown Advisory Inc. now owns 3,444,600 shares of the software maker’s stock worth $2,114,950,000 after acquiring an additional 252,265 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Intuit by 1.2% during the first 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 during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Price Performance

NASDAQ:INTU opened at $698.26 on Monday. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The company has a market cap of $194.67 billion, a P/E ratio of 50.82, a P/E/G ratio of 2.69 and a beta of 1.26. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The stock’s 50-day simple moving average is $710.05 and its 200 day simple moving average is $689.85.

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 analysts’ consensus estimates of $2.66 by $0.09. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business’s revenue was up 20.3% compared to the same quarter last year. During the same period last year, the company 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, sell-side analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently announced 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. The ex-dividend date is Thursday, October 9th. This is a positive change 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%. Intuit’s dividend payout ratio is presently 30.28%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company set a $880.00 target price on shares of Intuit and gave the stock an “overweight” rating in a research note on Friday, June 13th. Bank of America cut their price target on Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. KeyCorp reduced their price objective on Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Rothschild & Co Redburn increased their price objective on Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a report on Tuesday, September 23rd. Finally, UBS Group cut their target price on Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $791.82.

Insider Activity

In other Intuit news, EVP Alex G. Balazs sold 882 shares of the stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sandeep Aujla sold 42 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $27,929.58. Following the transaction, the chief financial officer owned 831 shares in the company, valued at $552,606.69. This represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,141 shares of company stock valued at $6,195,865. 2.68% of the stock is owned by corporate insiders.

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.