Clear Creek Financial Management LLC Sells 30 Shares of Intuit Inc. $INTU

Clear Creek Financial Management LLC cut its stake in shares of Intuit Inc. (NASDAQ:INTU) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 792 shares of the software maker’s stock after selling 30 shares during the period. Clear Creek Financial Management LLC’s holdings in Intuit were worth $624,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Navera Investment Management Ltd. increased its position in shares of Intuit by 0.4% in the second quarter. Navera Investment Management Ltd. now owns 420,555 shares of the software maker’s stock worth $331,203,000 after purchasing an additional 1,607 shares during the last quarter. Detalus Advisors LLC bought a new position in shares of Intuit in the second quarter worth approximately $206,000. Northern Financial Advisors Inc increased its position in shares of Intuit by 1.3% in the second quarter. Northern Financial Advisors Inc now owns 1,209 shares of the software maker’s stock worth $952,000 after purchasing an additional 15 shares during the last quarter. Abel Hall LLC increased its position in shares of Intuit by 14.8% in the second quarter. Abel Hall LLC now owns 442 shares of the software maker’s stock worth $348,000 after purchasing an additional 57 shares during the last quarter. Finally, Mirova US LLC bought a new position in shares of Intuit in the second quarter worth approximately $2,535,000. 83.66% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the sale, the chief financial officer owned 1,295 shares of the company’s stock, valued at approximately $876,792.70. This represents a 47.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the sale, the director directly owned 14,475 shares of the company’s stock, valued at approximately $9,570,146.25. This trade represents a 2.25% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,407 shares of company stock valued at $1,614,913. 2.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on INTU shares. KeyCorp decreased 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. BMO Capital Markets upped their price objective on shares of Intuit from $820.00 to $870.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Wall Street Zen lowered Intuit from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Oppenheimer upped their target price on Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Finally, Rothschild & Co Redburn upped 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. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and a consensus price target of $791.82.

Intuit Stock Down 0.5%

Shares of INTU opened at $641.79 on Friday. The firm has a market cap of $178.93 billion, a P/E ratio of 46.71, a P/E/G ratio of 2.49 and a beta of 1.25. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a 50 day simple moving average of $686.93 and a two-hundred day simple moving average of $693.10.

Intuit (NASDAQ:INTU) last released its quarterly earnings data 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 analyst estimates of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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, analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend 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 34.93%.

About Intuit

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.