M&G PLC decreased its position in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 418,622 shares of the software maker’s stock after selling 16,596 shares during the quarter. M&G PLC’s holdings in Intuit were worth $115,540,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Fiduciary Financial Advisors acquired a new position in shares of Intuit in the 2nd quarter valued at approximately $25,000. Osbon Capital Management LLC acquired a new stake in shares of Intuit during the 2nd quarter worth approximately $26,000. MidFirst Bank bought a new position in Intuit in the second quarter valued at approximately $28,000. James T. Borello RIA increased its stake in Intuit by 350.0% in the third quarter. James T. Borello RIA now owns 108 shares of the software maker’s stock valued at $30,000 after acquiring an additional 84 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in Intuit during the second quarter valued at approximately $33,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have weighed in on INTU shares. The Goldman Sachs Group restated a “sell” rating on shares of Intuit in a research note on Thursday, September 24th. Barclays decreased their price target on Intuit from $443.00 to $408.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 26th. Royal Bank Of Canada reissued an “outperform” rating and set a $385.00 price target on shares of Intuit in a report on Friday, October 2nd. Wolfe Research cut Intuit from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 26th. Finally, Susquehanna dropped their price objective on Intuit from $427.00 to $415.00 and set a “positive” rating for the company in a research report on Wednesday, August 26th. Sixteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Intuit currently has a consensus rating of “Hold” and a consensus target price of $431.68.
Check Out Our Latest Stock Report on Intuit
Insider Buying and Selling at Intuit
In related news, CAO Lauren Hotz sold 907 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the sale, the chief accounting officer owned 1,628 shares in the company, valued at $564,167.12. The trade was a 35.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard Dalzell sold 285 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the transaction, the director directly owned 11,531 shares of the company’s stock, valued at approximately $3,751,726.16. The trade was a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.49% of the company’s stock.
Intuit Price Performance
INTU stock opened at $338.23 on Tuesday. The stock has a market cap of $90.39 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 1.18 and a beta of 0.91. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51. The company has a 50 day simple moving average of $318.21 and a 200 day simple moving average of $356.20. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $682.27.
Intuit (NASDAQ:INTU – Get Free Report) last issued its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business posted $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Research analysts anticipate that Intuit Inc. will post 23.02 EPS for the current fiscal year.
Intuit Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 8th were issued a dividend of $1.38 per share. This is a positive change from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. Intuit’s dividend payout ratio (DPR) is 33.45%.
About Intuit
Intuit Inc develops financial management and business software for consumers, small businesses, and accounting professionals. Its products and services help users manage personal finances, prepare taxes, run businesses, handle payments, and support marketing activities.
Its offerings include TurboTax for tax preparation, QuickBooks for accounting and business management, Credit Karma for personal finance, and Mailchimp for email marketing and customer engagement. Intuit serves customers in the United States and other markets around the world.
Founded in 1983 by Scott Cook and Tom Proulx, Intuit is headquartered in Mountain View, California.
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