Intuit Inc. $INTU Shares Sold by Suncoast Equity Management

Suncoast Equity Management trimmed its position in shares of Intuit Inc. (NASDAQ:INTU) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,045 shares of the software maker’s stock after selling 330 shares during the period. Intuit makes up 5.8% of Suncoast Equity Management’s portfolio, making the stock its 4th biggest position. Suncoast Equity Management’s holdings in Intuit were worth $56,745,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Westside Investment Management Inc. grew its holdings in Intuit by 161.5% during the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after purchasing an additional 21 shares in the last quarter. Dogwood Wealth Management LLC grew its holdings in Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after purchasing an additional 19 shares in the last quarter. LGT Financial Advisors LLC acquired a new stake in Intuit during the 2nd quarter valued at $32,000. RMG Wealth Management LLC acquired a new stake in Intuit during the 2nd quarter valued at $37,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in Intuit by 1,566.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock valued at $31,000 after purchasing an additional 47 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

INTU has been the subject of a number of recent analyst reports. Barclays lowered their price target on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. UBS Group decreased their price objective on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a report on Friday, August 22nd. Morgan Stanley decreased their price objective on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Zacks Research lowered shares of Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Finally, Bank of America decreased their price objective on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $791.82.

Insider Activity

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

Intuit Trading Down 0.8%

NASDAQ INTU opened at $655.33 on Thursday. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The company has a 50-day simple moving average of $669.31 and a 200-day simple moving average of $704.15. 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 firm has a market capitalization of $182.71 billion, a PE ratio of 47.70, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the business posted $1.99 EPS. The company’s quarterly revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, equities analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, October 9th were issued a $1.20 dividend. This is a boost from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit’s dividend payout ratio (DPR) is presently 34.93%.

Intuit Company 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.