Shelton Capital Management Trims Stock Position in Intuit Inc. $INTU

Shelton Capital Management decreased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,456 shares of the software maker’s stock after selling 400 shares during the quarter. Intuit comprises 0.8% of Shelton Capital Management’s holdings, making the stock its 18th largest holding. Shelton Capital Management’s holdings in Intuit were worth $32,652,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Intuit by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock worth $21,823,625,000 after purchasing an additional 377,657 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Intuit by 7.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock worth $5,537,435,000 after purchasing an additional 649,212 shares during the period. Geode Capital Management LLC increased its holdings in Intuit by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 6,423,636 shares of the software maker’s stock valued at $5,042,107,000 after purchasing an additional 115,721 shares during the last quarter. Wellington Management Group LLP raised its position in 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 purchasing an additional 358,328 shares during the period. Finally, Norges Bank acquired a new position in Intuit during the 2nd quarter worth about $3,268,830,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Stock Performance

Shares of INTU opened at $633.94 on Monday. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The company’s 50 day simple moving average is $663.60 and its 200 day simple moving average is $707.21. The company has a market capitalization of $176.49 billion, a price-to-earnings ratio of 46.14, a PEG ratio of 2.53 and a beta of 1.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.25. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the firm posted $2.50 EPS. Intuit’s revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, sell-side analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.8%. Intuit’s dividend payout ratio is currently 32.81%.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the transaction, the director directly owned 14,475 shares of the company’s stock, valued at $9,570,146.25. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the transaction, the chief financial officer owned 1,295 shares in the company, valued at $876,792.70. The trade was a 47.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,836 shares of company stock worth $1,235,203. Insiders own 2.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on INTU shares. Evercore ISI restated an “outperform” rating and issued a $875.00 price objective on shares of Intuit in a report on Tuesday, November 18th. Rothschild & Co Redburn lifted their price objective on shares of Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Zacks Research downgraded Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Intuit in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $798.20.

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.