Union Bancaire Privee UBP SA Reduces Holdings in Intuit Inc. $INTU

by · The Cerbat Gem

Union Bancaire Privee UBP SA lessened its holdings in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 10.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 137,539 shares of the software maker’s stock after selling 16,688 shares during the quarter. Intuit makes up 1.8% of Union Bancaire Privee UBP SA’s portfolio, making the stock its 12th largest holding. Union Bancaire Privee UBP SA’s holdings in Intuit were worth $96,263,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC boosted its holdings in Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after buying an additional 1,350 shares during the period. Revolve Wealth Partners LLC grew its position in Intuit by 145.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after acquiring an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. bought a new position in shares of Intuit during the 1st quarter valued at approximately $785,564,000. American Century Companies Inc. increased its position in Intuit by 61.3% during the first quarter. American Century Companies Inc. now owns 81,535 shares of the software maker’s stock valued at $50,062,000 after acquiring an additional 31,001 shares during the last quarter. Finally, Versor Investments LP bought a new position in Intuit during the 1st quarter valued at about $545,000. 83.66% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the transaction, the director owned 13,476 shares in the company, valued at $8,893,486.20. This represents a 2.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of the firm’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the transaction, the chief financial officer directly owned 1,295 shares in the company, valued at $876,792.70. This represents a 47.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 269,799 shares of company stock worth $176,627,160. Company insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on INTU. Zacks Research downgraded Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Wolfe Research cut their price objective on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating on the stock in a report on Monday. Citigroup reduced their target price on shares of Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Barclays reduced their price target on Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Finally, Stifel Nicolaus cut their price objective on shares of Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $796.60.

Check Out Our Latest Analysis on Intuit

Intuit Stock Performance

NASDAQ INTU opened at $669.35 on Wednesday. The stock has a market capitalization of $186.26 billion, a price-to-earnings ratio of 45.75, a PEG ratio of 2.68 and a beta of 1.27. The stock has a 50-day moving average of $656.86 and a 200 day moving average of $703.27. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70.

Intuit (NASDAQ:INTU – Get Free Report) last issued its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating the consensus estimate of $3.09 by $0.25. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.Intuit’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the company earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Sell-side analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, January 9th. Intuit’s payout ratio is presently 32.81%.

Intuit Company Profile

(Free Report)

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.

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