Intuit Inc. $INTU Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.
by Scott Moore · The Cerbat GemBNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its stake in Intuit Inc. (NASDAQ:INTU – Free Report) by 16.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 494,851 shares of the software maker’s stock after selling 96,343 shares during the quarter. Intuit comprises 0.9% of BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s portfolio, making the stock its 15th largest position. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Intuit were worth $389,759,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of INTU. Nuveen LLC acquired a new stake in shares of Intuit in the first quarter valued at about $882,031,000. Nicholas Hoffman & Company LLC. acquired a new stake in shares of Intuit in the first quarter valued at about $785,564,000. Price T Rowe Associates Inc. MD grew its stake in shares of Intuit by 7.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock valued at $5,537,435,000 after buying an additional 649,212 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Intuit by 55.5% in the first quarter. Pictet Asset Management Holding SA now owns 1,053,197 shares of the software maker’s stock valued at $646,613,000 after buying an additional 375,742 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of 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 buying an additional 358,328 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.
Wall Street Analysts Forecast Growth
INTU has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Intuit from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Morgan Stanley cut their price objective on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. JPMorgan Chase & Co. cut their price objective on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Citigroup cut their price objective on shares of Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a 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 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $791.82.
View Our Latest Stock Report on INTU
Insiders Place Their Bets
In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the transaction, the director owned 14,475 shares of the company’s stock, valued at $9,570,146.25. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Scott D. Cook sold 529 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the transaction, the director directly owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This represents a 0.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,407 shares of company stock valued at $1,614,913 in the last quarter. Insiders own 2.68% of the company’s stock.
Intuit Stock Performance
Shares of Intuit stock opened at $660.42 on Wednesday. The firm has a market cap of $184.13 billion, a PE ratio of 48.07, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25. The firm’s 50-day simple moving average is $669.46 and its 200-day simple moving average is $704.49. 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 Inc. has a 1 year low of $532.65 and a 1 year high of $813.70.
Intuit (NASDAQ:INTU – Get Free Report) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the business posted $1.99 EPS. The company’s revenue for the quarter 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. Equities analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.
Intuit Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is a boost from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio (DPR) is 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.
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