Intuit Inc. $INTU Stock: Bryn Mawr Trust Advisors LLC Trims Stake

Bryn Mawr Trust Advisors LLC trimmed its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 58.0% during the third quarter, HoldingsChannel reports. The firm owned 9,253 shares of the software maker’s stock after selling 12,799 shares during the quarter. Bryn Mawr Trust Advisors LLC’s holdings in Intuit were worth $2,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in INTU. Legacy Wealth Managment LLC ID grew its position in Intuit by 10.3% during the first quarter. Legacy Wealth Managment LLC ID now owns 267 shares of the software maker’s stock valued at $115,000 after buying an additional 25 shares during the period. Delta Asset Management LLC TN raised its position in Intuit by 13.2% in the second quarter. Delta Asset Management LLC TN now owns 258 shares of the software maker’s stock worth $67,000 after acquiring an additional 30 shares during the period. Bond & Devick Financial Network Inc. raised its position in Intuit by 3.3% in the third quarter. Bond & Devick Financial Network Inc. now owns 934 shares of the software maker’s stock worth $258,000 after acquiring an additional 30 shares during the period. Glen Eagle Advisors LLC raised its position in Intuit by 13.0% in the first quarter. Glen Eagle Advisors LLC now owns 278 shares of the software maker’s stock worth $120,000 after acquiring an additional 32 shares during the period. Finally, Avalon Trust Co boosted its stake in Intuit by 18.6% in the first quarter. Avalon Trust Co now owns 217 shares of the software maker’s stock valued at $94,000 after acquiring an additional 34 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intuit

In related news, Director Richard L. Dalzell sold 285 shares of Intuit stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total transaction of $92,727.60. Following the completion of the sale, the director owned 11,531 shares of the company’s stock, valued at approximately $3,751,726.16. This trade represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of Intuit stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the sale, the chief accounting officer directly owned 1,628 shares of the company’s stock, valued at $564,167.12. This represents a 35.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Oppenheimer dropped their price target on shares of Intuit from $406.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 26th. Weiss Ratings upgraded shares of Intuit from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 28th. Stifel Nicolaus reissued a “hold” rating and set a $300.00 target price on shares of Intuit in a report on Friday, September 18th. Wells Fargo & Company dropped their target price on Intuit from $360.00 to $300.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 26th. Finally, UBS Group restated a “neutral” rating on shares of Intuit in a research report on Friday, September 18th. Sixteen investment 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. According to MarketBeat.com, Intuit has a consensus rating of “Hold” and an average target price of $431.68.

Intuit Price Performance

INTU stock opened at $338.23 on Tuesday. The firm has a 50 day moving average of $318.21 and a 200-day moving average of $356.20. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $682.27. The firm has a market capitalization of $90.39 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 1.18 and a beta of 0.91.

Intuit (NASDAQ:INTU) last posted its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. The business 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%. Intuit’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, sell-side analysts predict that Intuit Inc. will post 23.02 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were given a dividend of $1.38 per share. This is an increase from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date was Thursday, October 8th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.6%. Intuit’s dividend payout ratio (DPR) is presently 33.45%.

Intuit Company Profile

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.