Symphony Financial Ltd. Co. Sells 3,524 Shares of Intuit Inc. $INTU

Symphony Financial Ltd. Co. trimmed its holdings in Intuit Inc. (NASDAQ:INTU) by 59.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,375 shares of the software maker’s stock after selling 3,524 shares during the period. Symphony Financial Ltd. Co.’s holdings in Intuit were worth $1,632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Sequoia Financial Advisors LLC increased its position in Intuit by 9.0% in the second quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock worth $13,609,000 after buying an additional 1,433 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in Intuit during the second quarter valued at about $1,733,000. Wilmington Savings Fund Society FSB boosted its position in Intuit by 19.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 29,553 shares of the software maker’s stock worth $20,182,000 after purchasing an additional 4,913 shares during the period. Liberty One Investment Management LLC increased its stake in shares of Intuit by 31.8% in the third quarter. Liberty One Investment Management LLC now owns 9,635 shares of the software maker’s stock worth $6,580,000 after purchasing an additional 2,326 shares in the last quarter. Finally, denkapparat Operations GmbH purchased a new stake in shares of Intuit during the 2nd quarter valued at approximately $830,000. 83.66% of the stock is owned by institutional investors.

Intuit Trading Up 3.0%

Shares of INTU opened at $563.97 on Friday. The firm has a market cap of $156.94 billion, a P/E ratio of 38.55, a price-to-earnings-growth ratio of 2.24 and a beta of 1.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. Intuit Inc. has a 1 year low of $520.69 and a 1 year high of $813.70. The company has a 50 day simple moving average of $637.23 and a two-hundred day simple moving average of $676.53.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. Intuit’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, equities analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, January 9th. Intuit’s payout ratio is presently 32.81%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on INTU shares. BMO Capital Markets dropped their target price on Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. KeyCorp cut their target price on Intuit from $825.00 to $750.00 and set an “overweight” rating on the stock in a research note on Friday. Independent Research set a $875.00 price objective on Intuit in a research report on Tuesday, November 18th. UBS Group set a $739.00 price objective on shares of Intuit in a report on Tuesday, January 6th. Finally, The Goldman Sachs Group started coverage on shares of Intuit in a research note on Monday, January 12th. They set a “neutral” rating and a $720.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $791.73.

Insider Activity at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,335 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10. Following the transaction, the chief financial officer owned 536 shares of the company’s stock, valued at approximately $337,390.56. This trade represents a 71.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Scott D. Cook sold 1,402 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total transaction of $936,564.04. Following the completion of the transaction, the director owned 5,668,182 shares of the company’s stock, valued at $3,786,458,939.64. This represents a 0.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 388,464 shares of company stock worth $255,514,393. Insiders own 2.49% of the company’s stock.

About Intuit

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.