Vanguard Personalized Indexing Management LLC Sells 956 Shares of Intuit Inc. $INTU

Vanguard Personalized Indexing Management LLC reduced its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 2.2% in the third quarter, Holdings Channel reports. The institutional investor owned 42,683 shares of the software maker’s stock after selling 956 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Intuit were worth $29,157,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in INTU. Tortoise Investment Management LLC lifted its holdings in shares of Intuit by 540.0% in the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after purchasing an additional 27 shares in the last quarter. Westside Investment Management Inc. raised its position in Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after buying an additional 21 shares during the last quarter. Dogwood Wealth Management LLC lifted its stake in Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after acquiring an additional 19 shares in the last quarter. Sagard Holdings Management Inc. purchased a new position in Intuit during the 2nd quarter worth $28,000. Finally, True Wealth Design LLC grew its stake in shares of Intuit by 270.0% in the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after acquiring an additional 27 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Evercore ISI reissued an “outperform” rating and set a $875.00 price target on shares of Intuit in a research report on Tuesday, November 18th. UBS Group set a $739.00 target price on shares of Intuit in a research report on Tuesday, January 6th. Royal Bank Of Canada restated an “outperform” rating and issued a $850.00 target price on shares of Intuit in a research note on Friday, November 21st. BMO Capital Markets decreased their price target on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Finally, TD Cowen assumed coverage on Intuit in a research report on Thursday, January 8th. They issued a “buy” rating and a $802.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and a consensus target price of $791.73.

Intuit Stock Up 3.0%

INTU opened at $563.97 on Monday. The company has a 50 day moving average of $637.23 and a 200 day moving average of $675.14. 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 12 month low of $520.69 and a 12 month high of $813.70. The company has a market cap of $156.94 billion, a PE ratio of 38.55, a price-to-earnings-growth ratio of 2.30 and a beta of 1.25.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the company earned $2.50 earnings per share. The business’s revenue for the quarter 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 expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

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

Insider Activity

In other news, CEO Sasan K. Goodarzi sold 41,000 shares of the business’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the transaction, the chief executive officer directly owned 13,611 shares in the company, valued at $8,848,511.10. The trade was a 75.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sandeep Aujla sold 1,335 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $629.46, for a total transaction of $840,329.10. Following the completion of the transaction, the chief financial officer directly owned 536 shares in the company, valued at approximately $337,390.56. The trade was a 71.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 388,464 shares of company stock valued at $255,514,393 over the last ninety days. 2.49% of the stock is owned by insiders.

Intuit Profile

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.