YHB Investment Advisors Inc. Decreases Stock Position in Intuit Inc. $INTU

YHB Investment Advisors Inc. lowered its position in shares of Intuit Inc. (NASDAQ:INTU) by 12.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,993 shares of the software maker’s stock after selling 2,366 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Intuit were worth $4,685,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. XXEC Inc. bought a new position in Intuit in the 2nd quarter worth approximately $436,740,000. BlackRock Inc. purchased a new position in shares of Intuit during the second quarter valued at about $6,851,859,000. State Street Corp grew its position in shares of Intuit by 1.4% during the fourth quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock valued at $8,653,092,000 after purchasing an additional 180,069 shares in the last quarter. Corient Private Wealth LP bought a new stake in shares of Intuit in the second quarter worth about $40,545,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Intuit by 102.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock worth $1,684,795,000 after buying an additional 1,972,719 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Analysts Set New Price Targets

INTU has been the subject of a number of recent research reports. Wells Fargo & Company cut their target price on shares of Intuit from $360.00 to $300.00 and set an “equal weight” rating for the company in a report on Wednesday, August 26th. Mizuho restated an “outperform” rating and issued a $430.00 target price on shares of Intuit in a report on Friday, September 18th. KeyCorp set a $400.00 target price on shares of Intuit in a research report on Wednesday, August 26th. UBS Group reaffirmed a “neutral” rating on shares of Intuit in a report on Friday, September 18th. Finally, Wolfe Research lowered Intuit from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, August 26th. Sixteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Intuit has an average rating of “Hold” and a consensus price target of $431.55.

Intuit Trading Up 0.1%

Intuit stock traded up $0.31 during midday trading on Thursday, reaching $297.55. The stock had a trading volume of 1,496,642 shares, compared to its average volume of 4,268,065. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The firm has a market cap of $79.52 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $689.17. The company has a fifty day moving average of $322.53 and a 200 day moving average of $334.04.

Intuit (NASDAQ:INTU) last released its earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The firm had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the prior year, the firm posted $2.75 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, analysts anticipate that Intuit Inc. will post 23.01 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.9%. This is a positive change from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date is Thursday, October 8th. Intuit’s dividend payout ratio is 29.09%.

Insiders Place Their Bets

In related news, CAO Lauren D. Hotz sold 907 shares of Intuit stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the sale, the chief accounting officer owned 1,628 shares in the company, valued at $564,167.12. This trade represents a 35.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard L. Dalzell sold 285 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the completion of the sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is currently owned by insiders.

Intuit Company Profile

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.