CIBC Asset Management Inc Sells 3,325 Shares of Intuit Inc. $INTU

CIBC Asset Management Inc decreased its holdings in Intuit Inc. (NASDAQ:INTU) by 3.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,177 shares of the software maker’s stock after selling 3,325 shares during the period. CIBC Asset Management Inc’s holdings in Intuit were worth $85,991,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Sand Hill Global Advisors LLC raised its position in shares of Intuit by 1.5% in the 2nd quarter. Sand Hill Global Advisors LLC now owns 7,731 shares of the software maker’s stock worth $6,089,000 after acquiring an additional 113 shares in the last quarter. FAS Wealth Partners Inc. purchased a new position in Intuit in the second quarter valued at about $340,000. Sei Investments Co. grew its stake in Intuit by 57.0% in the second quarter. Sei Investments Co. now owns 524,440 shares of the software maker’s stock valued at $413,077,000 after purchasing an additional 190,335 shares during the last quarter. Nebula Research & Development LLC bought a new position in Intuit in the second quarter worth about $3,649,000. Finally, Dearborn Partners LLC lifted its position in shares of Intuit by 9.5% during the second quarter. Dearborn Partners LLC now owns 50,129 shares of the software maker’s stock valued at $39,483,000 after buying an additional 4,359 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling

In related news, Director Scott D. Cook sold 74,095 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $655.78, for a total value of $48,590,019.10. Following the sale, the director owned 5,819,584 shares in the company, valued at $3,816,366,795.52. This represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $653.42, for a total transaction of $217,588.86. Following the completion of the transaction, the director owned 14,142 shares in the company, valued at approximately $9,240,665.64. This trade represents a 2.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 269,466 shares of company stock valued at $176,407,397 over the last quarter. 2.49% of the stock is currently owned by company insiders.

Intuit Trading Up 1.0%

NASDAQ INTU opened at $662.43 on Thursday. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The company has a fifty day simple moving average of $657.24 and a two-hundred day simple moving average of $705.80. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The stock has a market cap of $184.33 billion, a P/E ratio of 45.28, a P/E/G ratio of 2.69 and a beta of 1.27.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. The firm had revenue of $3.87 billion for 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%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, January 9th. Intuit’s dividend payout ratio (DPR) is presently 32.81%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Intuit from $880.00 to $840.00 and set an “overweight” rating on the stock in a research report on Friday, November 21st. Rothschild & Co Redburn raised their target price on shares of Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. Bank of America cut their price target on shares of Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Finally, Stifel Nicolaus lowered their price objective on Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $798.20.

About Intuit

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.