Intuit Inc. $INTU Shares Sold by Lone Pine Capital LLC

Lone Pine Capital LLC decreased its position in Intuit Inc. (NASDAQ:INTU) by 45.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 771,666 shares of the software maker’s stock after selling 632,136 shares during the period. Intuit makes up 4.3% of Lone Pine Capital LLC’s holdings, making the stock its 10th biggest holding. Lone Pine Capital LLC owned about 0.28% of Intuit worth $607,787,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of INTU. Vanguard Group Inc. increased its stake in Intuit by 1.4% in the second quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock valued at $21,823,625,000 after purchasing an additional 377,657 shares in the last quarter. State Street Corp increased its position in Intuit by 1.0% in the 2nd quarter. State Street Corp now owns 12,724,323 shares of the software maker’s stock valued at $10,022,059,000 after buying an additional 125,990 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Intuit by 7.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock worth $5,537,435,000 after buying an additional 649,212 shares during the period. Geode Capital Management LLC boosted its holdings in Intuit by 1.8% in the second quarter. Geode Capital Management LLC now owns 6,423,636 shares of the software maker’s stock worth $5,042,107,000 after acquiring an additional 115,721 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Intuit by 6.8% in the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after acquiring an additional 358,328 shares during the period. Institutional investors own 83.66% of the company’s stock.

Insiders Place Their Bets

In other Intuit news, Director Scott D. Cook sold 74,095 shares of the stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $655.78, for a total transaction of $48,590,019.10. Following the completion of the sale, the director owned 5,819,584 shares of the company’s stock, valued at $3,816,366,795.52. This represents a 1.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of the firm’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the sale, the chief financial officer directly owned 1,295 shares in the company, valued at $876,792.70. The trade was a 47.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 269,799 shares of company stock valued at $176,627,160 over the last three months. Insiders own 2.49% of the company’s stock.

Intuit Trading Down 0.8%

Shares of Intuit stock opened at $670.92 on Friday. The company has a market cap of $186.70 billion, a price-to-earnings ratio of 45.86, a PEG ratio of 2.77 and a beta of 1.27. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The company’s 50-day moving average price is $656.94 and its 200-day moving average price is $705.25. 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 (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $0.25. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the company 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 firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, January 9th. Intuit’s dividend payout ratio (DPR) is presently 32.81%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. KeyCorp decreased their target price on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Daiwa Capital Markets boosted their price objective on Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Wall Street Zen raised Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. JPMorgan Chase & Co. cut their target price on Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Finally, Wells Fargo & Company lowered their price target on Intuit from $880.00 to $840.00 and set an “overweight” rating for the company in a research report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and a consensus target price of $798.20.

Intuit Company Profile

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.