Worth Asset Management LLC Sells 1,473 Shares of Intuit Inc. $INTU

Worth Asset Management LLC trimmed its position in shares of Intuit Inc. (NASDAQ:INTU) by 81.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 329 shares of the software maker’s stock after selling 1,473 shares during the period. Worth Asset Management LLC’s holdings in Intuit were worth $225,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. KMG Fiduciary Partners LLC lifted its stake in shares of Intuit by 1.8% in the 2nd quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock valued at $607,000 after purchasing an additional 14 shares during the period. Pinnacle Bancorp Inc. lifted its position in Intuit by 3.9% during the second quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock valued at $296,000 after buying an additional 14 shares during the period. Weaver Capital Management LLC boosted its holdings in shares of Intuit by 1.3% during the 2nd quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker’s stock valued at $888,000 after buying an additional 14 shares in the last quarter. May Hill Capital LLC grew its position in shares of Intuit by 4.2% in the 2nd quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock worth $272,000 after buying an additional 14 shares during the period. Finally, Peloton Wealth Strategists increased its stake in shares of Intuit by 0.3% in the 1st quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock worth $2,710,000 after acquiring an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Transactions at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,098 shares of Intuit stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $675.00, for a total value of $741,150.00. Following the completion of the sale, the chief financial officer owned 197 shares of the company’s stock, valued at approximately $132,975. The trade was a 84.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $48,590,019.10. Following the transaction, the director directly owned 5,819,584 shares in the company, valued at $3,816,366,795.52. The trade was a 1.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 270,897 shares of company stock worth $177,368,310 over the last three months. 2.49% of the stock is currently owned by company insiders.

Intuit Stock Performance

INTU stock opened at $676.55 on Monday. The stock’s 50 day simple moving average is $660.01 and its 200 day simple moving average is $697.99. 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 $532.65 and a 12-month high of $813.70. The stock has a market capitalization of $188.26 billion, a PE ratio of 46.24, a price-to-earnings-growth ratio of 2.77 and a beta of 1.27.

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

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be paid a dividend of $1.20 per share. The ex-dividend date is Friday, January 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit’s dividend payout ratio is currently 32.81%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on INTU shares. Daiwa Capital Markets boosted their price objective on shares of Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Independent Research set a $875.00 price target on Intuit in a research report on Tuesday, November 18th. Wells Fargo & Company reduced their price objective on Intuit from $880.00 to $840.00 and set an “overweight” rating for the company in a research report on Friday, November 21st. Royal Bank Of Canada reiterated an “outperform” rating and set a $850.00 price objective on shares of Intuit in a research note on Friday, November 21st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $796.60.

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.