Intuit Inc. $INTU Stock Sold by Calamos Advisors LLC

Calamos Advisors LLC reduced its stake in Intuit Inc. (NASDAQ:INTU) by 40.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,050 shares of the software maker’s stock after selling 42,724 shares during the quarter. Calamos Advisors LLC’s holdings in Intuit were worth $17,384,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Fiduciary Financial Advisors bought a new position in shares of Intuit during the second quarter worth approximately $25,000. Osbon Capital Management LLC acquired a new position in Intuit in the 2nd quarter valued at $26,000. MidFirst Bank acquired a new position in Intuit in the 2nd quarter valued at $28,000. Whipplewood Advisors LLC acquired a new position in Intuit in the 1st quarter valued at $30,000. Finally, James T. Borello RIA increased its position in Intuit by 350.0% during the 3rd quarter. James T. Borello RIA now owns 108 shares of the software maker’s stock worth $30,000 after buying an additional 84 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Evercore reiterated an “outperform” rating on shares of Intuit in a research report on Friday, September 18th. Wolfe Research cut shares of Intuit from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, August 26th. Truist Financial restated a “hold” rating and issued a $300.00 price target on shares of Intuit in a research note on Friday, September 18th. BMO Capital Markets restated an “outperform” rating on shares of Intuit in a research note on Monday, September 21st. Finally, Citigroup lowered their price target on shares of Intuit from $591.00 to $457.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $431.55.

Intuit Trading Down 3.8%

Shares of INTU stock opened at $341.50 on Friday. The stock has a market cap of $91.26 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 1.13 and a beta of 0.91. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $682.27. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. The stock has a 50 day simple moving average of $318.61 and a 200 day simple moving average of $357.13.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The company’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the company earned $2.75 EPS. 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, research analysts predict that Intuit Inc. will post 23.02 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were issued a dividend of $1.38 per share. This is an increase from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. Intuit’s payout ratio is currently 33.45%.

Insiders Place Their Bets

In related news, CAO Lauren D. Hotz sold 907 shares of the company’s 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 of the company’s stock, valued at $564,167.12. This represents a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard L. Dalzell sold 285 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total transaction of $92,727.60. Following the sale, the director directly owned 11,531 shares of the company’s stock, valued at $3,751,726.16. This represents a 2.41% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is currently owned by company insiders.

Intuit Company Profile

Intuit Inc develops financial management and business software for consumers, small businesses, and accounting professionals. Its products and services help users manage personal finances, prepare taxes, run businesses, handle payments, and support marketing activities.

Its offerings include TurboTax for tax preparation, QuickBooks for accounting and business management, Credit Karma for personal finance, and Mailchimp for email marketing and customer engagement. Intuit serves customers in the United States and other markets around the world.

Founded in 1983 by Scott Cook and Tom Proulx, Intuit is headquartered in Mountain View, California.