Federated Hermes Inc. Decreases Stake in Intuit Inc. $INTU

Federated Hermes Inc. lessened its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 37.3% in the second quarter, Holdings Channel reports. The firm owned 24,874 shares of the software maker’s stock after selling 14,799 shares during the period. Federated Hermes Inc.’s holdings in Intuit were worth $19,592,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Intuit by 1.4% in the second quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock worth $21,823,625,000 after acquiring an additional 377,657 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 valued at $5,537,435,000 after acquiring an additional 649,212 shares in the last quarter. Geode Capital Management LLC boosted its position in Intuit by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 6,423,636 shares of the software maker’s stock worth $5,042,107,000 after purchasing an additional 115,721 shares during the period. Wellington Management Group LLP increased its holdings in Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after purchasing an additional 358,328 shares in the last quarter. Finally, Norges Bank purchased a new position in Intuit in the second quarter valued at about $3,268,830,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the sale, the director directly owned 14,475 shares in the company, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott D. Cook sold 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $656.43, for a total value of $49,232,250.00. Following the completion of the sale, the director directly owned 6,043,679 shares in the company, valued at approximately $3,967,252,205.97. This trade represents a 1.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 120,371 shares of company stock worth $78,406,952 over the last quarter. 2.49% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on INTU. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intuit in a research report on Wednesday, October 8th. Rothschild & Co Redburn increased their price objective on shares of Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Wall Street Zen upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Evercore ISI reissued an “outperform” rating and set a $875.00 target price on shares of Intuit in a research report on Tuesday, November 18th. Finally, BMO Capital Markets lowered their price target on shares of Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Intuit presently has an average rating of “Moderate Buy” and an average target price of $798.20.

Intuit Trading Down 0.1%

NASDAQ:INTU opened at $655.75 on Wednesday. The company has a market cap of $182.48 billion, a PE ratio of 44.82, a P/E/G ratio of 2.69 and a beta of 1.27. The business’s 50 day moving average is $657.58 and its two-hundred day moving average is $706.11. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results 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 business had revenue of $3.87 billion for 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 business’s revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Announces Dividend

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

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.