Cohen Capital Management Inc. Reduces Stake in Intuit Inc. $INTU

Cohen Capital Management Inc. decreased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 32.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,865 shares of the software maker’s stock after selling 1,400 shares during the quarter. Cohen Capital Management Inc.’s holdings in Intuit were worth $1,957,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Intuit during the 2nd quarter worth approximately $3,268,830,000. Nicholas Hoffman & Company LLC. acquired a new stake in Intuit during the 1st quarter worth $785,564,000. Winslow Capital Management LLC purchased a new stake in Intuit in the second quarter valued at $782,677,000. Swedbank AB boosted its stake in Intuit by 575.4% in the third quarter. Swedbank AB now owns 881,555 shares of the software maker’s stock valued at $602,023,000 after acquiring an additional 751,027 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Intuit by 13.2% during the second quarter. Invesco Ltd. now owns 3,485,764 shares of the software maker’s stock worth $2,745,492,000 after purchasing an additional 407,078 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Stock Up 0.7%

Shares of Intuit stock opened at $633.84 on Tuesday. The company has a market cap of $176.38 billion, a P/E ratio of 43.32, a PEG ratio of 2.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The firm has a fifty day moving average of $657.56 and a two-hundred day moving average of $693.55.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share 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 the consensus estimate 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 quarter in the previous year, the firm 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be given 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 0.8%. Intuit’s payout ratio is presently 32.81%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on INTU shares. BMO Capital Markets reduced their target price on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a report on Friday, November 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $850.00 price target on shares of Intuit in a research report on Friday, November 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Intuit from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Wells Fargo & Company cut their target price on shares of Intuit from $880.00 to $840.00 and set an “overweight” rating on the stock in a report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $796.60.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the sale, the director directly owned 13,476 shares of the company’s stock, valued at $8,893,486.20. This trade represents a 2.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott D. Cook sold 75,000 shares of Intuit stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $673.43, for a total value of $50,507,250.00. Following the completion of the sale, the director owned 5,669,584 shares in the company, valued at approximately $3,818,067,953.12. This trade represents a 1.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 346,129 shares of company stock valued at $228,019,964. Corporate insiders own 2.49% of the company’s stock.

Intuit Profile

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.