Appleton Partners Inc. MA Sells 15,375 Shares of Intuit Inc. $INTU

Appleton Partners Inc. MA cut its stake in Intuit Inc. (NASDAQ:INTU) by 65.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,199 shares of the software maker’s stock after selling 15,375 shares during the period. Appleton Partners Inc. MA’s holdings in Intuit were worth $3,545,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of INTU. Abel Hall LLC raised its position in shares of Intuit by 71.8% in the 1st quarter. Abel Hall LLC now owns 876 shares of the software maker’s stock worth $379,000 after acquiring an additional 366 shares in the last quarter. Bogart Wealth LLC lifted its stake in shares of Intuit by 7.3% in the 1st quarter. Bogart Wealth LLC now owns 12,026 shares of the software maker’s stock valued at $5,200,000 after purchasing an additional 814 shares during the period. Dividend Assets Capital LLC boosted its position in shares of Intuit by 22.1% during the first quarter. Dividend Assets Capital LLC now owns 15,101 shares of the software maker’s stock valued at $6,530,000 after purchasing an additional 2,736 shares in the last quarter. DGS Capital Management LLC boosted its position in shares of Intuit by 25.3% during the first quarter. DGS Capital Management LLC now owns 1,209 shares of the software maker’s stock valued at $523,000 after purchasing an additional 244 shares in the last quarter. Finally, Ascentis Independent Advisors grew its stake in Intuit by 44.9% in the first quarter. Ascentis Independent Advisors now owns 962 shares of the software maker’s stock worth $416,000 after purchasing an additional 298 shares during the period. 83.66% of the stock is owned by institutional investors.

Intuit Price Performance

Shares of INTU opened at $275.35 on Monday. The company has a market capitalization of $75.32 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $325.83 and a 200 day moving average of $432.20. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $813.70.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. During the same period in the previous year, the business earned $11.65 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, equities research analysts anticipate that Intuit Inc. will post 18.19 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s dividend payout ratio is presently 29.07%.

Insider Buying and Selling at Intuit

In other Intuit news, Director Vasant M. Prabhu acquired 500 shares of Intuit stock in a transaction that occurred on Tuesday, May 26th. The stock was bought at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the acquisition, the director owned 1,750 shares of the company’s stock, valued at $541,992.50. This represents a 40.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 284 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the transaction, the director directly owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. This trade represents a 2.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,239 shares of company stock worth $348,354 over the last ninety days. 2.49% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on INTU shares. Stifel Nicolaus reiterated a “hold” rating and issued a $275.00 price objective (down from $375.00) on shares of Intuit in a report on Wednesday, June 17th. TD Cowen reduced their target price on shares of Intuit from $576.00 to $504.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Guggenheim set a $633.00 price target on shares of Intuit in a research note on Monday, March 16th. Susquehanna lowered their price target on shares of Intuit from $640.00 to $550.00 and set a “positive” rating for the company in a research report on Friday, May 22nd. Finally, Mizuho dropped their price objective on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 26th. Twenty-two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and an average price target of $498.40.

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.