Forvis Mazars Wealth Advisors LLC Reduces Stock Position in Intuit Inc. $INTU

Forvis Mazars Wealth Advisors LLC cut its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,396 shares of the software maker’s stock after selling 63 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Intuit were worth $2,675,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dogwood Wealth Management LLC increased its holdings in Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after purchasing an additional 19 shares during the last quarter. RMG Wealth Management LLC purchased a new stake in Intuit during the 2nd quarter worth approximately $37,000. CBIZ Investment Advisory Services LLC increased its holdings in Intuit by 1,566.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker’s stock worth $31,000 after purchasing an additional 47 shares during the last quarter. TD Capital Management LLC increased its holdings in Intuit by 511.1% during the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker’s stock worth $34,000 after purchasing an additional 46 shares during the last quarter. Finally, Olde Wealth Management LLC purchased a new stake in Intuit during the 1st quarter worth approximately $37,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Price Performance

Shares of INTU opened at $661.39 on Monday. The company has a market cap of $184.40 billion, a P/E ratio of 48.14, a PEG ratio of 2.55 and a beta of 1.25. The stock has a fifty day moving average price of $675.52 and a 200 day moving average price of $695.79. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm’s revenue was up 20.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, October 9th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, October 9th. This is an increase from Intuit’s previous quarterly dividend of $1.04. Intuit’s dividend payout ratio (DPR) is currently 34.93%.

Insider Buying and Selling

In other Intuit news, Director Scott D. Cook sold 529 shares of the business’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the transaction, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the transaction, the director owned 14,475 shares of the company’s stock, valued at $9,570,146.25. This trade represents a 2.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,407 shares of company stock worth $1,614,913 in the last three months. 2.68% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on INTU shares. Oppenheimer boosted their price target on Intuit from $742.00 to $868.00 and gave the company an “outperform” rating in a report on Monday, July 28th. UBS Group lowered their price target on Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a report on Friday, August 22nd. CLSA started coverage on Intuit in a report on Thursday, June 26th. They issued an “outperform” rating and a $900.00 price target for the company. Barclays lowered their price target on Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Finally, BMO Capital Markets boosted their price target on Intuit from $820.00 to $870.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $791.82.

Intuit 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.