Intuit Inc. $INTU Holdings Cut by MGO One Seven LLC

MGO One Seven LLC trimmed its stake in Intuit Inc. (NASDAQ:INTU) by 63.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,772 shares of the software maker’s stock after selling 4,798 shares during the quarter. MGO One Seven LLC’s holdings in Intuit were worth $764,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in INTU. Aprio Wealth Management LLC boosted its stake in Intuit by 25.1% during the 3rd quarter. Aprio Wealth Management LLC now owns 1,577 shares of the software maker’s stock valued at $435,000 after purchasing an additional 316 shares during the last quarter. Raleigh Capital Management Inc. purchased a new position in shares of Intuit in the third quarter worth $274,000. International Assets Investment Management LLC lifted its holdings in shares of Intuit by 2,035.2% during the third quarter. International Assets Investment Management LLC now owns 30,000 shares of the software maker’s stock valued at $8,271,000 after purchasing an additional 28,595 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of Intuit by 17.6% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 216,500 shares of the software maker’s stock valued at $59,691,000 after purchasing an additional 32,400 shares in the last quarter. Finally, Parcion Private Wealth LLC boosted its position in shares of Intuit by 134.5% during the third quarter. Parcion Private Wealth LLC now owns 2,537 shares of the software maker’s stock valued at $699,000 after buying an additional 1,455 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit Stock Performance

Shares of Intuit stock traded down $13.34 during trading hours on Friday, reaching $341.50. 3,615,239 shares of the stock traded hands, compared to its average volume of 3,259,359. The company has a 50 day moving average price of $318.61 and a 200 day moving average price of $357.13. The firm has a market capitalization of $91.26 billion, a price-to-earnings ratio of 20.70, a P/E/G ratio of 1.16 and a beta of 0.91. Intuit Inc. has a one year low of $252.84 and a one year high of $682.27. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34.

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

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were paid a $1.38 dividend. This is a positive change from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date was Thursday, October 8th. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. Intuit’s dividend payout ratio (DPR) is currently 33.45%.

Insider Buying and Selling at Intuit

In related news, CAO Lauren Hotz sold 907 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the transaction, the chief accounting officer directly owned 1,628 shares of the company’s stock, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard Dalzell sold 285 shares of Intuit stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the transaction, the director directly owned 11,531 shares in the company, valued at approximately $3,751,726.16. The trade was a 2.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on INTU. Wells Fargo & Company decreased their target price on Intuit from $360.00 to $300.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 26th. KeyCorp set a $400.00 price target on shares of Intuit in a report on Wednesday, August 26th. Citigroup reduced their price target on shares of Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Mizuho reissued an “outperform” rating and set a $430.00 price objective on shares of Intuit in a report on Friday, September 18th. Finally, Oppenheimer lowered their price objective on shares of Intuit from $406.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 26th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $431.55.

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.