Intuit Inc. $INTU Shares Sold by MGO One Seven LLC

MGO One Seven LLC reduced its stake in shares of Intuit Inc. (NASDAQ:INTU) by 25.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,312 shares of the software maker’s stock after selling 448 shares during the quarter. MGO One Seven LLC’s holdings in Intuit were worth $1,033,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In related news, Director Scott D. Cook sold 529 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the sale, the director directly owned 6,162,547 shares of the company’s stock, valued at $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the sale, the chief financial officer directly owned 1,295 shares of the company’s stock, valued at approximately $876,792.70. This represents a 47.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,407 shares of company stock worth $1,614,913. Insiders own 2.68% of the company’s stock.

Intuit Stock Performance

Shares of INTU stock opened at $646.99 on Friday. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market capitalization of $180.38 billion, a P/E ratio of 47.09, a P/E/G ratio of 2.52 and a beta of 1.25. The company’s fifty day moving average price is $677.27 and its two-hundred day moving average price is $694.27.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $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 anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be given a $1.20 dividend. This is a positive change from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit’s payout ratio is currently 34.93%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wall Street Zen raised shares of Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Rothschild & Co Redburn lifted their target price on shares of Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. Citigroup lowered their price objective on shares of Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Morgan Stanley lowered their price objective on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Finally, KeyCorp lowered their price objective on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $791.82.

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.