Mar Vista Investment Partners LLC Reduces Stock Holdings in Intuit Inc. $INTU

Mar Vista Investment Partners LLC decreased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 0.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,275 shares of the software maker’s stock after selling 531 shares during the period. Intuit accounts for 4.4% of Mar Vista Investment Partners LLC’s portfolio, making the stock its 5th largest position. Mar Vista Investment Partners LLC’s holdings in Intuit were worth $56,926,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in INTU. Western Wealth Management LLC raised its stake in Intuit by 15.3% during the second quarter. Western Wealth Management LLC now owns 519 shares of the software maker’s stock valued at $409,000 after buying an additional 69 shares during the last quarter. Financial Gravity Companies Inc. bought a new position in shares of Intuit during the second quarter valued at $3,103,000. Summitry LLC purchased a new position in shares of Intuit in the 2nd quarter worth about $713,000. Tortoise Investment Management LLC raised its position in shares of Intuit by 540.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after purchasing an additional 27 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in Intuit by 14.1% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 27,389 shares of the software maker’s stock worth $21,573,000 after purchasing an additional 3,383 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on INTU shares. Wall Street Zen raised shares of Intuit from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Citigroup reduced their price target on shares of Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Barclays decreased their price objective on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Zacks Research downgraded Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Finally, Stifel Nicolaus reduced their target price on Intuit from $850.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Intuit has an average rating of “Moderate Buy” and a consensus target price of $791.82.

Intuit Price Performance

Shares of INTU opened at $662.41 on Friday. The firm has a fifty day simple moving average of $667.47 and a two-hundred day simple moving average of $706.62. The firm has a market cap of $184.68 billion, a PE ratio of 48.21, a P/E/G ratio of 2.53 and a beta of 1.25. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 1-year low of $532.65 and a 1-year 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 the consensus estimate of $2.66 by $0.09. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.Intuit’s revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.99 earnings per share. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, equities analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, October 9th were issued a $1.20 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This is a positive change from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit’s payout ratio is 34.93%.

Insider Activity at Intuit

In other Intuit news, Director Scott D. Cook sold 529 shares of the company’s 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 approximately $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the transaction, the director owned 14,475 shares in the company, valued at $9,570,146.25. The trade was a 2.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 2,407 shares of company stock worth $1,614,913. 2.68% of the stock is owned by company insiders.

About Intuit

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.