Apollon Wealth Management LLC Sells 8,064 Shares of Intuit Inc. $INTU

Key Points

• Apollon Wealth Management LLC reduced its stake in Intuit Inc. by 38.4% during the 2nd quarter, now holding 12,961 shares worth approximately $10.2 million.
• Intuit recently announced a quarterly dividend increase to $1.20, representing a 15.4% raise from the previous dividend of $1.04, effective for shareholders on record by October 9th.
• Analysts have mixed ratings on Intuit, with a consensus average target price of $791.82, and ratings ranging from "Strong Buy" to "Sell" based on various brokerages' assessments.

Apollon Wealth Management LLC reduced its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 38.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,961 shares of the software maker's stock after selling 8,064 shares during the quarter. Apollon Wealth Management LLC's holdings in Intuit were worth $10,209,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Invesco Ltd. increased its holdings in shares of Intuit by 1.2% during the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after purchasing an additional 36,513 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Intuit by 4.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock worth $1,130,718,000 after purchasing an additional 82,419 shares during the period. Vident Advisory LLC increased its holdings in shares of Intuit by 22.1% during the first quarter. Vident Advisory LLC now owns 46,940 shares of the software maker's stock worth $28,821,000 after purchasing an additional 8,510 shares during the period. Circle Wealth Management LLC increased its holdings in shares of Intuit by 33.4% during the first quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock worth $2,119,000 after purchasing an additional 865 shares during the period. Finally, Pinnacle Financial Partners Inc increased its holdings in shares of Intuit by 3.6% during the first quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock worth $10,922,000 after purchasing an additional 623 shares during the period. 83.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on INTU. JPMorgan Chase & Co. lowered their target price on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. UBS Group lowered their target price on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a report on Friday, August 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $850.00 target price on shares of Intuit in a report on Tuesday, September 2nd. Rothschild & Co Redburn increased their price target on shares of Intuit from $560.00 to $670.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 23rd. Finally, Wells Fargo & Company set a $880.00 price target on shares of Intuit and gave the stock an "overweight" rating in a research report on Friday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $791.82.

Intuit Stock Performance

Shares of Intuit stock opened at $641.79 on Friday. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week 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 $178.93 billion, a P/E ratio of 46.71, a P/E/G ratio of 2.49 and a beta of 1.25. The company's 50 day moving average price is $686.93 and its two-hundred day moving average price is $693.10.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the business posted $1.99 earnings per share. The company's quarterly revenue was up 20.3% on a year-over-year basis. 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 forecast that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business 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 an increase from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Intuit's dividend payout ratio (DPR) is 34.93%.

Insider Buying and Selling at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,170 shares of the firm's stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the sale, the chief financial officer owned 1,295 shares in the company, valued at $876,792.70. This trade represents a 47.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the sale, the director owned 14,475 shares in the company, valued at $9,570,146.25. This represents a 2.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,407 shares of company stock worth $1,614,913 over the last quarter. Corporate insiders own 2.68% of the company's stock.

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.

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