ARK Investment Management LLC Sells 5,612 Shares of Intuit Inc. $INTU

Key Points

• ARK Investment Management LLC reduced its holdings in Intuit Inc. by 27.1%, selling 5,612 shares and leaving it with 15,099 shares valued at approximately $11.89 million.
• Intuit recently declared a quarterly dividend of $1.20, increasing from the previous $1.04, which results in an annualized payout of $4.80 and a yield of 0.7%.
• Intuit's Q1 2026 earnings guidance is set between 3.050-3.120 EPS, with a consensus expectation of 14.09 EPS for the current fiscal year, following a strong revenue increase of 20.3% year-over-year.

ARK Investment Management LLC trimmed its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 27.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,099 shares of the software maker's stock after selling 5,612 shares during the quarter. ARK Investment Management LLC's holdings in Intuit were worth $11,892,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in INTU. Dogwood Wealth Management LLC lifted its holdings in shares of 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 buying an additional 19 shares during the period. Vista Cima Wealth Management LLC purchased a new stake in shares of Intuit in the 1st quarter worth $31,000. CBIZ Investment Advisory Services LLC lifted its holdings in shares of 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 buying an additional 47 shares during the period. LGT Financial Advisors LLC purchased a new stake in shares of Intuit in the 2nd quarter worth $32,000. Finally, TD Capital Management LLC lifted its holdings in shares of 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 buying an additional 46 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Intuit Trading Up 1.5%

Intuit stock opened at $675.04 on Wednesday. The stock has a 50-day moving average of $673.93 and a two-hundred day moving average of $696.36. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The stock has a market cap of $188.20 billion, a PE ratio of 49.13, a price-to-earnings-growth ratio of 2.57 and a beta of 1.25.

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

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is a boost from Intuit's previous quarterly dividend of $1.04. The ex-dividend date was Thursday, October 9th. Intuit's dividend payout ratio (DPR) is 34.93%.

Analyst Ratings Changes

Several equities research analysts have weighed in on INTU shares. Oppenheimer upped their target price on Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $850.00 target price on shares of Intuit in a report on Tuesday, September 2nd. Bank of America lowered their target price on Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Citigroup lowered their target price on Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Intuit in a research note on Wednesday, October 8th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $791.82.

Insider Activity

In other news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated 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 directly owned 14,475 shares of the company's stock, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott D. Cook sold 529 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the completion of the transaction, the director directly owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,407 shares of company stock valued at $1,614,913. Company insiders own 2.68% of the company's stock.

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.

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