Calamos Wealth Management LLC Purchases 2,101 Shares of Intuit Inc. $INTU

Key Points

• Calamos Wealth Management LLC increased its stake in Intuit Inc. (NASDAQ: INTU) by 136.6%, acquiring an additional 2,101 shares, totaling 3,639 shares valued at approximately $2.87 million.
• Insider transactions included CFO Sandeep Aujla selling 1,170 shares for over $792,000, marking a 47.46% decrease in his ownership, while Director Scott D. Cook sold 529 shares valued at around $351,000.
• Intuit recently announced a dividend increase, raising its quarterly payout from $1.04 to $1.20, reflecting a 0.7% yield on an annualized basis.

Calamos Wealth Management LLC boosted its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 136.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,639 shares of the software maker's stock after acquiring an additional 2,101 shares during the quarter. Calamos Wealth Management LLC's holdings in Intuit were worth $2,866,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in INTU. Dogwood Wealth Management LLC increased its stake in Intuit by 111.8% in the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock valued at $28,000 after acquiring an additional 19 shares during the last quarter. Vista Cima Wealth Management LLC bought a new position in Intuit in the first quarter valued at approximately $31,000. CBIZ Investment Advisory Services LLC grew its stake in shares of Intuit by 1,566.7% during the first 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 last quarter. TD Capital Management LLC grew its stake in shares of Intuit by 511.1% during the first 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 last quarter. Finally, Olde Wealth Management LLC bought a new stake in shares of Intuit during the first quarter worth $37,000. 83.66% of the stock is owned by institutional investors.

Insider Activity at Intuit

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

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of research reports. Oppenheimer boosted their target price on shares of Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. UBS Group decreased their target price on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a research note on Friday, August 22nd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Intuit in a research note on Wednesday, October 8th. BMO Capital Markets boosted their target price on shares of Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Finally, Wall Street Zen raised shares of Intuit from a "hold" rating to a "buy" rating in a research note on Sunday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $791.82.

Intuit Stock Performance

Shares of Intuit stock opened at $661.39 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The stock has a market cap of $184.40 billion, a price-to-earnings ratio of 48.14, a P/E/G ratio of 2.55 and a beta of 1.25. The company's fifty day moving average is $675.52 and its 200 day moving average is $695.11.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter in the previous year, the firm posted $1.99 earnings per share. Intuit's revenue for the quarter 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. Sell-side analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company also recently announced 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 was Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a yield of 0.7%. Intuit's dividend payout ratio (DPR) is presently 34.93%.

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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