CreativeOne Wealth LLC Sells 474 Shares of Intuit Inc. $INTU

Key Points

• CreativeOne Wealth LLC reduced its holdings in Intuit Inc. by 4.7%, now owning 9,692 shares valued at approximately $5.95 million.
• Insider transactions included EVP Marianna Tessel selling 34,329 shares, and CFO Sandeep Aujla selling 2,591 shares, both reflecting significant decreases in their holdings.
• Intuit announced a quarterly dividend increase from $1.04 to $1.20 per share, demonstrating its ongoing commitment to returning value to shareholders.

CreativeOne Wealth LLC reduced its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 4.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,692 shares of the software maker's stock after selling 474 shares during the quarter. CreativeOne Wealth LLC's holdings in Intuit were worth $5,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of INTU. GAMMA Investing LLC boosted its position in shares of Intuit by 69,701.9% in the first quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock worth $17,348,790,000 after purchasing an additional 2,821,534 shares during the period. Nuveen LLC bought a new position in shares of Intuit during the first quarter worth $882,031,000. Nicholas Hoffman & Company LLC. bought a new position in shares of Intuit during the first quarter worth $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Intuit by 33.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker's stock worth $1,930,765,000 after acquiring an additional 771,232 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Intuit by 7.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock worth $5,537,435,000 after acquiring an additional 649,212 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Intuit Trading Down 0.2%

Shares of INTU traded down $1.20 during midday trading on Friday, hitting $667.00. The stock had a trading volume of 1,594,076 shares, compared to its average volume of 2,167,229. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70. The firm has a market cap of $186.06 billion, a PE ratio of 48.54, a price-to-earnings-growth ratio of 2.59 and a beta of 1.28. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.45. The stock's 50 day moving average is $747.30 and its 200 day moving average is $677.70.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating 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 business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the firm posted $1.99 earnings per share. The business'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. As a group, analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be issued a $1.20 dividend. The ex-dividend date is Thursday, October 9th. This is a boost 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 dividend payout ratio (DPR) is currently 30.28%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on INTU shares. Piper Sandler restated an "overweight" rating and set a $825.00 target price (up previously from $785.00) on shares of Intuit in a research report on Friday, May 23rd. CLSA started coverage on shares of Intuit in a research report on Thursday, June 26th. They set an "outperform" rating and a $900.00 target price for the company. JPMorgan Chase & Co. dropped their target price on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. BMO Capital Markets upped their price target on shares of Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Finally, UBS Group decreased their price target 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. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $797.62.

Insider Transactions at Intuit

In other news, CFO Sandeep Aujla sold 2,591 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $782.22, for a total value of $2,026,732.02. Following the transaction, the chief financial officer directly owned 768 shares in the company, valued at approximately $600,744.96. This represents a 77.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Marianna Tessel sold 34,329 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $760.84, for a total transaction of $26,118,876.36. Following the completion of the transaction, the executive vice president owned 40,767 shares in the company, valued at approximately $31,017,164.28. The trade was a 45.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 107,817 shares of company stock valued at $82,475,471. 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.