Cwm LLC Purchases 6,822 Shares of Intuit Inc. $INTU

Key Points

• Cwm LLC increased its position in Intuit Inc. by 35.7% during the second quarter, acquiring an additional 6,822 shares to reach a total of 25,916 shares, valued at approximately $20.4 million.
• Intuit recently announced an increase in its quarterly dividend to $1.20 per share, representing an annualized amount of $4.80, with a yield of 0.7%.
• Analysts show mixed sentiments towards Intuit, with one rating a Strong Buy and others issuing various ratings, resulting in an average target price of $791.82 for the stock.

Cwm LLC grew its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 35.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,916 shares of the software maker's stock after buying an additional 6,822 shares during the quarter. Cwm LLC's holdings in Intuit were worth $20,412,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC increased its holdings in Intuit by 111.8% during the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock valued at $28,000 after buying an additional 19 shares during the period. Vista Cima Wealth Management LLC bought a new stake in shares of Intuit in the 1st quarter valued at about $31,000. CBIZ Investment Advisory Services LLC boosted its stake in Intuit by 1,566.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock valued at $31,000 after acquiring an additional 47 shares in the last quarter. TD Capital Management LLC lifted its holdings in shares of Intuit by 511.1% during the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. Finally, Olde Wealth Management LLC purchased a new stake in Intuit in the first quarter valued at about $37,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of Intuit from a "hold" rating to a "buy" rating in a report on Sunday. Barclays lowered their price target on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. UBS Group cut their price objective on Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research report on Friday, August 22nd. KeyCorp reduced their price target on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Finally, CLSA initiated coverage on Intuit in a research report on Thursday, June 26th. They set an "outperform" rating and a $900.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $791.82.

Intuit Stock Performance

NASDAQ:INTU opened at $641.79 on Monday. 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 quick ratio of 1.36 and a current ratio of 1.36. The company has a 50 day moving average price of $686.93 and a 200 day moving average price of $694.20. The stock has a market capitalization of $178.93 billion, a P/E ratio of 46.71, a PEG ratio of 2.48 and a beta of 1.25.

Intuit (NASDAQ:INTU - Get Free Report) last announced its 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. The company had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.Intuit's revenue for the quarter was up 20.3% on a year-over-year basis. During the same period last year, the business posted $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities research analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. This is an increase from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is currently 34.93%.

Insider Buying and Selling at Intuit

In related news, Director Scott D. Cook sold 529 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was 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 trade represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the transaction, the chief financial officer directly owned 1,295 shares in the company, valued at $876,792.70. The trade was a 47.46% decrease in their ownership of the stock. 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 three months. 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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