DRW Securities LLC Decreases Position in Intuit Inc. $INTU

Key Points

• DRW Securities LLC has significantly reduced its stake in Intuit Inc. by 74.7%, now holding only 459 shares valued at approximately $277,000.
• Insiders, including CFO Sandeep Aujla and Director Richard L. Dalzell, have sold shares worth over $56 million in the last 90 days, indicating a trend of insider selling amidst changing stock prices.
• Intuit recently announced a quarterly dividend increase from $1.04 to $1.20, signaling positive financial health with a current dividend yield of 0.7% and a payout ratio of 30.28%.

DRW Securities LLC reduced its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 74.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 459 shares of the software maker's stock after selling 1,352 shares during the quarter. DRW Securities LLC's holdings in Intuit were worth $277,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Copia Wealth Management bought a new stake in shares of Intuit in the 4th quarter valued at $25,000. Heck Capital Advisors LLC bought a new position in Intuit during the fourth quarter worth $28,000. TD Capital Management LLC grew its holdings in Intuit by 511.1% in the first quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after purchasing an additional 46 shares during the period. Olde Wealth Management LLC acquired a new stake in Intuit in the first quarter worth $37,000. Finally, Activest Wealth Management increased its stake in Intuit by 3,050.0% in the first quarter. Activest Wealth Management now owns 63 shares of the software maker's stock valued at $39,000 after purchasing an additional 61 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INTU has been the topic of a number of research analyst reports. Piper Sandler reissued an "overweight" rating and set a $825.00 price objective (up previously from $785.00) on shares of Intuit in a research report on Friday, May 23rd. UBS Group reduced their price objective on Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research note on Friday, August 22nd. Stifel Nicolaus cut their target price on Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Susquehanna reissued a "positive" rating on shares of Intuit in a research report on Friday, May 23rd. Finally, Morgan Stanley decreased their price target on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. One 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 stock. According to data from MarketBeat, Intuit presently has a consensus rating of "Moderate Buy" and an average target price of $797.62.

Intuit Stock Down 0.1%

INTU traded down $0.39 during mid-day trading on Thursday, reaching $668.29. 1,718,963 shares of the stock were exchanged, compared to its average volume of 2,160,952. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.45 and a current ratio of 1.36. The stock has a market capitalization of $186.42 billion, a PE ratio of 48.64, a price-to-earnings-growth ratio of 2.58 and a beta of 1.26. The company has a 50 day moving average price of $739.58 and a two-hundred day moving average price of $679.28. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70.

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 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 during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the company posted $1.99 earnings per share. The firm'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, research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. This is a boost from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio (DPR) is presently 30.28%.

Insider Activity at Intuit

In related news, Director Scott D. Cook sold 529 shares of the 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 completion of the sale, the director directly owned 6,162,547 shares of the company's stock, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Alex G. Balazs sold 882 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total value of $689,397.66. The disclosure for this sale can be found here. Insiders sold a total of 72,029 shares of company stock valued at $55,231,998 in the last ninety days. Insiders own 2.68% of the company's stock.

About Intuit

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.