Forte Capital LLC ADV Sells 1,305 Shares of Intuit Inc. $INTU

Key Points

• Forte Capital LLC ADV reduced its stake in Intuit Inc. by 4.9% during Q2, selling 1,305 shares, leaving them with 25,536 shares valued at $20.1 million.
• Intuit's recent earnings report indicated an EPS of $2.75, exceeding estimates, along with a revenue of $3.83 billion, reflecting a year-over-year increase of 20.3%.
• The company recently announced an increase in its quarterly dividend from $1.04 to $1.20, with the next payout scheduled for October 17th.

Forte Capital LLC ADV trimmed its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 4.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,536 shares of the software maker's stock after selling 1,305 shares during the quarter. Intuit accounts for 2.2% of Forte Capital LLC ADV's portfolio, making the stock its 12th largest position. Forte Capital LLC ADV's holdings in Intuit were worth $20,113,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Copia Wealth Management acquired a new stake in shares of Intuit during the fourth quarter worth $25,000. Heck Capital Advisors LLC acquired a new stake in Intuit in the 4th quarter valued at $28,000. Vista Cima Wealth Management LLC acquired a new position in shares of Intuit during the 1st quarter worth about $31,000. CBIZ Investment Advisory Services LLC increased its stake in shares of Intuit by 1,566.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock worth $31,000 after purchasing an additional 47 shares during the last quarter. Finally, TD Capital Management LLC increased its stake 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 worth $34,000 after purchasing an additional 46 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

INTU has been the subject of several research analyst reports. Morgan Stanley reduced their target price on shares of Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Barclays dropped their target price on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Zacks Research cut shares of Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Oppenheimer upped their price objective on shares of Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Finally, CLSA initiated coverage on shares of Intuit in a research report on Thursday, June 26th. They set an "outperform" rating and a $900.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $797.62.

Intuit Price Performance

Shares of Intuit stock opened at $702.09 on Tuesday. The firm has a market cap of $195.74 billion, a PE ratio of 51.10, a price-to-earnings-growth ratio of 2.66 and a beta of 1.26. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The company's fifty day simple moving average is $714.44 and its two-hundred day simple moving average is $686.73.

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 analysts' consensus estimates of $2.66 by $0.09. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. As a group, equities analysts expect that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The company 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 is a boost from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Intuit's payout ratio is currently 30.28%.

Insider Transactions at Intuit

In other news, EVP Mark P. Notarainni sold 1,147 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total transaction of $887,663.30. Following the completion of the transaction, the executive vice president directly owned 19 shares of the company's stock, valued at $14,704.10. The trade was a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sandeep Aujla sold 2,591 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $782.22, for a total transaction of $2,026,732.02. Following the sale, the chief financial officer directly owned 768 shares of the company's stock, valued at approximately $600,744.96. This represents a 77.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,879 shares of company stock valued at $7,558,613. 2.68% of the stock is currently owned by insiders.

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.

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