Intuit Inc. $INTU Shares Sold by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC has reduced its stake in Intuit Inc. by 20%, owning 17,593 shares worth approximately $13.86 million after selling 4,397 shares in the second quarter.
• Intuit reported earnings of $2.75 EPS for the last quarter, exceeding estimates, with revenue of $3.83 billion, reflecting a 20.3% increase compared to the prior year.
• The company announced an increase in its quarterly dividend from $1.04 to $1.20, signaling a commitment to return value to shareholders with a yield of 0.7%.

Exchange Traded Concepts LLC trimmed its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 20.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,593 shares of the software maker's stock after selling 4,397 shares during the quarter. Exchange Traded Concepts LLC's holdings in Intuit were worth $13,857,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in INTU. Copia Wealth Management acquired a new position in Intuit in the fourth quarter valued at about $25,000. Heck Capital Advisors LLC bought a new position in Intuit in the 4th quarter valued at $28,000. Vista Cima Wealth Management LLC purchased a new stake in shares of Intuit in the 1st quarter valued at about $31,000. CBIZ Investment Advisory Services LLC lifted its holdings in Intuit by 1,566.7% in the 1st 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 period. Finally, TD Capital Management LLC increased its holdings in shares of Intuit by 511.1% in 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 in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Insider Activity

In related news, CFO Sandeep Aujla sold 42 shares of the business'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 $27,929.58. Following the transaction, the chief financial officer directly owned 831 shares in the company, valued at approximately $552,606.69. The trade was a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott D. Cook sold 529 shares of the company's stock in a transaction on Monday, August 25th. The shares were 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 $4,098,032,129.53. This trade represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,879 shares of company stock worth $7,558,613. 2.68% of the stock is currently owned by company insiders.

Intuit Stock Performance

Shares of INTU traded up $12.96 during mid-day trading on Friday, reaching $687.92. The company had a trading volume of 4,062,723 shares, compared to its average volume of 2,166,550. The stock has a 50 day moving average of $715.45 and a two-hundred day moving average of $685.53. 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 stock has a market capitalization of $191.80 billion, a P/E ratio of 50.07, a PEG ratio of 2.66 and a beta of 1.26. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.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 EPS. The firm's quarterly revenue 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. On average, analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is a boost from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio (DPR) is presently 34.93%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $850.00 target price on shares of Intuit in a research report on Tuesday, September 2nd. KeyCorp cut their price target on shares of Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. 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 on the stock. Stifel Nicolaus decreased their price target on shares of Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Finally, Oppenheimer boosted their price target on shares of Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Intuit presently has an average rating of "Moderate Buy" and an average target price of $797.62.

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.