Exchange Traded Concepts LLC Sells 4,397 Shares of Intuit Inc. $INTU

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. boosted its stake in shares of Intuit by 1.2% in the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after buying an additional 36,513 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Intuit by 4.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock worth $1,130,718,000 after buying an additional 82,419 shares during the last quarter. Vident Advisory LLC boosted its stake in shares of Intuit by 22.1% in the 1st quarter. Vident Advisory LLC now owns 46,940 shares of the software maker's stock worth $28,821,000 after buying an additional 8,510 shares during the last quarter. Circle Wealth Management LLC boosted its stake in shares of Intuit by 33.4% in the 1st quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock worth $2,119,000 after buying an additional 865 shares during the last quarter. Finally, Pinnacle Financial Partners Inc lifted its position in Intuit by 3.6% during the first quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock valued at $10,922,000 after purchasing an additional 623 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Price Performance

Shares of INTU stock traded up $14.17 during trading hours on Monday, hitting $702.09. The stock had a trading volume of 2,403,184 shares, compared to its average volume of 2,059,445. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. The stock's 50-day moving average price is $714.44 and its two-hundred day moving average price is $686.73. The stock has a market capitalization of $195.74 billion, a price-to-earnings ratio of 51.10, a PEG ratio of 2.66 and a beta of 1.26.

Intuit (NASDAQ:INTU - Get Free Report) last issued 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 firm had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same period in the previous year, the firm posted $1.99 earnings per share. The business's revenue was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities analysts forecast 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 issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. This is a positive change from Intuit's previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. Intuit's payout ratio is presently 30.28%.

Insider Transactions at Intuit

In other Intuit news, CFO Sandeep Aujla sold 42 shares of the business'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 $27,929.58. Following the sale, the chief financial officer directly owned 831 shares of the company's stock, valued at $552,606.69. The trade was a 4.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard L. Dalzell sold 333 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the sale, the director directly owned 14,475 shares in the company, valued at $9,570,146.25. The trade was a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,879 shares of company stock valued at $7,558,613. 2.68% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Zacks Research downgraded Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Royal Bank Of Canada reiterated an "outperform" rating and set a $850.00 target price on shares of Intuit in a research report on Tuesday, September 2nd. JPMorgan Chase & Co. lowered their target price on Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Bank of America lowered their target price on Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Finally, Wells Fargo & Company set a $880.00 target price on Intuit and gave the company an "overweight" rating in a research report on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.