Guggenheim Capital LLC Trims Stock Position in Intuit Inc. $INTU

Key Points

• Guggenheim Capital LLC has reduced its stake in Intuit Inc. by 23.9%, holding 54,250 shares worth approximately $33.3 million after selling 17,021 shares in the first quarter.
• Insider activity is notable, with EVP Marianna Tessel selling 34,329 shares for over $26 million, reducing her position by 45.71%, while CFO Sandeep Aujla sold 2,591 shares, marking a 77.14% decrease.
• Intuit plans to increase its quarterly dividend to $1.20, up from $1.04, with an upcoming payment date of October 17th for investors of record on October 9th.

Guggenheim Capital LLC lessened its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 23.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,250 shares of the software maker's stock after selling 17,021 shares during the period. Guggenheim Capital LLC's holdings in Intuit were worth $33,309,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Decatur Capital Management Inc. grew its holdings in shares of Intuit by 0.3% during the first quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker's stock valued at $3,069,000 after buying an additional 16 shares during the last quarter. Financial Management Professionals Inc. grew its holdings in shares of Intuit by 18.4% during the first quarter. Financial Management Professionals Inc. now owns 116 shares of the software maker's stock valued at $71,000 after buying an additional 18 shares during the last quarter. Chris Bulman Inc grew its holdings in shares of Intuit by 1.2% during the first quarter. Chris Bulman Inc now owns 1,523 shares of the software maker's stock valued at $935,000 after buying an additional 18 shares during the last quarter. Kolinsky Wealth Management LLC grew its holdings in shares of Intuit by 1.6% during the fourth quarter. Kolinsky Wealth Management LLC now owns 1,192 shares of the software maker's stock valued at $749,000 after buying an additional 19 shares during the last quarter. Finally, Norden Group LLC grew its holdings in shares of Intuit by 1.2% during the first quarter. Norden Group LLC now owns 1,663 shares of the software maker's stock valued at $1,021,000 after buying an additional 19 shares during the last quarter. Institutional investors own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on INTU shares. Bank of America reduced their price objective on shares of Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Piper Sandler reiterated an "overweight" rating and set a $825.00 price objective (up from $785.00) on shares of Intuit in a report on Friday, May 23rd. Citigroup dropped their price target on shares of Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Jefferies Financial Group set a $850.00 price target on shares of Intuit and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, UBS Group dropped their price target on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $797.62.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 333 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $768.43, for a total value of $255,887.19. Following the sale, the director owned 15,474 shares of the company's stock, valued at $11,890,685.82. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Scott D. Cook sold 529 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $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 quarter, insiders have sold 107,817 shares of company stock valued at $82,475,471. Corporate insiders own 2.68% of the company's stock.

Intuit Stock Performance

INTU traded down $1.20 during midday trading on Friday, reaching $667.00. The company had a trading volume of 1,594,076 shares, compared to its average volume of 2,167,229. 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 cap of $186.06 billion, a PE ratio of 48.54, a P/E/G ratio of 2.59 and a beta of 1.28. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The business has a 50-day moving average price of $747.30 and a two-hundred day moving average price of $677.70.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. 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 company earned $1.99 earnings per share. The company'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, sell-side analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Thursday, October 9th will be given a $1.20 dividend. 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. The ex-dividend date of this dividend is Thursday, October 9th. Intuit's payout ratio is presently 30.28%.

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.