Intuit Inc. $INTU Shares Sold by Interchange Capital Partners LLC

Key Points

• Interchange Capital Partners LLC has significantly reduced its stake in Intuit Inc. by 83.8%, leaving it with only 120 shares valued at $95,000 after selling 623 shares in the second quarter.
• Intuit's quarterly dividend has been increased to $1.20 per share, up from $1.04, representing an annualized dividend yield of 0.7%.
• Despite recent insider selling, analysts maintain a favorable outlook on Intuit, with a consensus target price of $791.82 and the majority rating it as a "Buy."

Interchange Capital Partners LLC trimmed its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 83.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 120 shares of the software maker's stock after selling 623 shares during the period. Interchange Capital Partners LLC's holdings in Intuit were worth $95,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of INTU. Dogwood Wealth Management LLC grew its holdings in shares of Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock worth $28,000 after purchasing an additional 19 shares during the period. Vista Cima Wealth Management LLC purchased a new stake in shares of Intuit during the 1st quarter worth about $31,000. CBIZ Investment Advisory Services LLC grew its holdings 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 period. TD Capital Management LLC grew its holdings 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 period. Finally, Olde Wealth Management LLC purchased a new stake in shares of Intuit during the 1st quarter worth about $37,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the company'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 transaction, the director directly owned 14,475 shares of the company's stock, valued at $9,570,146.25. This represents a 2.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of the company's stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the transaction, the chief financial officer directly owned 1,295 shares in the company, valued at approximately $876,792.70. The trade was a 47.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,407 shares of company stock valued at $1,614,913 in the last three months. Corporate insiders own 2.68% of the company's stock.

Intuit Stock Performance

Shares of INTU opened at $657.16 on Wednesday. The business's 50 day moving average is $682.10 and its two-hundred day moving average is $694.33. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70. The firm has a market cap of $183.22 billion, a price-to-earnings ratio of 47.83, a PEG ratio of 2.53 and a beta of 1.25. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU - Get Free Report) last announced its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $3.75 billion. During the same period in the prior year, the company posted $1.99 EPS. Intuit'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. Analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal 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 given 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 of this dividend is Thursday, October 9th. This is a positive change from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio is currently 34.93%.

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of research reports. Barclays decreased their target price on Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Bank of America reduced their price target on Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Wall Street Zen raised Intuit from a "hold" rating to a "buy" rating in a research report on Sunday. Citigroup reduced their price target on Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Finally, KeyCorp reduced their price target on Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Intuit currently has an average rating of "Moderate Buy" and a consensus target price of $791.82.

Intuit Profile

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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