Intuit Inc. $INTU Shares Sold by Legal Advantage Investments Inc.

Key Points

• Legal Advantage Investments Inc. reduced its holdings in Intuit Inc. by 5.7% in the second quarter, retaining 6,901 shares valued at approximately $5.4 million.
• Intuit recently announced a quarterly dividend increase to $1.20 per share, yielding 0.7%, with payment scheduled for October 17th.
• Intuit's stock has an average target price of $791.82 from analysts, with ratings ranging from "Strong Buy" to "Sell."

Legal Advantage Investments Inc. reduced its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 5.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,901 shares of the software maker's stock after selling 415 shares during the quarter. Intuit accounts for 2.5% of Legal Advantage Investments Inc.'s portfolio, making the stock its 14th largest position. Legal Advantage Investments Inc.'s holdings in Intuit were worth $5,435,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in Intuit by 1.2% in the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock valued at $1,890,282,000 after acquiring an additional 36,513 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Intuit by 4.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock valued at $1,130,718,000 after purchasing an additional 82,419 shares during the period. Vident Advisory LLC increased its position in shares of Intuit by 22.1% during the 1st quarter. Vident Advisory LLC now owns 46,940 shares of the software maker's stock valued at $28,821,000 after purchasing an additional 8,510 shares during the period. Circle Wealth Management LLC increased its position in shares of Intuit by 33.4% during the 1st quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock valued at $2,119,000 after purchasing an additional 865 shares during the period. Finally, Pinnacle Financial Partners Inc increased its position in shares of Intuit by 3.6% during the 1st 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 during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. CLSA assumed coverage on Intuit in a research report on Thursday, June 26th. They set an "outperform" rating and a $900.00 price target on the stock. Citigroup lowered 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. Royal Bank Of Canada reiterated an "outperform" rating and set a $850.00 price target on shares of Intuit in a research report on Tuesday, September 2nd. UBS Group lowered their price target on Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a research report on Friday, August 22nd. Finally, BMO Capital Markets lifted their price target on Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Intuit presently has an average rating of "Moderate Buy" and an average target price of $791.82.

Intuit Stock Performance

INTU opened at $641.79 on Friday. The firm has a market cap of $178.93 billion, a PE ratio of 46.71, a P/E/G ratio of 2.48 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. The business has a fifty day simple moving average of $686.93 and a 200-day simple moving average of $693.65. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company's revenue was up 20.3% compared to the same quarter last year. During the same period last year, the company 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 predict 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. 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 a boost 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 34.93%.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction 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 completion of the sale, the director owned 14,475 shares of the company's stock, valued at $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Scott D. Cook sold 529 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value 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 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. Insiders sold a total of 2,407 shares of company stock valued at $1,614,913 over the last quarter. Company insiders own 2.68% of the company's stock.

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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