Intuit Inc. $INTU Shares Sold by MGO One Seven LLC

Key Points

• MGO One Seven LLC reduced its holdings in Intuit Inc. by 25.5%, owning 1,312 shares valued at $1,033,000 after selling 448 shares in Q2.
• Intuit's CFO sold 1,170 shares for approximately $792,160, marking a 47.46% reduction in their ownership.
• Intuit announced an increase in its quarterly dividend from $1.04 to $1.20 per share, with a dividend yield of 0.7% and a payout ratio of 34.93%.

MGO One Seven LLC lowered its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 25.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,312 shares of the software maker's stock after selling 448 shares during the quarter. MGO One Seven LLC's holdings in Intuit were worth $1,033,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Dogwood Wealth Management LLC raised its holdings in shares of Intuit by 111.8% during the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock valued at $28,000 after acquiring an additional 19 shares during the last quarter. RMG Wealth Management LLC acquired a new position in shares of Intuit during the second quarter valued at approximately $37,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of Intuit by 1,566.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock valued at $31,000 after acquiring an additional 47 shares during the last quarter. TD Capital Management LLC grew its position in shares of Intuit by 511.1% in the first quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock valued at $34,000 after purchasing an additional 46 shares in the last quarter. Finally, Olde Wealth Management LLC purchased a new stake in shares of Intuit in the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Insiders Place Their Bets

In related news, CFO Sandeep Aujla sold 1,170 shares of the firm's stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the transaction, the chief financial officer owned 1,295 shares of the company's stock, valued at $876,792.70. This trade represents a 47.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,407 shares of company stock valued at $1,614,913. 2.68% of the stock is currently owned by insiders.

Intuit Stock Down 0.9%

Shares of NASDAQ INTU opened at $646.99 on Friday. The stock has a market cap of $180.38 billion, a P/E ratio of 47.09, a PEG ratio of 2.52 and a beta of 1.25. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $813.70. The business's fifty day simple moving average is $677.27 and its 200-day simple moving average is $694.27.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same period last year, the firm earned $1.99 earnings per share. The company's revenue for the quarter 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. As a group, equities analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed 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 is a positive change from Intuit's previous quarterly dividend of $1.04. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit's dividend payout ratio is 34.93%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Zacks Research lowered Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Barclays dropped their price target on Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Wall Street Zen upgraded Intuit from a "hold" rating to a "buy" rating in a research report on Sunday, October 12th. UBS Group dropped their price target on Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research report on Friday, August 22nd. Finally, BMO Capital Markets upped 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 equities research 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $791.82.

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.

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