LGT Fund Management Co Ltd. Sells 1,000 Shares of Intuit Inc. $INTU

Key Points

• LGT Fund Management Co Ltd. sold 1,000 shares of Intuit Inc., reducing its holdings by 15.4% to 5,499 shares, valued at approximately $4.33 million.
• Multiple institutional investors have increased their stakes in Intuit, with Dogwood Wealth Management lifting theirs by 111.8%, indicating a growing interest in the company.
• The company has increased its quarterly dividend to $1.20 per share, signaling confidence in its financial health, with a dividend yield of 0.7%.

LGT Fund Management Co Ltd. decreased its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 15.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,499 shares of the software maker's stock after selling 1,000 shares during the period. LGT Fund Management Co Ltd.'s holdings in Intuit were worth $4,331,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Dogwood Wealth Management LLC lifted its stake in Intuit by 111.8% in the 2nd 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 in the last quarter. CBIZ Investment Advisory Services LLC lifted its stake in Intuit by 1,566.7% in the 1st 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 in the last quarter. TD Capital Management LLC lifted its stake in Intuit by 511.1% in the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock valued at $34,000 after acquiring an additional 46 shares in the last quarter. Olde Wealth Management LLC bought a new stake in Intuit in the 1st quarter valued at approximately $37,000. Finally, Activest Wealth Management lifted its stake in Intuit by 3,050.0% in the 1st quarter. Activest Wealth Management now owns 63 shares of the software maker's stock valued at $39,000 after acquiring an additional 61 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on INTU shares. Oppenheimer boosted their target price on Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. UBS Group cut their target price on Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a research note on Friday, August 22nd. Royal Bank Of Canada restated an "outperform" rating and issued a $850.00 target price on shares of Intuit in a research note on Tuesday, September 2nd. Rothschild & Co Redburn boosted their price target on Intuit from $560.00 to $670.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 23rd. Finally, Wall Street Zen lowered Intuit from a "buy" rating to a "hold" rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Intuit currently has a consensus rating of "Moderate Buy" and a consensus price target of $791.82.

Insiders Place Their Bets

In other news, Director Scott D. Cook sold 529 shares of Intuit 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 $351,779.71. Following the completion of the transaction, the director directly owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Alex G. Balazs sold 882 shares of Intuit stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $781.63, for a total value of $689,397.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,785 shares of company stock valued at $2,029,299. 2.68% of the stock is owned by insiders.

Intuit Stock Performance

Shares of NASDAQ INTU opened at $679.94 on Friday. 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 stock has a 50 day moving average of $700.95 and a 200-day moving average of $691.50. The company has a market capitalization of $189.57 billion, a P/E ratio of 49.49, a P/E/G ratio of 2.63 and a beta of 1.25.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 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 company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the company posted $1.99 EPS. The firm'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 research analysts predict that Intuit Inc. will post 14.09 EPS for the current 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 paid a dividend of $1.20 per share. The ex-dividend date is Thursday, October 9th. 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. Intuit's dividend 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.

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