Intuit Inc. $INTU Shares Sold by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC reduced its stake in Intuit Inc. by 89.9% in the first quarter, holding just 740 shares valued at $454,000 after selling 6,610 shares.
• Intuit reported a 20.3% increase in revenue year-over-year, totaling $3.83 billion for the quarter, and exceeded EPS estimates by $0.09.
• The company declared an increase in its quarterly dividend from $1.04 to $1.20 per share, reflecting an annualized yield of 0.7%.

Magnetar Financial LLC lowered its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 89.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 740 shares of the software maker's stock after selling 6,610 shares during the period. Magnetar Financial LLC's holdings in Intuit were worth $454,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in Intuit by 69,701.9% during the 1st quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock valued at $17,348,790,000 after acquiring an additional 2,821,534 shares during the period. Nuveen LLC acquired a new position in Intuit during the first quarter worth $882,031,000. Nicholas Hoffman & Company LLC. acquired a new position in Intuit during the first quarter worth $785,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Intuit by 33.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,072,021 shares of the software maker's stock worth $1,930,765,000 after acquiring an additional 771,232 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in Intuit by 7.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock worth $5,537,435,000 after acquiring an additional 649,212 shares during the period. Hedge funds and other institutional investors own 83.66% of the company's stock.

Insider Buying and Selling at Intuit

In other news, CFO Sandeep Aujla sold 2,591 shares of Intuit stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $782.22, for a total transaction of $2,026,732.02. Following the completion of the transaction, the chief financial officer owned 768 shares of the company's stock, valued at $600,744.96. The trade was a 77.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mark P. Notarainni sold 1,147 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total transaction of $887,663.30. Following the completion of the transaction, the executive vice president directly owned 19 shares of the company's stock, valued at $14,704.10. The trade was a 98.37% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,488 shares of company stock worth $56,356,595. Insiders own 2.68% of the company's stock.

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of research analyst reports. Oppenheimer upped their price objective on shares of Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Bank of America lowered their target price on shares of Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Zacks Research cut shares of Intuit from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Stifel Nicolaus reduced their target price on shares of Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Finally, UBS Group reduced their target price on shares of Intuit from $750.00 to $725.00 and set a "neutral" rating on the stock in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $797.62.

Intuit Stock Performance

Shares of INTU traded up $6.69 during mid-day trading on Wednesday, reaching $668.68. 1,979,251 shares of the company's stock were exchanged, compared to its average volume of 2,098,216. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.45. The stock has a market capitalization of $186.53 billion, a PE ratio of 48.67, a price-to-earnings-growth ratio of 2.57 and a beta of 1.26. The business's fifty day simple moving average is $741.67 and its 200-day simple moving average is $678.72. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.Intuit's quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.99 earnings per share. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, equities research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The company also recently declared 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. This is a boost from Intuit's previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit's dividend payout ratio is presently 30.28%.

Intuit Company 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.