Marks Group Wealth Management Inc Has $9.84 Million Stock Holdings in Intuit Inc. $INTU

Key Points

• Marks Group Wealth Management Inc reduced its stake in Intuit Inc. by 11.0% to hold 12,489 shares valued at $9.84 million, making it the 22nd largest position in its portfolio.
• Intuit recently reported earnings of $2.75 per share, exceeding expectations, while also announcing an increase in its quarterly dividend to $1.20 per share.
• The stock of Intuit opened at $679.94, with a market capitalization of $189.57 billion and an average price target from analysts around $791.82.

Marks Group Wealth Management Inc cut its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 11.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,489 shares of the software maker's stock after selling 1,550 shares during the quarter. Intuit makes up 0.9% of Marks Group Wealth Management Inc's portfolio, making the stock its 22nd largest position. Marks Group Wealth Management Inc's holdings in Intuit were worth $9,837,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INTU. Brighton Jones LLC increased its stake in shares of Intuit by 61.3% in the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock valued at $2,233,000 after buying an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Intuit by 145.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock valued at $511,000 after buying an additional 482 shares in the last quarter. NBC Securities Inc. acquired a new stake in Intuit in the first quarter worth about $92,000. Wealth Group Ltd. acquired a new stake in Intuit in the first quarter worth about $493,000. Finally, Signal Advisors Wealth LLC increased its position in Intuit by 3.9% in the first quarter. Signal Advisors Wealth LLC now owns 727 shares of the software maker's stock worth $446,000 after purchasing an additional 27 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Stock Down 0.3%

NASDAQ:INTU opened at $679.94 on Monday. The firm has a market capitalization of $189.57 billion, a price-to-earnings ratio of 49.49, a price-to-earnings-growth ratio of 2.62 and a beta of 1.25. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The stock's 50 day moving average price is $700.95 and its two-hundred day moving average price is $692.75. 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 posted its quarterly earnings results 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 firm had revenue of $3.83 billion for 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 business's quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. Equities research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be issued a dividend of $1.20 per share. 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 boost from Intuit's previous quarterly dividend of $1.04. Intuit's payout ratio is presently 34.93%.

Insiders Place Their Bets

In related news, Director Scott D. Cook sold 529 shares of the business's 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 transaction, the director directly owned 6,162,547 shares of the company's stock, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sandeep Aujla sold 42 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $27,929.58. Following the transaction, the chief financial officer directly owned 831 shares in the company, valued at $552,606.69. The trade was a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,785 shares of company stock valued at $2,029,299 over the last 90 days. 2.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on INTU shares. CLSA started coverage on Intuit in a research report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price objective for the company. Morgan Stanley lowered their price objective on Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Intuit in a research report on Saturday, September 27th. Stifel Nicolaus lowered their price objective on Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Finally, Citigroup lowered their price objective on Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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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