Morningstar Investment Management LLC Takes $468,000 Position in Intuit Inc. $INTU

Key Points

• Morningstar Investment Management LLC has acquired a new stake in Intuit Inc., purchasing 594 shares valued at approximately $468,000 in the second quarter.
• The company has announced an increase in its quarterly dividend to $1.20 per share, up from $1.04, with the dividend yield currently at 0.7%.
• Intuit recently reported a 20.3% increase in revenue year-over-year, posting a quarterly revenue of $3.83 billion and an EPS of $2.75, surpassing analyst estimates.

Morningstar Investment Management LLC purchased a new stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 594 shares of the software maker's stock, valued at approximately $468,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dogwood Wealth Management LLC raised its position in shares of Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock valued at $28,000 after buying an additional 19 shares in the last quarter. Vista Cima Wealth Management LLC bought a new position in Intuit during the 1st quarter valued at about $31,000. CBIZ Investment Advisory Services LLC grew its holdings in Intuit by 1,566.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock valued at $31,000 after purchasing an additional 47 shares during the last quarter. TD Capital Management LLC grew its holdings in Intuit by 511.1% during the 1st 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 during the last quarter. Finally, Olde Wealth Management LLC bought a new position in Intuit during the 1st quarter valued at about $37,000. Institutional investors own 83.66% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on INTU shares. CLSA started coverage on shares of Intuit in a report on Thursday, June 26th. They set an "outperform" rating and a $900.00 price target on the stock. JPMorgan Chase & Co. cut their price target on shares of Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Oppenheimer upped their target price on shares of Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Rothschild & Co Redburn upped their target price on shares of Intuit from $560.00 to $670.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 23rd. Finally, Bank of America dropped their target price on shares of Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. 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 given a Sell rating to the company's stock. Based on data from MarketBeat, Intuit currently has a consensus rating of "Moderate Buy" and a consensus price target of $791.82.

Insider Activity

In other news, Director Scott D. Cook sold 529 shares of Intuit stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the sale, the director owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the sale, the chief financial officer owned 1,295 shares in the company, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,407 shares of company stock worth $1,614,913 over the last 90 days. 2.68% of the stock is currently owned by company insiders.

Intuit Stock Up 0.2%

INTU stock opened at $657.16 on Wednesday. The firm has a market cap of $183.22 billion, a PE ratio of 47.83, a P/E/G ratio of 2.53 and a beta of 1.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. The firm's fifty day moving average is $682.10 and its 200 day moving average is $694.33. Intuit Inc. has a one year low of $532.65 and a one year high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm's revenue was up 20.3% on a year-over-year basis. During the same quarter last year, the business 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, research analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The business 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 positive change from Intuit's previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. Intuit's dividend payout ratio (DPR) is 34.93%.

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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