Mutual of America Capital Management LLC Trims Stake in Intuit Inc. $INTU

Key Points

• Mutual of America Capital Management LLC has reduced its stake in Intuit Inc. by 1.5%, selling 557 shares, leaving them with 35,821 shares valued at approximately $28.2 million.
• Intuit recently reported a quarterly earnings per share of $2.75, exceeding analysts' expectations, and a revenue of $3.83 billion, which marks a year-over-year increase of 20.3%.
• The company also increased its quarterly dividend to $1.20 per share, up from the previous $1.04, resulting in an annualized yield of 0.7%.

Mutual of America Capital Management LLC reduced its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 1.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,821 shares of the software maker's stock after selling 557 shares during the quarter. Mutual of America Capital Management LLC's holdings in Intuit were worth $28,214,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of INTU. Dogwood Wealth Management LLC increased its position in shares of Intuit by 111.8% in the second 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 purchased a new stake in shares of Intuit in the first quarter valued at approximately $31,000. CBIZ Investment Advisory Services LLC increased its position in shares of Intuit by 1,566.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock valued at $31,000 after buying an additional 47 shares in the last quarter. TD Capital Management LLC increased 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 buying 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. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the business's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the transaction, the director owned 14,475 shares of the company's stock, valued at approximately $9,570,146.25. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Scott D. Cook sold 529 shares of the business's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the transaction, the director directly owned 6,162,547 shares in the company, valued at $4,098,032,129.53. This trade represents a 0.01% 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. Insiders own 2.68% of the company's stock.

Intuit Stock Performance

Shares of NASDAQ:INTU opened at $661.39 on Friday. The business's 50 day moving average price is $675.52 and its 200-day moving average price is $695.11. The firm has a market capitalization of $184.40 billion, a PE ratio of 48.14, a P/E/G ratio of 2.55 and a beta of 1.25. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 22.72% and a net margin of 20.55%.The firm's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. As a group, equities research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. This is an increase from Intuit's previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Thursday, October 9th. Intuit's dividend payout ratio is presently 34.93%.

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of recent analyst reports. BMO Capital Markets boosted their price objective on Intuit from $820.00 to $870.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. 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. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Intuit in a research note on Wednesday, October 8th. Zacks Research lowered Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Finally, Morgan Stanley lowered their price target on Intuit from $900.00 to $880.00 and set an "overweight" 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 issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Intuit has an average rating of "Moderate Buy" and a consensus target price of $791.82.

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.

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