SGL Investment Advisors Inc. Increases Stake in Intuit Inc. $INTU

Key Points

• SGL Investment Advisors Inc. increased its stake in Intuit Inc. by 170.1% during the 2nd quarter, bringing its holdings to 929 shares worth $726,000.
• Intuit recently reported earnings of $2.75 EPS for the quarter, exceeding estimates, with a revenue of $3.83 billion, a year-over-year increase of 20.3%.
• The company announced a quarterly dividend of $1.20, increasing from its previous $1.04, reflecting a commitment to returning value to shareholders.

SGL Investment Advisors Inc. lifted its stake in Intuit Inc. (NASDAQ:INTU - Free Report) by 170.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 929 shares of the software maker's stock after buying an additional 585 shares during the quarter. SGL Investment Advisors Inc.'s holdings in Intuit were worth $726,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dogwood Wealth Management LLC grew its stake in 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 purchasing an additional 19 shares during the last quarter. RMG Wealth Management LLC bought a new position in shares of Intuit during the 2nd quarter worth approximately $37,000. CBIZ Investment Advisory Services LLC lifted its position in Intuit by 1,566.7% during the first 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 during the last quarter. TD Capital Management LLC boosted its stake in 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 acquiring an additional 46 shares in the last quarter. Finally, Olde Wealth Management LLC acquired a new stake in Intuit in the first quarter valued at approximately $37,000. Institutional investors own 83.66% of the company's stock.

Intuit Trading Down 1.4%

Shares of NASDAQ INTU opened at $670.09 on Tuesday. The stock has a fifty day simple moving average of $698.38 and a 200-day simple moving average of $693.21. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $186.82 billion, a PE ratio of 48.77, a PEG ratio of 2.62 and a beta of 1.25.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $3.83 billion during 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 business's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter last year, the firm 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. On average, equities analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The company 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 $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.7%. This is a positive change from Intuit's previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, October 9th. Intuit's dividend payout ratio is 30.28%.

Insider Buying and Selling

In other news, CFO Sandeep Aujla sold 42 shares of Intuit stock in a transaction on Monday, August 25th. The shares were 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 of the company's stock, valued at $552,606.69. The trade was a 4.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Scott D. Cook sold 529 shares of the stock in a transaction 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 sale, the director owned 6,162,547 shares of the company's stock, valued at approximately $4,098,032,129.53. This represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,570 shares of company stock worth $1,078,640 over the last 90 days. 2.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Barclays cut their price target on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Wells Fargo & Company set a $880.00 target price on Intuit and gave the stock an "overweight" rating in a research note on Friday, June 13th. JPMorgan Chase & Co. lowered their price target on Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. BMO Capital Markets boosted their price target on Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Finally, Oppenheimer upped their target price on shares of Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. One 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 company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $791.82.

Intuit 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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