SteelPeak Wealth LLC Sells 11,651 Shares of Intuit Inc. $INTU

Key Points

• SteelPeak Wealth LLC reduced its stake in Intuit Inc. by 39.4%, selling 11,651 shares during the 2nd quarter, leaving it with 17,945 shares valued at approximately $14.1 million.
• Intuit recently reported Q4 earnings surpassing analyst estimates with an EPS of $2.75 and revenue of $3.83 billion, reflecting a year-over-year revenue growth of 20.3%.
• The company declared a quarterly dividend increase to $1.20 per share, effective October 17th, and the annualized dividend yield is now at 0.7%.

SteelPeak Wealth LLC lowered its stake in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 39.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,945 shares of the software maker's stock after selling 11,651 shares during the period. SteelPeak Wealth LLC's holdings in Intuit were worth $14,134,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Dogwood Wealth Management LLC raised its stake in Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock worth $28,000 after buying an additional 19 shares during the period. Vista Cima Wealth Management LLC acquired a new position in shares of Intuit during the first quarter worth approximately $31,000. CBIZ Investment Advisory Services LLC raised its position in shares of Intuit by 1,566.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 50 shares of the software maker's stock worth $31,000 after purchasing an additional 47 shares during the period. TD Capital Management LLC lifted its holdings in shares of Intuit by 511.1% in the 1st quarter. TD Capital Management LLC now owns 55 shares of the software maker's stock worth $34,000 after purchasing an additional 46 shares in the last quarter. Finally, Olde Wealth Management LLC acquired a new stake in Intuit in the 1st quarter valued at $37,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Price Performance

Intuit stock opened at $670.09 on Tuesday. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $813.70. The company's 50 day moving average price is $698.38 and its two-hundred day moving average price is $693.21. The stock has a market cap of $186.82 billion, a P/E ratio of 48.77, a P/E/G ratio of 2.62 and a beta of 1.25. 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 issued its quarterly 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 revenue was up 20.3% on a year-over-year basis. During the same period last year, the business 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 predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The business also recently declared 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 is an increase 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 dividend on an annualized basis and a dividend yield of 0.7%. Intuit's payout ratio is presently 30.28%.

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $768.43, for a total transaction of $255,887.19. Following the completion of the transaction, the director directly owned 15,474 shares of the company's stock, valued at $11,890,685.82. This represents a 2.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sandeep Aujla sold 42 shares of the firm'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 $27,929.58. Following the sale, the chief financial officer owned 831 shares of the company's stock, valued at approximately $552,606.69. The trade was a 4.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,570 shares of company stock worth $1,078,640. 2.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on INTU shares. Weiss Ratings restated a "buy (b-)" rating on shares of Intuit in a report on Saturday, September 27th. Citigroup lowered their target price on shares of Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Morgan Stanley cut their price target on Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Bank of America lowered their price objective on Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $850.00 target price on shares of Intuit in a report on Tuesday, September 2nd. 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 assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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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