TD Asset Management Inc Sells 2,475 Shares of Intuit Inc. $INTU

Key Points

• TD Asset Management Inc reduced its stake in Intuit Inc by 1.8%, owning 138,213 shares valued at approximately $108.86 million after selling 2,475 shares.
• Intuit recently announced a quarterly dividend increase from $1.04 to $1.20 per share, with a dividend yield of 0.7% and the ex-dividend date set for October 9th.
• In the latest earnings report, Intuit reported earnings per share of $2.75, exceeding analysts' estimates, with revenue of $3.83 billion representing a 20.3% year-over-year increase.

TD Asset Management Inc decreased its holdings in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 1.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 138,213 shares of the software maker's stock after selling 2,475 shares during the period. TD Asset Management Inc's holdings in Intuit were worth $108,861,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. increased its position in shares of Intuit by 1.2% during the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock valued at $1,890,282,000 after acquiring an additional 36,513 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Intuit by 4.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock valued at $1,130,718,000 after acquiring an additional 82,419 shares in the last quarter. Vident Advisory LLC increased its position in shares of Intuit by 22.1% during the first quarter. Vident Advisory LLC now owns 46,940 shares of the software maker's stock valued at $28,821,000 after acquiring an additional 8,510 shares in the last quarter. Circle Wealth Management LLC increased its position in shares of Intuit by 33.4% during the first quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker's stock valued at $2,119,000 after acquiring an additional 865 shares in the last quarter. Finally, Pinnacle Financial Partners Inc increased its position in shares of Intuit by 3.6% during the first quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock valued at $10,922,000 after acquiring an additional 623 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Intuit Trading Up 0.2%

Shares of Intuit stock opened at $657.16 on Wednesday. The company's fifty day simple moving average is $682.10 and its 200-day simple moving average is $694.33. The stock has a market capitalization of $183.22 billion, a PE ratio of 47.83, a P/E/G ratio of 2.53 and a beta of 1.25. Intuit Inc. has a 1-year low of $532.65 and a 1-year high of $813.70. 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 (NASDAQ:INTU - Get Free Report) last issued 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 business had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company's revenue was up 20.3% compared to the same quarter last year. During the same quarter last year, the company posted $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. As a group, equities analysts anticipate 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 paid a dividend of $1.20 per share. This is a positive change from Intuit's previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit's dividend payout ratio is presently 34.93%.

Insider Activity at Intuit

In related news, Director Scott D. Cook sold 529 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 transaction of $351,779.71. Following the transaction, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the transaction, 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. In the last quarter, insiders have sold 2,407 shares of company stock worth $1,614,913. 2.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on INTU. Oppenheimer raised their price target on shares of Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. BMO Capital Markets raised their target price on shares of Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Barclays dropped their target price on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. 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. Finally, Zacks Research cut shares of Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. One equities research 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 issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus 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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